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Disaster Preparedness Systems Global Market Report 2024 - By Size, Share, Demand, Trends, Outlook By 2033
Disaster Preparedness Systems Market
The Business Research Company presents an extensive market research report on the Disaster Preparedness Systems Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The disaster preparedness systems market size has grown strongly in recent years. It will grow from $184.66 billion in 2023 to $201.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increasing frequency of natural disasters, increasing frequency and severity of natural disasters, growing risk perception, escalating incidences of criminal and terrorist activities,heightened disaster risks.
The disaster preparedness systems market size is expected to see strong growth in the next few years. It will grow to $283.18 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to rising urbanization, growing number of government policies, rising economic losses, rising regulatory policies for population safety, growing adoption of technologically advanced disaster preparedness systems. Major trends in the forecast period include technological advancements, partnerships with local entities, increasing number of government initiatives, brand reputation and corporate social responsibility, investments in infrastructure.
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Key Market Players:
Major companies operating in the disaster preparedness systems market report are Siemens AG, The Lockheed Martin Corporation, Airbus SE, International Business Machines Corporation, Honeywell International Inc., Johnson Controls International plc, NEC Corporation, Asahi Kasei Corporation, Eaton Corporation, Motorola Solutions Inc., Kumho Petrochemical Co. Ltd., Kuraray Co.Ltd., JSR Corporation, Avient Corporation, Denka Company Limited, Lee Chang Yung Chemical Industry Corp., Blackboard Inc., Everbridge Inc., OnSolve LLC, Singlewire Software LLC, Juvare, Alertus Technologies LLC, CrisisGo Inc.
Market Drivers:
The rise in the frequency of natural disasters is expected to propel the growth of the disaster preparedness system market going forward. A natural disaster is a highly harmful impact on a society or community following a natural hazard like earthquakes, hurricanes, floods, or other natural events. The disaster preparedness system helps to reduce the frequency of natural disasters by providing various solutions and tools to communities, organizations, and individuals to prepare for, respond to, and recover from disasters more effectively. For instance, according to the National Oceanic and Atmospheric Administration, a US-based government agency, in 2022, the U.S. encountered 18 distinct weather and climate disasters, each with a cost of at least $1 billion, while in 2023, the U.S. faced 28 separate weather and climate disasters, each with a cost of at least $1 billion. Therefore, the rise in the frequency of natural disasters is driving the growth of the disaster preparedness system market.
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https://www.thebusinessresearchcompany.com/report/disaster-preparedness-systems-global-market-report
The disaster preparedness systems market covered in this report is segmented -
1) By Type: Emergency Or Mass Notification System, Surveillance System, Safety Management System, Earthquake Or Seismic Warning System, Disaster Recovery And Backup Systems, Other Types
2) By Solutions: Geospatial Solutions, Disaster Recovery Solutions, Situational Awareness Solutions
3) By Services: Training And Education Services, Consulting Services, Design And Integration Services, Support And Maintenance Services
4) By Communication Technology: First Responder Tools, Satellite Phones, Emergency Response Radars, Vehicle-Ready Gateways, Other Communication Technologies
5) By End-use: Banking, Financial Services And Insurance (BFSI), Energy And Utilities, Aerospace And Defense, Manufacturing, Information Technology (IT) And Telecom, Public Sector, Transportation And Logistics, Healthcare, Other End-uses
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