Incident and Emergency Management Market

According to a research report "Incident and Emergency Management Market by Component (Solutions (Emergency/Mass Notification, Perimeter Intrusion Detection, and Fire and HAZMAT), Services, and Communication Tools and Devices), Vertical and Region - Global Forecast to 2027" published by MarketsandMarkets, the global incident and emergency management market will grow from an estimated USD 121.4 billion in 2022 to USD 163.6 billion by 2027, at a compound annual growth rate (CAGR) of 6.2%. The increased natural disasters are expected to boost the market. Moreover, disparities in costs of incident and emergency management systems may hinder the market growth.

Browse 357 market data Tables and 45 Figures spread through 307 Pages and in-depth TOC on "Incident and Emergency Management Market by Component (Solutions (Emergency/Mass Notification, Perimeter Intrusion Detection, and Fire and HAZMAT), Services, and Communication Tools and Devices), Vertical and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/incident-emergency-management-market-1280.html

By solution, emergency/mass notification to account for the largest market size during forecast period

The solution includes various software and applications for chats, instant messages, terminal emulators, and file transfer programs for the seamless delivery of notifications and alerts. The emergency/mass notification solution enables organizations to quickly inform the masses in a particular area, building, or commercial installation about the occurrence of an emergency and the most likely action that should be taken. The mass notification system sends alerts through cell phone notifications, apps, emails, and texts to notify the masses individually and reduce the panic and chaos among them. The system can further help propagate messages, advising rescue and relief agencies and law enforcement agencies about the due course of engagement during an emergency. There has been a heightened demand for MNS to protect, alert, and inform people in an emergency. Mass notification systems are designed to protect, alert, and inform resources and people with critical alerts (natural disasters, HAZMAT) when it matters most.

By vertical, energy and utilities to grow at the highest CAGR during forecast period

A natural disaster is a global phenomenon that severely impacts people and resources. Such adverse events have a major impact on energy and utilities companies and cause disruptions in their services, creating significant ripple effects. The energy and utilities vertical comprises thermal, nuclear, solar, wind, and hydropower plant infrastructure, which are of acute importance to the country. Hence, these vertical plays a major role in the growth of various developing and developed countries.

Business alerts and notifications related to power outages, work shifts, and workflow management are also provided by incident and emergency management solutions, specifically in the energy and utilities sector, for streamlining business operations and enabling robust business continuity. These solutions further help emergency and security teams to execute evacuation or emergency management activities more efficiently.

By region, North America to account for the largest market size during forecast period

The global incident and emergency management market is dominated by North America, which is considered the most advanced region in terms of the adoption of advanced incident and emergency management technologies. In recent years, this region has been increasingly exposed to man-made disasters, such as terrorist attacks, strikes and protests, and chemical attacks. These issues have pushed the region to adopt incident and emergency management solutions and services. Post the terrorist attacks; the DoD issued stringent norms related to the installation and management of mass notification systems in industrial enterprises, public installations, and defense installations. Most of the US law enforcement agencies, such as federal agencies, the Marine Corps, the US army, and defense, have deployed mass notification systems for instant intelligent alerts and better and quick response management. Governments are focusing on incidents and emergency management in their countries. For example, the Government of Canada is extending the use of its incident management system Long-Term Care Table mandate, which is also expected to drive the growth of the incident and emergency management market.

Key Players

The major vendors in the incident and emergency management market are Honeywell (US), Lockheed Martin (US), Motorola Solutions (US), Siemens (Germany), NEC (Japan), IBM (US), Hexagon (Sweden), Collins Aerospace (US), Esri (US), LTIMindtree (India), Johnson Controls (Ireland), Alert Technologies (US), Everbridge(US), The Response Group (US), Haystax Technology (US), MetricStream (US), BlackBerry (Canada), Eaton (Dublin), Veoci (US), Noggin (Australia), 4C Strategies (Sweden), Resolver (Canada), ARCOS (US), Juvare (US), LogicGate (US), and OnSolve (US).

Don’t miss out on business opportunities in Incident and Emergency Management Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]