Crisis, Emergency, and Incident Management Platforms Market Forecast to Grow at 6.5% CAGR, Achieving $180 Billion Valuation by 2034

In 2019, the svalue of crises emergency and incident management platforms market worldwide was around US$ 67,132.1 million. Developing dependable solutions to assist businesses in anticipating and responding to climate-related disasters is the main objective of developers of crises emergency and incident management platforms.

In 2020 and 2021, the use of crisis management systems skyrocketed in response to the Covid-19 pandemic's spike in events. According to the industry study research on crises emergency and incident management platforms, the market's expected net worth in 2024 is US$ 96,232.1 million.

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The software used in emergency operations centers is getting smarter and more capable every day because to the combination of artificial intelligence (AI) and predictive analytics. Crisis decision support systems are anticipated to enhance event preparation by proactive insights, early warning systems, and predictive modeling through the application of such cutting-edge technology.
Web-based emergency management platforms' recent advancements have strengthened the market outlook

To improve emergency medical care platforms, crisis management systems are also being strengthened using components of simulation and epidemic modeling. These platforms aid in the decision-making and worst-case planning of health care personnel in the event of medical emergencies.

Government agencies utilize crisis management platforms with advanced monitoring and analysis tools since social media is the most common source of information during catastrophes. Similar to this, commercial organizations and enterprises need platforms that facilitate cross-functional coordination in order to ensure a coordinated response and departmental collaboration during times of crisis.

Key Companies Profiled
• Honeywell International Inc.
• Intergraph Corporation
• Lockheed Martin Corporation
• Environmental System Research Institute, Inc.
• Motorola Solution Inc.
• Guardly
• Rockwell Collins, Inc.
• Iridium Communication Inc.
• Siemens AG

In 2024, the total market value of crises emergency management platforms in China, Japan, and South Korea is anticipated to reach around US$ 35,124.7 million. With an average compound annual growth rate of 7%, these three East Asian nations, which account for 36.5% of the worldwide market share, are predicted to grow until 2034. The need for crisis management solutions in Asian nations is underscored by the recent interruptions to supply chains, which are exacerbated by global events.

With the greatest uptake of incident response and management platforms-which are projected to have a market worth of US$ 23,849.7 million in 2024-China is the leading nation in East Asia. Chinese makers of incident monitoring systems are concentrating increasingly on products that help companies identify, assess, and respond to disruptions in the supply chain. The country's market for crisis, emergency, and incident management systems is expected to grow at a 7.2% annual growth rate (CAGR) until 2034, ending with a valuation of US$ 47,771.4 million.

With a market worth of just $8,465.1 million in 2024, Japan is predicted to expand at a faster rate until 2034-that is, 7.5% annually. Because resilience planning is being prioritized more in this nation prone to earthquakes and tsunamis, a number of end users are using disaster recovery management platforms. By the end of 2034, the overall value of this regional market is anticipated to reach US$ 17,421.7 million, based on the performance of all crises emergency and incident management platform service providers in Japan.

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Recent Development

Hexagon AB purchased Qognify, a leading provider of physical security systems and corporate event management software, in December 2022. With this acquisition, Hexagon AB, a well-known player in the field of digital reality solutions that combine software, sensors, and autonomous technologies, hopes to grow its clientele.

Key Segments Covered by Crisis Emergency and Incident Management Platform Market Survey Report
• By Service Type:
o Consulting
o Emergency Operation Center (EOC) Design and Integration
o Training and Simulation
o Public Information Services
• By System and Platform:
o Web-based Emergency Management Software
o Geospatial Technology
o Emergency Notification Service
o Surveillance System
o Hazmat Technology
o Backup and Disaster Recovery System
o Earthquake or Seismic Warning System
o Traffic Incident Management
o Remote Weather Monitoring System
o Database Management Systems (DB MS)
• By Communication Technology:
o First Responder
o Satellite Phone
o Vehicle Ready Gateway
o Emergency Response Radar
• By End User:
o Banking, Finance Services, and Insurance (BFSI)
o Energy and Utility
o Healthcare and Life Science
o Government and Defense
o Aviation, Hospitality
o Transportation and Logistics
o Telecom and Information Technology (IT)
o Other End User
• By Region:
o North America
o Europe
o Latin America
o East Asia
o South Asia & Oceania
o The Middle East & Africa (MEA)

This growth underscores the critical role these platforms play in enhancing organizational resilience and preparedness. As industries and governments prioritize safety and rapid response, the demand for advanced management solutions will continue to rise, paving the way for innovation and development in this sector.

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This release was published on openPR.