Incident and Emergency Management, Global Market Estimated to Perceive Accrued Value with a Staggering CAGR

Pune, India, January 30, 2018/MRFR Press Release/- Market Research Future published a half cooked research report on “Global Incident and Emergency Management Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

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, are profiled in Market Research Future analysis and are at the forefront of competition in the global incident and emergency management market.

Incident and Emergency Management Global Market   - Overview

The Incident And Emergency Management market size is projected to grow from USD 144.1 billion in 2024 to USD 213.0 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2024 - 2032).

The incident and emergency management refers to group of people who are appointed to share the information, coordinate and communicate in an occurrence of an event or incident and emergency situation. The management system indicates that a mass notification is expected to play a major part in incident and emergency management market. The rising terror attacks and occurrence of unpredictable natural calamities are the key factor driving the incident and emergency management market. Government initiatives in reducing harmful activities is playing the key role in incident and emergency management market. Satellite phone as a communication device accounts for highest market share in the market. The increasing product and solution technology in preventing enterprise valuable assets is expected to grow rapidly. While there are some restraints, that may hamper the market includes lack of awareness about the benefits of this system is affecting the market growth.

Industry News:

January 2018, Airbus DS Communications Expands Offerings for Business Continuity, Risk and Incident Management, Lone Worker Safety. Airbus DS Communications, announced new technology partnerships for incident and risk management, business continuity, disaster recovery and lone worker safety. Collaborations with industry-leading companies in these areas enhance the VESTA portfolio, bringing greater value to Airbus DS Communications’ client base.

January 2018, Macau | Gov't signs agreement with Guangdong Province for emergency management of nuclear power station accidents. The Macau SAR Unitary Police Service (SPU) announced that it has signed an agreement with Guangdong province for co-operation in the emergency management of nuclear power station accidents. The agreement stipulates that in the event of any nuclear incident in the nuclear power plants operating in Guangdong province, its authorities will notify the MSAR in a timely fashion about the incident emergency level according to the International Nuclear Accident Scale. The scale range from 0 to 7 following the four states of nuclear emergency of the People’s Republic of China, namely, emergency preparedness, factory emergency, emergency inside the plant and emergency outside the plant. The warning would allow MSAR authorities a level of greater diligence in taking the necessary steps to prepare for a possible nuclear incident.

Incident and Emergency Management Global Market - Segmentation

Segmentation by Solution: Geospatial technology solution, CBRNE/hazmat solution, disaster recovery solution, situational awareness solution

Segmentation by System: web based emergency management system, emergency notification system/mass notification system, surveillance system, and application system

Segmentation by Professional Service: consulting, emergency operation center (EOC), design and integration, training, and public information service

Segmentation by Simulation: traffic simulation system, hazard propagation simulation tool, incident and evaluation simulation tool

Segmentation by Communication Tool and Device: first responder tool, satellite phone, vehicle-ready gateway (Cellular/GPS/Wi-Fi), emergency response radar

Segmentation by Industry Vertical: BFSI, aviation, energy and utilities, government and defence, healthcare and life-science, manufacturing, IT & telecommunication, transportation and logistics, hospitality among others

Segmentation by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Incident and Emergency Management Global Market -

Regional Analysis

The geographical analysis of incident and emergency management market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. The increase in number terror attacks across the world and natural disaster are the factors driving the market in North America. The government investment in incident and emergence management owing to occurrence of many international events is one of the significant factor driving the market growth. Asia‐Pacific region is expected to be the fastest growing market due to the increasing adoption of incident and emergency management techniques in developed countries.