Global Incident and Emergency Management Market By System (Web-Based Emergency Management, Mass Notification, Surveillance System, and Safety Management), Solution, Service, Simulation, Communication Tool and Device, Industry Vertical, By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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The Global Incident and Emergency Management Market is expected to reach USD 133.70 billion by 2025, from USD 87.19 billion in 2017, growing at a CAGR of 5.50% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Some of the major players operating in the global incident and emergency management market are :-
- IBM (US),
- NEC Corporation (Japan),
- Hexagon (Sweden),
- Esri (US),
- NC4 (US),
- Intermedix Corporation (US),
- Eccentex (US),
- The Response Group (US),
- Haystax Technology (US),
- Alert Technologies (US),
- Crisisworks (US),
- EmerGeo (US),
- Veoci (US), and MissionMode (US).
- Accenture (Ireland),
- TRC Companies, Inc.(U.S.),
- Earlyalert (U.S.)
- among others.
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Incident management is a type of management which helps in restoring quality service operation to reduce the adverse impact on users as well as the organisations. Incident management normally deals with incident response team (IRT), an incident management team (IMT) and Incident Command System (ICS) while emergency market is that type of market which is preferred in daily usage of life for risk avoidance.
Major Market Drivers and Restraints:
- Advancements in emergency management technologies
- Increase in government regulations and norms
- Need to avoid the huge monetary losses due to disasters
- Rising terrorist and biohazardous attacks
- Incident and emergency management is often prioritized low due to political factors
The global incident and emergency management market is segmented based on system, solution, service, simulation, communication tool and device, industry vertical and geographical segments.
- Based on system
- Based on geography
The global incident and emergency management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of incident and emergency management market for global, Europe, North America, Asia Pacific and South America.
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