Press release
Surge in the Incident And Emergency Management Market: Insights, Growth Drivers, and Projected Market Size
Incident And Emergency Management Market
What Is The Projected Market Size Of The Global Incident And Emergency Management Market And Its Growth Rate?
The Incident and Emergency Management market size is witnessing swift expansion:
•The market size reached $181.96 billion in 2024 and is forecasted to reach $210.02 billion in 2025 with an impressive compound annual growth rate (CAGR) of 15.4%.
•Market growth in the historic period was due to response initiatives towards incidents, infrastructure vulnerabilities, a shift to integrated systems, population growth, urbanization, and cybersecurity threats.
•By 2029, the market is projected to see a significant jump to $396.67 billion with an expected CAGR of 17.2%.
•Real-time data analytics, integration of GIS and mapping, the impact of climate change, global health crises preparedness, cybersecurity threat management are the drivers for the forecasted growth period.
What Is Driving The Growth In The Incident And Emergency Management Market?
Growth in the Incident And Emergency Management Market is driven by an increasing number of criminal activities and terrorist attacks. Activities classified under criminal activities are those that violate federal, state, county criminal laws irrespective of the level of a criminal conviction's proof. Terrorism includes threats such as organized terrorism in conflict zones, foreign terrorist fighters, radical lone wolves, and attacks using CBRNE materials. The Vision of Humanity reported that the U.S accounted for 76% of terrorism-related deaths among Western democracies in 2023. In 2022, the Islamic State and its affiliates remained the deadliest terrorist group for the eighth consecutive year while carrying out attacks in 21 countries. Such increases in criminal and terrorist activities have been propelling the growth of the incident and emergency management market.
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Who Are the Key Players Driving Incident And Emergency Management Market Growth?
Key players leading the growth in the Incident And Emergency Management market include:
•Honeywell International Inc.
•The Lockheed Martin Corporation
•Motorola Solutions Inc.
•Siemens AG
•NEC Corporation
•Collins Aerospace
•IBM Corporation
•Hexagon AB
•Esri Inc.
•Alert Technologies
•The Response Group
•Everbridge Inc.
•Juvare
•Haystax Technology
•Veoci
•RapidDeploy
•Send Word Now
•Blackboard Connect
•Singlewire Software
•Rave Mobile Safety
•CodeRED
•Regroup Mass Notification
•CrisisGo
•Agility Recovery
•MissionMode
•Everstream Analytics
•RiskLogic Sydney
•Witt O'Brien's
•BOLDplanning
What Are The Key Trends In The Incident And Emergency Management Market?
Key trends that will be shaping the market in the near future include:
•Integration of command and control systems
•Use of artificial intelligence (AI) and predictive analytics
•Mobile and remote access solutions
•Community-centric approach
•Resilience and risk assessment via cloud-based platforms
What Are The Segments Of The Global Incident And Emergency Management Market?
The global Incident And Emergency Management Market can be segmented based on:
1)Component: Solution, Services, Communication System
2)Simulation: Traffic Simulation Systems, Hazard Propagation Simulation Tools, Incident And Evacuation Simulation Tools
3)System: Web-Based Emergency Management System, Emergency Or Mass Notification System, Traffic Management System, Safety Management System, Disaster Recovery And Backup Systems, Other Systems
4)Vertical: Commercial And Industrial, IT And Telecom, Energy And Utilities, Healthcare And Life Sciences, Defense And Military, Transportation And Logistics, Government And Public Sector, Other Verticals
Which Region Leads The Incident And Emergency Management Market?
North America dominated the incident and emergency management market in 2024. However, the fastest-growing region in the forecast period is expected to be Asia-Pacific. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Incident And Emergency Management Market Global Market Report?
Market Size Analysis: Analyze the Incident And Emergency Management Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Incident And Emergency Management Market for effective categorization.
Key Player Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Incident And Emergency Management Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Incident And Emergency Management Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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