Incident and Emergency Management Market Expected to Reach USD 423,323 Million by 2025 |Top Players such as - NEC Corporation, Rockwell Collins and Siemens AG

According to the report published by Allied Market Research, The Incident and Emergency Management Market Expected to Reach USD 423,323 Million by 2025 |Top Players such as - NEC Corporation, Rockwell Collins and Siemens AG. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

Rise in need for safety and security solutions, owing to increase in natural calamities & terrorist attacks, implementation of regulatory policies for public safety, and necessity of emergency preparedness drive the growth of the global incident and emergency management market. In addition, surge in smart cities is expected to drive the adoption of intelligent evacuation systems and surveillance systems, thereby fueling the incident and emergency management market growth. Moreover, use of technologically advanced equipment for terror attacks is expected to fuel the need for incident and emergency systems.

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The global incident and emergency management market is segmented on the basis of system type, communication technology, service, solution, industry vertical, and region. Based on system type, the market is divided into mass notification system, surveillance system, traffic management system, safety management system, earthquake/ seismic warning system, disaster recovery & backup systems, and others. Depending on communication technology, it is segregated into first responder tools, satellite phones, emergency response radars, vehicle-ready gateways, and others.

By service, it is fragmented into training & education services, consulting services, design & integration services, and support & maintenance services. As per solution, it is divided into geospatial solutions, disaster recovery solutions, and situational awareness solutions. According to industry vertical, it is categorized into BFSI, energy & utilities, manufacturing, healthcare, aerospace & defense, public sector, transportation & logistics, telecom & IT, and others.

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Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe would continue to dominate the market through 2025 with more than one-third of the global share. Meanwhile, Asia-Pacific would witness the highest CAGR of 27.2% during the forecast period.

The key players analyzed in the report include Esri Inc., Honeywell International Inc., IBM Corporation, Intergraph Corporation, Intermedix Corporation, Lockheed Martin Corporation, Motorola Solutions, Inc., NEC Corporation, Rockwell Collins, and Siemens AG.

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Key Findings of the Incident and Emergency Management Market:

● By system type, the disaster recovery & backup systems segment is expected to exhibit significant growth in the global incident and emergency management during the forecast period.

● In 2017, Europe accounted for the highest revenue among the other regions.

● Based on industry vertical, the energy & utilities segment generated the highest revenue in 2017.

● By communication technology, the emergency response radars segment is anticipated to exhibit substantial growth during the forecast period.

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