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Incident and Emergency Management Industry Analysis, Size, Share, Growth, Trends Forecasts 2023
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According to Market Research Future Analysis, incident and emergency management market has been valued at approximately USD 115 Billion by the end of forecast period with approx. 5% of CAGR during forecast period 2017 to 2023. Mass notification system is expected to account for highest market share owing to increased need of operational awareness among enterprises is driving the need for mass communication system. It offers dynamic service to users by sending thousands of alert messages to employees in seconds along with precautionary measures. By communication tool and device segment, satellite phone accounts for highest market share as it offers excellent service by efficient transfer of data and voice over phone. The increasing number of terror attacks, changing climatic condition and bio-hazard is driving the incident and emergency management market.
The segmentation on the basis of solution includes geospatial technologies solution, hazmat solution, disaster recovery solution and situational awareness solution. Geospatial technologies solution offers dynamic technologies solution such as internet mapping technologies, remote sensing, geographic information system and global positioning system. Mobile mapping technologies is widely adopted by public safety agencies and emergency medical service providers. It offers cost effective regional and nationwide map options.
The prominent players in the incident and emergency management market-Honeywell International Inc. (U.S.), Siemens Ag (U.S.), Motorola Solutions, Inc. (U.S.), Lockheed Martin (U.S.), Rockwell Collins, Inc. (U.S.), Frequentis (Austria), Intergraph Corporation (U.S.), Esri (U.S.), Metricstream (U.S.), Intermedix Corporation (U.S.), among others.
Then global incident and emergency management market has been segmented on the basis of communication tool & device, professional service, simulation, solution, system, vertical, and lastly region. The communication tool & device segment has been further segmented into emergency response radar, first responder tool, professional service, satellite phone, and vehicle ready gateway (cellular/Global Positioning System (GPS)/Wi-Fi). On the basis of professional service, this market has been segmented into consulting, emergency operation center (EOC) design and integration, public information services and training.
The simulation-based segmentation of the market covers hazard propagation simulation tool, incident and evaluation simulation tool, and traffic simulation system. On the basis of the solution, the market has been segmented into Chemical, biological, radiological and nuclear defense (CBRNE)/hazardous materials (HAZMAT) solution, disaster recovery solution, geospatial technology solution, situational awareness solution.
The system-based segmentation covers application system, emergency notification system/mass notification system, surveillance system, and a web-based emergency management system. The vertical segment has been sub-segmented into aviation, banking, financial services and insurance (BFSI), energy & utilities, government & defense, healthcare & life sciences, hospitality IT & telecommunication, manufacturing, transportation & logistics, and others.
Latest Industry News
- 22 AUG 2018: A federal appeals court has struck down the Environmental Protection Agency’s latest attempt to delay the Obama-era Chemical Disaster Rule.
- 23 AUG 2018: More than 500 personnel from 20 agencies participated in a major exercise to test Sydney's response to a flight disaster at Sydney Airport.
GET MORE INFO ABOUT REPORT @ https://www.marketwatch.com/press-release/incident-and-emergency-management-market-2018-global-trends-share-industry-size-growth-pportunities-and-industry-forecast-to-2022-2018-10-25
The regional segmentation of the global incident and emergency management market segments the market into regional markets namely North America, Asia Pacific, Europe, Latin America, Middle East & Africa (MEA). Due to increasing terror attacks, the presence of key market players, and natural disasters, the market is growing in the North America region. The government has invested in the incident and emergency management owing to the occurrence of many international events such as the Syria war. Most of the key players in the market are based in the United States of America (USA).
During the forecast period, Asia Pacific is expected to emerge as the fastest growing market. In this region, factors that are driving the market include the increasing adoption of incident and emergency management techniques. In Japan, children are trained to deal with disaster management at the school level, and they learn the basic tips on how to react during a disaster situation, especially earthquakes and tsunamis.
In Europe, the investment in incident & emergency management started at a high level after the 7/7 bomb blasts of 2005 in the United Kingdom (UK). It grew significantly after the 2010 volcano eruption in Eyjafjallajökull region of Ireland. The MEA region is a small market due to lack of awareness, lack of education and lack of technological development.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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