Incident And Emergency Management Market Estimated to Expand at a Robust CAGR by 2027 from kranti's blog

Market Highlights

The growth prospects of theIncident And Emergency Management Market Trends 2020 seem considerably high as it can reach an approximate valuation of USD 115 Billion by 2023, reports Market Research Future (MRFR). The market expansion is set to be at a rate of 5% between 2017 and 2023 (which is the review period).

 Segmentation:

The primary segments listed in the report are solution, system, professional service, simulation, communication tool and device as well as industry vertical.

The solution types covered are CBRNE/hazmat solution, Geospatial technology solution, situational awareness solution and disaster recovery solution.

 System-wise market segments are emergency notification system/mass notification system, web based emergency management system, application system and surveillance system.

The professional services available in the market are emergency operation center (EOC), consulting, training, public information service and design and integration.

Simulation-dependent segments are incident and evaluation simulation tool, hazard propagation simulation tool, traffic simulation system, and others.

The market segmentation, with respect to communication tool and device, comprises satellite phone, first responder tool, emergency response radar and vehicle-ready gateway (GPS/ Cellular/Wi-Fi).

Industry vertical making extensive use of incident and emergency management services are government and defense, IT & telecommunication, transportation and logistics, energy and utilities, BFSI, hospitality, manufacturing, aviation, healthcare and life-science, among others.

Top Drivers and Main Restraints

It is impossible to prevent natural disasters by mere human efforts, however incident and emergency management is the best option for limiting any type of loss after such an event. This holds true since incident and emergency management helps the personnel prepared to tackle these kinds of events effectively and systematically, resulting in less panic among civilians. Incident and emergency management market component types such as solutions including HAZMAT, perimeter intrusion detection, and emergency/mass notification system are observing huge demand across a broad range of industries, which can mean bright future prospects.

The market’s tremendous growth pace is also the result of the rapid formation of stringent government regulations all over the world. Countries across the globe are enforcing strict rules that pertain to disaster management policies, with the aim to ensure the readiness of the organizations during untoward events. A majority of enterprises provide training to their employees, boosting the awareness with regard to incidents like fire as well as natural disaster among others. Companies are also installing a vast array of safety devices to mitigate such hazards. All these efforts by government and organizations can translate to considerable growth for the incident and emergency management industry during the evaluation period.

The world today is not safe from various terrorist attacks, which forces government authorities to impose stricter and more advanced incident and emergency management systems. Various countries like India, France and the U.K have formed special military groups to handle these incidents, whereas organizations are using the services of professional agencies to train their employees about the procedures needed to be followed.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/3248         

Regional Study

The regional study of the market for incident and emergency management includes Asia Pacific or APAC, Europe, North America, and the Rest of the World or RoW.

Taking into account the increasing pace of natural disasters along with the surge in terrorist attacks, the North American market for incident and emergency management can note emergence of profitable opportunities in the approaching years. The rapid increase in smart cities also boosts the demand for intelligent surveillance and evacuation systems, which boosts the growth of the regional industry. The government in the U.S. and Canada are increasingly installing massive number of CCTV cameras to ensure safety of the public, which is yet another factor that promotes the market growth for incident and emergency management in the region.

The APAC market can record the fastest expansion rate in the years ahead, on account of the growth in natural disasters like earthquakes, tsunamis, cyclones, as well as surge in terrorist attacks. The market also observes frequent technological advancements, and a rise in the number of strict regulations enforced by the government, which compels organizations to deploy the best-in-class mechanics for disaster management. Japan, India and China are undoubtedly the biggest gainers in the regional market for incident and emergency management. India is projected to spend close to USD 120 billion in the improvement of airport infrastructure as well as aviation navigation services in the next decade, making it a country with high growth potential in the regional market.

Significant Participants

Significant industry participants are Metricstream (U.S.), Motorola Solutions, Inc. (U.S.), Frequentis (Austria), Siemens AG (U.S.), Rockwell Collins Inc. (U.S.), Honeywell International Inc. (U.S.), ESRI (U.S.), Intergraph Corporation (U.S.), Lockheed Martin (U.S.), Intermedix Corporation (U.S.),  

Browse Complete Report @ https://www.marketresearchfuture.com/reports/incident-emergency-management-market-3248

Global Incident and Emergency Management Market, By Solution (Geospatial Technology Solution, CBRNE/Hazmat Solution, Situational Awareness Solution), By System (Simulation Systems), By Professional Service (Training, Consultant), - Forecast 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com


Previous post     
     Next post
     Blog home

The Wall

No comments
You need to sign in to comment