Incident and Emergency Management Market Size & Share, Growth, Scope, Challenges, Key Players, Overview and Forecast to 2026, Fortune Business Insights

(The Express Wire via Comtex)

The rising implementation of stringent public laws is a key factor driving the global incident and emergency management market, says Fortune Business Insights in a report, titled "Incident and Emergency Management Market Size", Share and Global Trend By System (Web-based emergency management, Traffic Management), By Solutions (Geospatial, Disaster recovery), By Service (Consulting, Design, and integration), By Simulation (Traffic systems, Hazard propagation tools), By Communication Tool and Device (First responder tools, Satellite phones), By Vertical (IT and Telecom, Government, Healthcare) and Geography Forecast till 2028.” The surge in the number of natural calamities and man-made disasters such as terror attacks is expected to contribute significantly to the global incident and emergency management market.

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According to the report, the rising extension of human intrusion into hazard-prone areas and surge in acts of terrorism, and possibilities of natural disaster are factors expected to boost the global incident and emergency management market revenue during the forecast period. In addition, the growing awareness regarding the environment and natural disasters will enable the growth of the global incident and emergency management market.

The report highlights recent innovations and development in the global incident and emergency management market. The study emphasizes various growth Strategies to assist companies operating in the incident and emergency management market. This is intended at offering them a competitive edge.

Some of the Major Players In The Global Incidence And Emergency Management Market Include:

  • Esri Inc.
  • Honeywell International Inc.
  • IBM Corporation
  • Motorola Solutions, Inc.
  • Lockheed Martin
  • Rockwell Collins, Inc.
  • and Intergraph Corporation

Key Market Driver

  • Rising need for security due to increased natural disasters and terrorist attacks
  • Strict Government laws for emergency preparedness and security measures

Key Market Restraint

  • Lack of knowledge of the advantages of the incidence and emergency management system may affect the global market growth.

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Implementation of Strict Laws for Effective Disaster Management Will Favor Growth in Market

The rising implementation of stringent public laws and shifting focus of countries towards disaster management measures to deal with unfavorable occurrences are expected to aid the growth of the global incident and emergency management market. The surge in the number of natural calamities and human-made disasters like terror attacks has led to the adoption of adequate incident and emergency management systems. This factor is expected to accelerate the growth of the global incident and emergency management market during the forecast period.

Furthermore, the launch of ArcGIS Excalibur is predicted to contribute positively to the global incident and emergency management market growth. For instance, Esri Inc., the worldwide leader in location intelligence, has published a centered web application namely ArcGIS Excalibur, which provides organizations to handle and monitor all duties, metrics or performance linked to imagery necessary to make informed choices and understanding situations. In addition, higher deployment and maintenance expenses with the use of advanced technology for attacks by terrorist organizations are expected to further augment the growth of the global incident and emergency management market.

Key Industry Developments

  • May 2021 -Esri Inc., the worldwide leader in location intelligence, has published a centered web application namely ArcGIS Excalibur, which provides organizations to handle and monitor all duties, metrics, or performance linked to imagery necessary to make informed choices and understanding situations.
  • March 2021 Ohio City and County adopt Motorola’s incidence and emergency management Solutions to sea-based services.

North America Expected to Offer Lucrative Opportunities for Growth

The Incident and emergency management market in North America is expected to grow at a remarkable pace owing to the management of capacity for real-time traffic analysis. In the U.S., incident and emergency management systems are extensively used, and numerous projects are conducted to protect people from terrorist attacks and natural disasters. Asia-Pacific is one of the emerging markets owing to the rising research and development investments in the incident and emergency management market to protect citizen’s safety and security. The surge in terror and bio-hazard attacks have resulted in the adoption of advanced technological alternatives. The government has also invested heavily in training special army soldiers to deal with such incidents. Countries such as China and India are taking security and precautionary steps to protect people from terror and bio-hazard attacks. These factors will further stimulate growth in the Asia Pacific.

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Segmentation

1. By System

  • Web-based emergency management system
  • Emergency/Mass Notification System
  • Traffic Management System
  • Inventory/database management system
  • Safety management system
  • The remote weather monitoring system
  • Earthquake warning system
  • Surveillance system

2. By Solutions

  • Geospatial solution
  • Disaster recovery solution
  • Situational awareness solution

3. By Service

  • Consulting services
  • Design and integration service
  • Training and education services
  • Support and maintenance

4. By Simulation

  • Traffic simulation systems
  • Hazard propagation simulation tools
  • Incident and evacuation simulation tools

5. By Communication Tool and Device

  • First responder tools
  • Satellite phones
  • Vehicle-ready gateways

6. By Vertical

  • Banking, Financial Services, and Insurance
  • IT and Telecom
  • Government
  • Healthcare
  • Education
  • Travel and Hospitality
  • Defense
  • Transportation and logistics
  • others

7. By Geography

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)
  • Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)

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Major Table of Content ForIncident and Emergency ManagementMarket:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Incident and Emergency Management Market analysis, Insights and Forecast,2028
  6. North America Incident and Emergency Management Market analysis, Insights and Forecast,2028
  7. Europe Incident and Emergency Management Market analysis, Insights and Forecast,2028
  8. Asia Pacific Incident and Emergency Management Market analysis, Insights and Forecast,2028
  9. The Middle East and Africa Incident and Emergency Management Market analysis, Insights and Forecast,2028
  10. Latin America Incident and Emergency Management Market analysis, Insights and Forecast,2028
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact Analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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