Incident and Emergency Management Market Development Trend, Industry Structure, Manufacturing and Consumption, Outlook and Forecast 2020-2025

The Global report on “Incident and Emergency Management Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

Get Free Sample Research Copy @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=270671

MarketsandMarkets forecasts the global pre COVID 19 incident and emergency management market size expected to grow from USD 114.8 billion in 2020 to USD 156.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.4% and post COVID 19 incident and emergency management market size expected to grow from USD 117.2 billion in 2020 to USD 156.1 billion by 2025, at a CAGR of 5.9%during the forecast period. Major growth drivers for the market include increase in criminal activities and terrorist attacks, and occurrence of unpredictable natural disasters due to the ever-changing climatic conditions.

Attractive Opportunities in the Incident and Emergency Management Market

COVID 19 IMPACT

Increasing number of corona virus cases has overall impacted numerous lives which has led to several fatalities, and has affected the economic structure globally. Due to this pandemic situation various states and local governments have provided emergency relief funds for small businesses in the form of interest-free loans or grants to small businesses affected by COVID-19.The National Voluntary Organizations Active in Disaster (National VOAD) created the Disaster Agency Response Technology (DART), a platform that allows member agencies to coordinate disaster case management, track donations, manage volunteers, and perform other tasks online. Esri is following a principle of Respond, maintain continuity, and reopen to fight against the spread of COVID 19. The company is offering  valuable insights through maps and Geographic Information Systems (GIS) to assist organizations respond to the crisis, continue wissth business of operations, and support the process of reopening.

MARKET DYNAMICS

Driver: Growth in criminal activities and terrorist attacks

9/11, 26/11, and other subsequent attacks around the world catalyzed various significant iterations in counter-terrorism. Individuals have become more concerned about the plan of actions applicable during emergency situations due to the rising insecurity around the world as there is an increase in terrorist attacks and criminal activities. The plan of actions contains procedures to deal with emergency events, such as HAZMAT accidents, civil unrest, or even intentional attacks. There are several terrorist attacks, such as explosive attacks, chemical attacks, toxic industrial chemical/material attacks, classical war agents, biological attacks, local attacks, pandemic attacks, radiological attacks, and nuclear attacks. Terrorists are increasingly turning toward these transnational organized crimes to generate funding and acquire logistical support for carrying out cross-border terrorist activities and other violent acts to harm the public and citizens

Restraint: False alarm rates

False alarm rates have become a restraining factor for the growth of incident and emergency management market. These alarms reduce the effectiveness of incident and emergency management solutions, making users lose confidence in these solutions. This can lead to the ignoring of real alarms. Outdoor perimeter intrusion detection systems are mainly prone to false alarms. These systems are also unable to operate in environments subject to weather changes as well as harsh weather conditions, such as fog, rain, and wind. These alarms can become part of the background noise of a dysfunctional security system and can negatively affect the accountability of the entire security system. In addition, false alarms misdirect and lead personnel to undermine the reliability of the security system.

Opportunity: Technological advancements in communications infrastructure

Companies have been continuously working on new technologies, such as crowdsourcing, NG9-1-1, early warning systems, Q-Rad tools, tsunami apps, sophisticated early warning systems, advanced communication technologies, geospatial solutions, and simulation tools and solutions, which would help in planning, preparing, and mitigating emergencies. These new technological innovations and services provide an edge for the growth of the incident and emergency management market.

Challenge: High installation and maintenance costs for SMEs

Although the implementation of incident and emergency management solutions enhances business profitability in the long run, it is costly to deploy and maintain, which impacts the adoption rate of standardized incident and emergency management solutions. The cost incurred by SMEs for the installation of video surveillance, detection sensors, and controllers is high. Hence, owing to their budget limitations, SMEs often deploy cheap and low-cost incident and emergency management solutions, such as low camera resolutions and low detection ranges, thereby compromising security protection against attacks, thefts, and criminal activities. Furthermore, it leads to false alarms. Hence, high installation and maintenance cost acts as a challenge for SMEs in the incident and emergency market.

KEY MARKET PLAYERS

Honeywell (US),Lockheed Martin (US), Motorola Solutions (US), Siemens (Germany), NEC Corporation (Japan),  IBM (US), Hexagon (Sweden),  and  Esri (US)

FAQs:

What is the definition of Incident and emergency management?

Incident and emergency management systems provide physical response to emergency response, fire, and Hazardous Material (HAZMAT) teams in case of disasters caused by earthquakes, hurricanes, epidemics, explosions, floods, terrorist attacks, and other devastating events—through the deployment of first responders and their equipment.

What is the market size of Incident and emergency management market?

The global pre COVID 19 incident and emergency management market size expected to grow from USD 114.8 billion in 2020 to USD 156.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.4% and post COVID 19 incident and emergency management market size expected to grow from USD 117.2 billion in 2020 to USD 156.1 billion by 2025, at a CAGR of 5.9%during the forecast period.

What are the key dynamics of the Incident and emergency management market?

The incident and emergency management solutions are gaining traction due to the increase in natural and man-made disaster over the past few years. The incident and emergency management services are flourishing, and organizations are creating innovative systems and tools to help first responders and general public during the time of emergencies.Growing concern for public safety and security, increasing awareness of these solutions for business continuity, increasing implementation of Internet Protocol (IP)-based notification devices, and increase in the adoption of Bring Your Own Device (BYOD) devices are some of the factors driving the growth of the incident and emergency management market. The extensive demand in the energy and utilities vertical and need for end-to-end crisis communication are expected to create new avenues for the growth of incident and emergency management market in the next 5 years

Who are the key market players in the Incident and emergency management market?

Honeywell, Lockheed Martin, Motorola Solutions, Siemens, NEC Corporation, Collins Aerospace, IBM, Hexagon, and Esri are some of the key market players in the incident and emergency management market.  Environmental Systems Research Institute, Inc. (Esri). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, product enhancements, partnerships, and mergers and acquisitions.

What are the different types of Incident and emergency management solutions that are included in the report?

Based on solution, the incident and emergency management market is segmented into web-based emergency management system, emergency/mass notification system, disaster recovery and business continuity, perimeter intrusion detection, geospatial, and fire and HAZMAT.

More information about Discount offers (20% or More)  @ https://www.reportsnreports.com/contacts/discount.aspx?name=270671

About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.
We provide 24/7 online and offline support to our customers.

E-mail: [email protected]

Phone: +1 888 391 5441

Share This Post

Post Comment