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Key Trends Influencing the Growth of the Artificial Intelligence In Disaster Response And Emergency Management Market in 2025: Artificial Intelligence Solutions Transforming Disaster Response And Recovery Efforts
Artificial Intelligence In Disaster Response And Emergency Management
What Is the Expected CAGR for the Artificial Intelligence In Disaster Response And Emergency Management Market Through 2025?
In recent times, the market size for artificial intelligence in disaster response and emergency management has seen considerable growth. The market, which is set to be worth $140.96 billion in 2024, is projected to increase to $154.22 billion by 2025, demonstrating a compound annual growth rate (CAGR) of 9.4%. The historic growth period is linked to a variety of factors including a rise in the occurrence and intensity of disasters, advancements in the field of artificial intelligence (AI), cost-saving and efficiency benefits, extensive integration and availability of data, and mandatory government and public safety regulations.
What's the Projected Size of the Global Artificial Intelligence In Disaster Response And Emergency Management Market by 2029?
The market size for artificial intelligence in disaster response and emergency management is projected to significantly increase in the upcoming years. It is anticipated to expand to $219.86 billion in 2029, bolstered by a compound annual growth rate (CAGR) of 9.3%. The surge in the estimated period can be ascribed to the influence of AI-enabled robotics and drones, synergy with smart cities, the effects of climate change, and the employment of AI- steered predictive analytics. The period in question will also witness trends like the combination of AI with disaster recovery strategies, proliferation of IoT and sensor networks, inception of AI-fuelled predictive analytics, appropriation of AI-assisted robotics and drones, and the collaboration of smart cities with AI for disaster management.
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Top Growth Drivers in the Artificial Intelligence In Disaster Response And Emergency Management Industry: What's Accelerating the Market?
The escalation in the regularity and intensity of catastrophic events is predicted to stimulate the expansion of artificial intelligence in the sector of disaster response and emergency management. Disasters represent abrupt, devastating incidences that inflict considerable damage and disturbance to communities, environments, and economic structures. The regularity and harshness of these catastrophes are propelled by an intricate correlation of natural events, human endeavors, and the adverse effects of climate change. Artificial intelligence in disaster response and emergency management is implemented to scrutinize extensive data derived from multiple sources in order to provide instantaneous insights, forecast disaster repercussions, streamline the allocation of resources, and enhance decision-making processes during crises. For example, in April 2022, as reported by EOS Data Analytics Inc., a non-governmental organization based in the U.S., there were 321 confirmed fatalities, 595 severe injuries, and upward of 10,000 minor injuries from a recent natural disaster recorded in official reports. In addition, it is estimated by the government that about 73,874 individuals have been relocated, with over 62,000 homes suffering damage. Consequently, the escalating regularity and intensity of catastrophes is enhancing the growth of artificial intelligence in disaster response and emergency management.
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What Trends Will Shape the Artificial Intelligence In Disaster Response And Emergency Management Market Through 2029 and Beyond?
Leading firms in the artificial intelligence for disaster response and emergency management markets are creating innovative AI-driven recovery solutions, like AI Property, to enhance the evaluation process. AI Property, a sophisticated AI solution, offers homeowners the ability to rapidly evaluate and report physical damage to their properties incurred from natural disasters via a mobile-optimized application, thereby accelerating insurance claims and restoration procedures. For example, in January 2022, Tractable, a US-based software company, collaborated with Verisk, an American analytics firm, to launch AI Property. This ground-breaking tool facilitates rapid assessment of home damage post-natural disasters. Homeowners can leverage this AI-powered solution, which allows them to quickly evaluate property damage by uploading photos to Tractable's platform. The AI, which has been trained on a database of claims, can deliver damage assessments to insurers within 24 hours, transforming a process that previously used to take months.
What Are the Main Segments in the Artificial Intelligence In Disaster Response And Emergency Management Market?
The artificial intelligence in disaster response and emergency management market covered in this report is segmented -
1) By Type: Natural Language Processing (NLP), Machine Learning, Computer Vision, Robotics, Speech Recognition
2) By Technology: Remote Sensing, Internet of Things (IOT) Sensors, Geographic Information Systems (GIS), Drones And Unmanned Aerial Vehicles (UAVs), Cloud Computing, Big Data Analytics
3) By Application: Earthquake Prediction And Monitoring, Flood Detection And Management, Wildfire Monitoring And Prediction, Hurricane And Cyclone Tracking, Tsunami Early Warning Systems, Search And Rescue Operations, Damage Assessment And Recovery Planning
4) By End-User: Government Agencies And Authorities, Non-Governmental Organizations (NGOs), Research Institutions And Universities, Disaster Response Teams, Emergency Management Agencies
Subsegments:
1) By Natural Language Processing (NLP): Text Analysis And Summarization, Sentiment Analysis, Chatbots For Emergency Support
2) By Machine Learning: Predictive Analytics For Disaster Preparedness, Disaster Pattern Recognition, Risk Assessment Models
3) By Computer Vision: Damage Detection And Assessment, Surveillance And Monitoring, Object Recognition in Affected Areas
4) By Robotics: Autonomous Search And Rescue Drones, Robotic Disaster Response Units, Robotics For Hazardous Material Handling
5) By Speech Recognition: Voice-Based Emergency Response Systems, Voice Command Systems For Crisis Management, Emergency Call Management Systems
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Which Top Companies are Driving Growth in the Artificial Intelligence In Disaster Response And Emergency Management Market?
Major companies operating in the artificial intelligence in disaster response and emergency management market report are Amazon Inc.; Alphabet Inc.; Microsoft Corporation; Huawei Technologies Co. Ltd.; Deloitte Touche Tohmatsu Limited; Hitachi Ltd.; Siemens AG; Raytheon Technologies Corporation; Intel Corporation; accenture* PLC; International Business Machines Corporation; Cisco Systems Inc.; General Dynamics Corporation; Northrop Grumman Corporation; Honeywell International Inc.; NVIDIA Corporation; BAE Systems plc; Thales Group; NEC Corporation; Leidos Holdings Inc.; Booz Allen Hamilton Holding Corporation; Motorola Solutions Inc.; Teledyne Technologies Incorporated; Palantir Technologies Inc
Which Regions Will Dominate the Artificial Intelligence In Disaster Response And Emergency Management Market Through 2029?
North America was the largest region in the artificial intelligence in disaster response and emergency management market in 2024. The regions covered in the artificial intelligence in disaster response and emergency management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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