As estimated in this report, the global incident and emergency management market stood at USD 129.10 billion in 2023. Witnessing a tremendous rise during the period from 2024 to 2032, the revenue in this incident and emergency management market is expected to reach USD 221.84 billion by the end of the forecast period.
With the presence of a large pool of participants, the global incident and emergency management market is displaying a highly competitive business landscape, finds a new incident and emergency management market research report by Zion Market Research (ZMR). Honeywell International Inc., Siemens AG, Motorola Solutions, Inc., Lockheed Martin, and Rockwell Collins Incorporation are some of the key vendors of incident and emergency management across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the incident and emergency management market study.
Citing an instance, recently, Augusta Health decided to open an incident command office in the U.S. to counter the impact of Hurricane Florence via coordinating of communications in cases of emergency and fulfilling supply needs as well as staffing as the storm hits the region.
Rising Need To Counter Terrorist Activities To Boost Market Revenue
“Growing acts of terrorism across the globe have forced state authorities to strictly implement incident and emergency management systems and the move is likely to lead to the growth of incident and emergency management market in the years ahead,” says the author of this incident and emergency management market study. Apart from this, various firms have been engaging services of professional organizations for handling terrorist attacks as these anti-social activities can prove detrimental to the firm’s business along with adversely impacting its revenues. This, in turn, is likely to generate humungous demand for incident and emergency management market within a span of the next few years.
Low level of awareness about the benefits offered by incident and emergency management systems, however, can hinder the growth of the incident and emergency management market. Nevertheless, prolific demand for advanced products & services by various firms to avoid damage of company assets as well as loss of life is predicted to create a stream of growth opportunities for incident and emergency management market during the forecast timeline.
Growing Security Concerns To Support North America Maintain Dominance
Regionally, North America has been leading the worldwide incident and emergency management market and is anticipated to continue on the dominant position in the years to come, states the market study. Altering demographics in the U.S. and rising danger levels identified with terrorism along with various other security concerns are some of the key factors behind the dominance of the North America incident and emergency management market. The high number of market players being headquartered in North America is another significant factor that is supporting the growth of this regional incident and emergency management market. In addition, a plethora of smart city activities witnessed across the U.S are likely to generate lucrative opportunities for market players to expand their business in the region, thereby further multiplying the regional growth.
Incident and Emergency Management Market: Competitive Outlook
The report covers detailed competitive outlook including company profiles of the key participants operating in the global incident and emergency management market. Key players profiled in this report include:
- Honeywell International Inc.
- Siemens AG
- Motorola Solutions Inc.
- Lockheed Martin
- Rockwell Collins Inc.
- Frequentis
- Intergraph Corporation
- Esri
- Metricstream
- Intermedix Corporation
The global incident and emergency management market is segmented as follows:
By System
- Emergency/Mass Notification System
- Surveillance System
- Traffic Management System
- Safety Management System
- Earthquake/Seismic Warning System
- Disaster Recovery & Backup Systems
- Others
By Communication Technology
- First Responder Tools
- Satellite Phones
- Emergency Response Radars
- Vehicle-ready Gateways
- Others
By Service
- Training & Education Services
- Consulting Services
- Design & Integration Services
- Support & Maintenance Services
By Vertical
- BFSI
- Energy and Utilities
- Manufacturing
- Healthcare and Life Sciences
- Government and Defense
- Aviation
- Others
By Region
- North AmericaThe U.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
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