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Disaster Preparedness Systems Market Trends That Will Shape the Next Decade: Insights from Disaster Preparedness Market Growth Through Advanced Technologies and Innovative Solutions
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Disaster Preparedness Systems Market Size By 2025?
In the past few years, the market size for disaster readiness systems has made significant strides. It is projected to rise from $201.83 billion in 2024 to $217.35 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.7%. The historic growth of this market can be credited to several factors such as the escalating frequency of natural calamities, rising severity of these disasters, increasing perception of risk, a surge in crime and terrorism, and elevated risks of disasters.
How Big Is the Disaster Preparedness Systems Market Size Expected to Grow by 2029?
The market size of disaster preparedness systems is anticipated to witness substantial growth in the coming years, scaling to $294.9 billion by 2029 with a compound annual growth rate (CAGR) of 7.9%. The growth projection for the period is driven by factors such as surging urbanization, an increasing number of governmental policies, escalating economic losses, augmenting regulatory measures for public safety, and a rising inclination towards technologically progressive disaster readiness systems. The market trend for this forecast period involves technological advancements, collaborations with local bodies, a growing number of governmental initiatives, concerns over brand image and corporate social responsibility, and investments in infrastructure.
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Which Key Market Drivers Powering Disaster Preparedness Systems Market Expansion and Growth?
The escalation in the occurrence of natural disasters is anticipated to fuel the expansion of the disaster preparedness system market in the future. A natural calamity brings about severe adverse effects on people and communities due to naturally occurring hazards such as earthquakes, hurricanes, floods, among other phenomena. The disaster preparedness system serves to mitigate the occurrence of natural calamities through the provision of different solutions and tools to individuals, organizations, and communities, enabling them to efficiently brace for, respond, and recover from such mishaps. For example, the National Oceanic and Atmospheric Administration, a government agency based in the U.S., reported that in 2022, the U.S. experienced 18 distinct weather and climate disasters, each amounting to at least $1 billion. On the other hand, in 2023, the U.S. witnessed 28 separate weather and climate calamities, each amounting to a minimum of $1 billion. Consequently, the surge in the frequency of natural disasters is propelling the growth of the disaster preparedness system market.
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Which Fast-Growing Trends Are Poised to Disrupt the Disaster Preparedness Systems Market?
Firms that are key players in the market for disaster preparedness systems are concentrating on the development of innovative items, such as disaster recovery portfolio solutions, in order to maintain their market stance. A disaster recovery portfolio solution encapsulates an exhaustive suite of policies, instruments, and procedures that are deployed to recuperate or maintain operations of indispensable IT infrastructure, software, and systems following a naturally occurring or man-made catastrophe. For instance, in March 2023, the Chinese tech company, Huawei Technologies Co. Ltd., unveiled their Storage and Optical Connection Coordination (SOCC), an integrated disaster recovery portfolio solution. This solution is engineered to address service loss and assure rapid recovery of operations. SOCC is the inaugural solution in the industry to amalgamate storage and optical networks to provide a cohesive disaster recovery portfolio solution. It's primarily aimed at mitigating data loss and preventing business disruptions during disasters such as earthquakes or fires.
What Are the Emerging Segments in the Disaster Preparedness Systems Market?
The disaster preparedness systemsmarket covered in this report is segmented -
1) By Type: Emergency Or Mass Notification System, Surveillance System, Safety Management System, Earthquake Or Seismic Warning System, Disaster Recovery And Backup Systems, Other Types
2) By Solutions: Geospatial Solutions, Disaster Recovery Solutions, Situational Awareness Solutions
3) By Services: Training And Education Services, Consulting Services, Design And Integration Services, Support And Maintenance Services
4) By Communication Technology: First Responder Tools, Satellite Phones, Emergency Response Radars, Vehicle-Ready Gateways, Other Communication Technologies
5) By End-use: Banking, Financial Services And Insurance (BFSI), Energy And Utilities, Aerospace And Defense, Manufacturing, Information Technology (IT) And Telecom, Public Sector, Transportation And Logistics, Healthcare, Other End-uses
Subsegments:
1) By Emergency Or Mass Notification System: Alert And Warning Systems, Public Address Systems, Mobile Alert Systems
2) By Surveillance System: Video Surveillance Systems, Remote Monitoring Systems, Access Control Systems
3) By Safety Management System: Incident Management Systems, Risk Assessment Tools, Safety Audit And Compliance Tools
4) By Earthquake or Seismic Warning System: Ground Motion Sensors, Early Warning Systems, Data Analysis And Visualization Tools
5) By Disaster Recovery and Backup Systems: Data Backup Solutions, Business Continuity Planning Tools, Cloud Disaster Recovery Solutions
6) By Other Types: Training And Simulation Tools, Emergency Response Planning Software, Resource Management Systems
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Who Are the Global Leaders in the Disaster Preparedness Systems Market?
Major companies operating in the disaster preparedness systems market report are Siemens AG, The Lockheed Martin Corporation, Airbus SE, International Business Machines Corporation, Honeywell International Inc., Johnson Controls International plc, NEC Corporation, Asahi Kasei Corporation, Eaton Corporation, Motorola Solutions Inc., Kumho Petrochemical Co. Ltd., Kuraray Co.Ltd., JSR Corporation, Avient Corporation, Denka Company Limited, Lee Chang Yung Chemical Industry Corp., Blackboard Inc., Everbridge Inc., OnSolve LLC, Singlewire Software LLC, Juvare, Alertus Technologies LLC, CrisisGo Inc.
Which are the Top Profitable Regional Markets for the Disaster Preparedness Systems Industry?
North America was the largest region in the disaster preparedness systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disaster preparedness systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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