Press release
Incident and Emergency Management Market Reached USD 116 billion in 2020 and is projected to grow at a CAGR of 6.4% | Size, Growth & Global Forecast
Incident and Emergency Management Market
The Incident and Emergency Management Market was valued around USD 116 billion in 2020 and is expected to grow at a CAGR of 6.4% over the forecast period (2021-2028).
The factors driving the growth of Incident and Emergency Management Market includes rising occurrence of natural calamities and terrorist attacks, increasing number of smart cities and growing demand for public safety and security systems around the world. As per the data available at Statista, the number of natural disaster events occurring worldwide has increased from 400 in 2016 to 430 in 2020, which is pushing the demand for advanced emergency management systems across the globe. Moreover, growing focus by manufacturer on developing early warning systems, geospatial solutions, and simulation tools, rise in the launch of innovative products and increase in Government's budget on training special army for rescue missions during natural calamities, are some of the additional factors supplementing the Incident and Emergency Management Market size. In addition, the increasing investments by leading players on research and development, rapid urbanization, rising disposable incomes, improvements in the living standards and growing population growth rates, are further contributing towards the market growth.
However, growth of the Incident and Emergency Management Market is hindered due to high installation and maintenance costs of incident and emergency management systems.
The prominent players operating in the market are The Response Group, Siemens, Motorola Solutions, BlackBerry, Eaton, NEC Corporation, Lockheed Martin, Johnson Controls and Hexagon, among others.
Based on System, the Traffic Management segment is predicted to grow at a significant CAGR during the forecast period
Strict regulations imposed by Governments to reduce road accidents and enhancing safety of people, are pushing growth of the segment.
Based on Vertical, the Healthcare segment is projected to expand at a remarkable CAGR over the forecast period
Growing adoption of emergency management solutions at multispecialty and community hospitals, is propelling growth of the segment.
Based on Region, the North American region is anticipated to hold the highest market share during the forecast period
Growing adoption of advanced technologies by manufacturers, rise in Government's expenditure on the emergency management systems, increase in the launch of innovative products, improved living standards and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Key Development
In 2019, Siemens developed an online cloud-based fire security program as Cerberus Portal. This product helps in moving information to the cloud using Cerberus Connect X300 utilizing scrambled transmission innovation and an underlying firewall.
Market Segmentation
Segmentation by System
Web based emergency management
Traffic Management
Disaster Recovery
Backup System
Segmentation by Communication
First Responder Tools
Satellite Phones
Emergency Response Radars
Segmentation by Vertical
IT and Telecom
Government
Healthcare
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Incident and Emergency Management Market Reached USD 116 billion in 2020 and is projected to grow at a CAGR of 6.4% | Size, Growth & Global Forecast here
News-ID: 2755337 • Views: …
More Releases from GMI Research
OLED Market is projected to rise at a higher CAGR during the forecast period | S …
The OLED Market is anticipated to expand at a remarkable CAGR during the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/global-oled-market/
The factors driving growth of the OLED Market includes increasing penetration of smartphones and gaming consoles around the world, Government policies supporting OLED lighting research, growing popularity of smart Televisions and improvements in the living standards. For instance, the revenue generated from the sales of video game consoles…
3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period | …
The 3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-3d-printed-drugs-market-by-technique-type/
The factors driving growth of the 3D Printed Drugs Market includes increasing geriatric population around the world, growing demand for soluble drugs, rising prevalence of stroke, Alzheimer's disease and head and neck tumors and improvements in the living standards. For instance, the population aged 60 and…
Virtual Private Cloud Market is expected to grow at a higher CAGR of 23.4% over …
The Virtual Private Cloud Market is projected to grow at a CAGR of 23.4% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-virtual-private-cloud-market/
The factors driving growth of the Virtual Private Cloud Market includes huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, rising focus by companies on modernizing IT infrastructure, Government initiatives promoting digitalization, increasing number of data breaches reported around the…
Pest Control Services Market is poised to grow at a robust CAGR during the forec …
The Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/pest-control-services-market/
The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was…
More Releases for Management
Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will…
Cloud Project Portfolio Management Market Report 2018: Segmentation by Applicati …
Global Cloud Project Portfolio Management market research report provides company profile for CA Technologies (New York, U.S.), HPE (California, U.S.), Changepoint Corporation (Richmond Hill, Ontario), Clarizen, Inc. (California, U.S.), Microsoft Corporation (Washington, U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Prescriptive analytics Market Outlook 2025 focus On: Risk Management, Operation …
A detailed market study on "Global Prescriptive analytics Market" examines the performance of the Prescriptive analytics Market. It encloses an in-depth Research of the Prescriptive analytics Market state and the competitive landscape globally. This report analyzes the potential of Prescriptive analytics Market in the present and the future prospects from various prospective in detail.
Get Free Sample Report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-prescriptive-analytics-market
Prescriptive analytics market accounted for USD 1.20 billion growing at a CAGR of…
Facility Management Market Solutions & Services (Real Estate & Lease Management, …
ReportsWeb.com added “Global Facility Management Market to 2025” to its vast collection of research Database. The report classifies the global Facility Management Market in a precise manner to offer detailed insights into the aspects responsible for augmenting as well as restraining market growth.
Facility Management is an essential part which handles all functions related to enterprise and helps in streaming all the operations with reducing cost. Managing life cycle management of…
Worldwide Current Trend and Future Growth Telecom Expense Management Market by S …
“Telecom Expense Management (TEM) report is a pin point market guide. This report includes Past, Present and QY Reaserch Market Trends Reviews based on both output/volume and revenue and giving the reader an atomistic view of the industry.”
The report for Global Telecom Expense Management (TEM) Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry…
Telecom Expense Management Market Analysis For Financial Management, Order Manag …
The telecom expense management (TEM) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in telecom expense management market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said…
