The Incident and Emergency Management Market was valued around USD 116 billion in 2020 and is expected to grow at a CAGR of 6.4% over the forecast period (2021-2028).
The factors driving the growth of Incident and Emergency Management Market includes rising occurrence of natural calamities and terrorist attacks, increasing number of smart cities and growing demand for public safety and security systems around the world. Moreover, growing focus by manufacturer on developing early warning systems, geospatial solutions, and simulation tools, rise in the launch of innovative products and increase in Government’s budget on training special army for rescue missions during natural calamities, are some of the additional factors supplementing the Incident and Emergency Management Market size. In addition, the increasing investments by leading players on research and development, rapid urbanization, rising disposable incomes, improvements in the living standards and growing population growth rates, are further contributing towards the market growth.
However, growth of the Incident and Emergency Management Market is hindered due to high installation and maintenance costs of incident and emergency management systems.
The prominent players operating in the market are The Response Group, Siemens, Motorola Solutions, BlackBerry, Eaton, NEC Corporation, Accenture, Lockheed Martin, Johnson Controls and Hexagon, among others.
Based on System, the Traffic Management segment is predicted to grow at a significant CAGR during the forecast period
Strict regulations imposed by Governments to reduce road accidents and enhancing safety of people, are pushing growth of the segment.
Based on Vertical, the Healthcare segment is projected to expand at a remarkable CAGR over the forecast period
Growing adoption of emergency management solutions at multispecialty and community hospitals, is propelling growth of the segment.
Based on Region, the North American region is anticipated to hold the highest market share during the forecast period
Growing adoption of advanced technologies by manufacturers, rise in Government’s expenditure on the emergency management systems, increase in the launch of innovative products, improved living standards and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Key Development
- In 2019, Siemens developed an online cloud-based fire security program as Cerberus Portal. This product helps in moving information to the cloud using Cerberus Connect X300 utilizing scrambled transmission innovation and an underlying firewall.
Market Segmentation
Segmentation by System
- Web based emergency management
- Traffic Management
- Disaster Recovery
- Backup System
Segmentation by Communication
- First Responder Tools
- Satellite Phones
- Emergency Response Radars
Segmentation by Vertical
- IT and Telecom
- Government
- Healthcare
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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