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U.S. Emergency Management Services Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2023-2030 | HSS Inc., Willdan Group Inc., Atos SE

11-29-2023 12:46 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

U.S. Emergency Management Services Market Revenue Trends,

Market Overview:

The U.S. emergency management services market involves planning, coordinating, and implementing measures to help communities prepare for, respond to, recover from, and mitigate the effects of natural or human-made disasters. Emergency management services help protect lives and property through a comprehensive, risk-based emergency management program.

Market Dynamics:

The U.S. emergency management services market is expected to witness significant growth over the forecast period, owing to growing occurrences of natural disasters such as wildfires, hurricanes, tornadoes, and floods in the country. According to National Oceanic and Atmospheric Administration (NOAA), the frequency and impacts of natural disasters in the U.S. have increased substantially over the last few decades. Additionally, climate change is projected to increase the chances of more intense hurricanes in the Atlantic and more frequent heat waves across the U.S. Such rise in natural disasters has augmented the need for improved emergency response services and preparedness planning in the country. Moreover, increasing focus of government organizations on upgrading existing emergency management infrastructure and services is also expected to support market growth over the coming years.

According to Coherent Market Insights study, The U.S. emergency management services market is estimated to be valued at US$ 13,839.80 million in 2021 and is expected to exhibit a CAGR of 7.80 % over the forecast period (2021-2028).

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Market Drivers

Increasing Number of Natural Calamities is Driving the Growth of Emergency Management Services in the U.S.

The U.S. has been experiencing an increasing number and severity of natural disasters in recent years such as hurricanes, wildfires, floods etc. which has resulted in huge economic losses and damages. This has highlighted the need to strengthen emergency response capabilities. Government agencies and private organizations are now investing more in modern emergency equipment, training of first responders, developing effective communication systems and disaster management plans to deal with such calamities efficiently. This is a major factor propelling the growth of the emergency management services market in the country.

Rising Threat of Terrorism is Fueling Demand for Advanced Emergency Response Technologies

With rising geopolitical tensions and threats of terrorism globally, the U.S. faces persistent risks of terrorist attacks. This has pushed government agencies and law enforcement authorities to focus on bolstering national security and improving crisis response mechanisms. As a result, emergency services providers are seeing increased demand for cutting-edge technologies such as remote monitoring & surveillance systems, GIS mapping, emergency notification systems and interoperable communication devices to help manage terrorist incidents and hazardous materials effectively. Modern tools are allowing for faster response times and coordinated efforts among different agencies. This driver is expected to have a significant positive impact on the emergency management services industry.

Market Restrain: Budgetary Constraints is a Major Challenge for Modernization of Emergency Response Infrastructure

While disasters and security threats have heightened the need to upgrade existing emergency response infrastructure, budgetary constraints at federal, state and local levels continue to act as a major roadblock. Emergency management requires massive investments for areas like emergency operations centers, training and exercises, emergency communications, public alert and warning systems, relief supplies etc. Although governments spend billions annually, the costs associated with setting up next-gen infrastructure that meets current needs is very high. This has limited the pace of modernization to some extent. Emergency services providers also face challenges in securing sufficient funding for new service offerings. Addressing budgetary issues remains a top priority forfurther development of the market.

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Market Opportunity: Growing Emphasis on Community Preparedness Programs Presents Significant Opportunities

With frequent extreme weather events, governments and organizations are focusing more on building community resilience by improving preparedness at the local level. Initiatives that educate citizens on emergency planning and response, facilitate coordination between neighborhood groups and foster self-sufficiency during crises are gaining prominence. There is a rising trend of investment in mobile apps, websites, social media tools and syndicated messaging platforms to issue alerts, share real-time updates, provide guidance and relief assistance information to the public. Emergency services companies can capitalize on this by offering customized community awareness programs, training modules and public engagement solutions. It is a viable opportunity to enlarge customer base and tap into a new revenue stream.

Market Trends: Adoption of GIS and Predictive Analytics is a Major Trend in Emergency Services Domain

With the proliferation of location-aware devices and IoT, emergency agencies are increasingly leveraging geographic information systems (GIS) to collate, visualize and analyze spatial data for improved situational awareness and evidence-based decision making. GIS mapping integrated with real-time data on calls, weather patterns, infrastructure vulnerability helps establish high-risk zones and deploy resources proactively. In addition, the application of predictive analytics leveraging ML/AI is an emerging trend that aid in areas like disaster forecasting, emergency response simulation, resource planning and mitigation strategy development. Vendors providing cutting-edge GIS and analytics platforms and services have been gaining more customers from both public and private sectors. This represents a key trend that will continually reshape the industry going forward.

The major players operating in the market include:

➱ IBM Corporation
➱ Witt O' Brien (SEACOR Holdings Inc.)
➱ Atos SE
➱ Hagerty Consulting
➱ West Central Environmental Consultants
➱ Willdan Group Inc.
➱ West Central Environmental Consultants
➱ Honeywell International Inc.
➱ Dewberry
➱ Hexagon AB
➱ Dynamiq Strategy Pty. Ltd
➱ HSS Inc.

These companies are focusing on new product development, partnerships, collaborations, and mergers and acquisitions to increase their market share and maintain their position in the market.

Detailed Segmentation:

U.S. Emergency Management Services Market, By End Use Industry

Federal Government
◘ Consulting Services
◘ Emergency Operation Services
◘ Training and Simulation Services
◘ Public Information Services

State & Local Government
◘ Consulting Services
◘ Emergency Operation Services
◘ Training and Simulation Services
◘ Public Information Services

Private Sector
◘ Consulting Services
◘ Emergency Operation Services
◘ Training and Simulation Services
◘ Public Information Services

Transportation and Logistics
◘ Road
◘ Rail
◘ Cargo

Utilities
◘ Power
◘ Water

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Frequently Asked Questions (FAQs):

➱ What are the key factors hampering growth of the U.S. Emergency Management Services market?
➱ What are the major factors driving the global U.S. Emergency Management Services market growth?
➱ Which is the leading component segment in the U.S. Emergency Management Services market?
➱ Which are the major players operating in the U.S. Emergency Management Services market?
➱ Which region will lead the U.S. Emergency Management Services market?
➱ What will be the CAGR of U.S. Emergency Management Services market?
➱ What are the drivers of the U.S. Emergency Management Services market?

Contact Us:

Mr. Shah
US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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