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Key Trends Influencing the Growth of the Incident And Emergency Management Market in 2025: Revolutionizing Emergency Management The Role Of Artificial Intelligence In Driving Technological Breakthroughs
Incident And Emergency Management Market
What Is the Expected CAGR for the Incident And Emergency Management Market Through 2025?
The size of the incident and emergency management market has experienced rapid expansion in the recent past. The market is forecasted to inflate from $181.96 billion in 2024 to $210.02 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 15.4%. The historical growth of the market is linked to experiences drawn from previous incidents, susceptible infrastructures, transition towards integrated systems, an escalating population, urbanization, and threats related to cybersecurity.
What's the Projected Size of the Global Incident And Emergency Management Market by 2029?
In the coming years, the market size for incident and emergency management is predicted to experience significant growth. The market is estimated to expand to $396.67 billion by 2029, with a compound annual growth rate (CAGR) of 17.2%. Factors contributing to this surge during the forecast period include real-time data analytics, GIS and mapping integration, consideration of climate change impacts, global health crises readiness, and addressing cybersecurity risks. Notable trends for the period forecasted are the implementation of integrated command and control systems, application of AI and predictive analytics, solutions for mobile and remote access, a community-centric focus, as well as resilient and risk-assessment cloud-based platforms.
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Top Growth Drivers in the Incident And Emergency Management Industry: What's Accelerating the Market?
The surge in criminal and terrorist acts is a crucial force fueling the expansion of the incident and emergency management market. Violent criminality, as defined by criminal laws at federal, state, or county levels, can occur irrespective of arrests or the necessity for proof commensurate with a criminal conviction. Terrorism, encompassing a wide variety of complex threats such as organized terrorism in war-torn areas, foreign terrorist crusaders, radicalized solitary attackers, and strikes involving chemical, biological, radiological, nuclear, and explosive components. The trend of terrorism is increasingly localized, shrinking into territories already burdened with violent disagreements. For example, as per the Vision of Humanity, an Australian NGO, the US constituted 76% of fatalities resulting from terrorism within Western democracies in 2023, coinciding with a 15-year dip in incident occurrences. Moreover, in 2022, the Islamic State (IS) and its partners retained the position of the world's most lethal terrorist organization for the eighth year in a row, executing assaults in 21 nations. This escalation is due to the continuous development of ransomware strategies and the focus on high-profit sectors, such as healthcare and construction. As such, the growing frequency of criminal and terrorist incidents will persist as a driving force for the incident and emergency management market.
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What Trends Will Shape the Incident And Emergency Management Market Through 2029 and Beyond?
Key advancements in technology form the leading trends within the incident and emergency management market. Forecasted market growth in the forthcoming years will be driven by these breakthroughs, opening new avenues for emergency management procedures. The comprehensive scope of artificial intelligence in computer science resides in developing smart machines capable of carrying out tasks generally needing human intelligence. Artificial intelligence (AI) provides the capability to generate, transmit, and comprehend emergency-related data for superior crisis decision-making. AI holds the potential to predict, evaluate, and simulate scenarios in emergency management to expedite response times and streamline resource distribution systems. For instance, in May 2022, the city of Los Angeles (California, USA) inked a contract to utilize the One Concern platform. This platform uses artificial intelligence for analytical disaster assessment and computed damage projections, bestowing upon each part of the city a unique, verifiable 'digital fingerprint'. This monitors the entire system, keeping track of the impacts of disasters and climate change on a location.
What Are the Main Segments in the Incident And Emergency Management Market?
The incident and emergency management market covered in this report is segmented -
1) By Component: Solution, Services, Communication System
2) By Simulation: Traffic Simulation Systems, Hazard Propagation Simulation Tools, Incident And Evacuation Simulation Tools
3) By 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) By 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
Subsegments:
1) By Solution: Software Solutions, Hardware Solutions
2) By Services: Consulting Services, Training And Education Services, Managed Services
3) By Communication System: Public Alert Systems, Emergency Notification Systems, Command And Control Systems
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Which Top Companies are Driving Growth in the Incident And Emergency Management Market?
Major companies operating in the incident and emergency management market are 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
Which Regions Will Dominate the Incident And Emergency Management Market Through 2029?
North America was the largest region in the incident and emergency management market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the incident and emergency management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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