Crisis Management Software Market Share Analysis 2024: Leading Players and Market Strategies

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Crisis Management Software Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $6.94 Bn In 2028 At A CAGR Of 7.1% :

The crisis management software market size has grown strongly in recent years. It will grow from $4.92 billion in 2023 to $5.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing concerns about global security, increasing complexity of supply chains, the escalating threat of cyberattacks, public and private sector collaboration, growing awareness about the importance of crisis preparedness.

The crisis management software market size is expected to see strong growth in the next few years. It will grow to $6.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to the proliferation of mobile devices, organizations prioritize business continuity planning, growing organizational complexity demands, government initiatives promoting crisis preparedness. Major trends in the forecast period include rise in the development and utilization of mobile applications, integration of internet of things (IoT) devices, blockchain for security, user-friendly interfaces, predictive analytics.

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Crisis Management Software Market Major Segments
The crisis management software market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Application: Business Continuity, Risk Assessment And Analysis, Emergency Notification System, Training And Simulation, Family Reunification, Other Applications
5) By Vertical: Government And Defense, Healthcare, Information Technology (IT) And Telecommunication, Banking, Financial Services And Insurance (BFSI), Energy And Utility, Education, Other Verticals

Key Driver - Rising Frequency Of Natural Disasters Fuels Growth Of Crisis Management Software Market

Growing occurrences of natural disasters are expected to propel the growth of the crisis management software market going forward. Natural disasters are catastrophic events that can cause widespread destruction, loss of life, and significant disruption to everyday life. Human activities, including deforestation, land-use changes, and altering natural ecosystems, can increase susceptibility to certain natural disasters. Crisis management software expedites communication, streamlines emergency operations, and enhances decision-making, facilitating effective response strategies and mitigating the impact on affected regions. For instance, in January 2024, according to a report published by the National Centers for Environmental Information (NCEI), a US-based government agency, there were 28 confirmed weather and climate disaster events in the United States, each causing losses exceeding $1 billion. These events included one drought, four floods, 19 severe storms, two tropical cyclones, one wildfire, and one winter storm. Therefore, the growing occurrence of natural disasters drives the growth of the crisis management software market.

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Prominent Trend - The Emergence Of AI-Powered Incident Assistants

Major companies operating in the crisis management software market are increasing their focus on developing advanced solutions, such as AI-powered incident assistants, to gain a competitive edge in the market. This solution utilizes artificial intelligence algorithms and capabilities to assist in managing and responding to various incidents or emergencies. For instance, in February 2024, Blameless, a US-based software company, launched an AI-powered Incident Assistant feature. This feature is a transformative tool within the Blameless platform that provides immediate clarity on the status of incidents by condensing thousands of lines of communication into a concise overview in less than a second. It uses AI to automatically generate incident summaries that are easy, instant, and up-to-date, revolutionizing the approach to briefing responders and keeping non-technical stakeholders informed. Additionally, Blameless ensures privacy and compliance by keeping all incident data within its customers' enterprise accounts.

Crisis Management Software Market Players
Major companies operating in the crisis management software market are Lockheed Martin Corporation, International Business Machines Corporation, Honeywell International Inc., Motorola Solutions, Blackboard Inc., Everbridge Inc., AlertMedia, OnSolve, xMatters Inc., Resolver, ARCOS LLC, Agility Recovery, LogicGate, Eccentex Corporation, LiveSafe Inc., Juvare LLC, The Response Group Inc., CrisisGo Inc., RockDove Solutions, Crisis Management Solutions Inc., Regroup Mass Notification, Crisis Track, Bryghtpath LLC, RiskWatch International, Assurance Software, Rave Mobile Safety, Noggin, MissionMode Solutions Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the crisis management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crisis management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Crisis Management Software Market Report Structure
3. Crisis Management Software Market Trends And Strategies
4. Crisis Management Software Market - Macro Economic Scenario
5. Crisis Management Software Market Size And Growth
…..
27. Crisis Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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