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Increasing occurrence of unpredictable natural disasters and rising criminal activities and insurgency are some factors driving market revenue growth

VANCOUER, BC, CANADA, November 8, 2022 /EINPresswire.com/ -- The global incident and emergency management market size is expected to reach USD 226.93 Billion in 2030 and register a revenue CAGR of 7.0% over the forecast period, according to the latest report by Emergen. Increasing need for public safety and security systems and rising geographical threats and war-like situations are factors driving market revenue growth. An incident and emergency management system refers to a group of people who have been assigned to share, facilitate, and impart information in a crisis.

As a result of the global emergency scenarios brought on by the COVID-19 epidemic and the growing sophistication of cyberattacks, risk management optimization has quickly become one of the best countermeasures. To maintain business continuity, an organisation needs to establish its own risk management team. 90 websites belonging to the Ukrainian government came under attack on January 14, 2022, when hackers released ransomware-like harmful software. Numerous computers in the agencies were damaged as a result of these attacks, thus corporations and governments from different nations are using the expertise of their risk teams to make informed investments in risk technology. Generally speaking, risk management systems take preventative measures for potential emergencies in the future.

Key Incident and Emergency Management Market participants include Honeywell International, Inc., Lockheed Martin Corporation, Siemens, NEC Corporation, International Business Machines (IBM) Corporation, Motorola Solutions, Inc., Hexagon, Collins Aerospace, Larsen & Toubro Infotech Limited, Alert Technologies Corporation, The Response Group, and Veoci Inc.

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Incident and Emergency Management Market Size – USD 124.68 Billion in 2021, Market Growth – at a CAGR of 7.0%, Market Trends – Rising demand from the North American region

Some Key Highlights from the Report :

The consulting segment accounted for a significantly large revenue share in 2021 owing to continuous improvement in emergency planning services, consulting, and process development services

The first responder tools segment registered a significantly large revenue share in 2021. First responders include medical teams, police and security personnel, and fire departments, which use sophisticated communication devices that can be used during emergencies. High demand for various first responder tools, such as smart glass, smart watches, Terrestrial Trunked Radio (TETRA), Ultra High Frequency (UHF) and Very High Frequency (VHF), and land mobile radios, has boosted revenue growth of this segment.

The North America market accounted for largest revenue share in 2021 owing to rapid adoption of incident and emergency management in developed economies of North America. Countries, such as, the U.S. and Canada, are focusing on innovation obtained from Research & Development (R&D) and technology, which is expected to drive incident and emergency management market revenue growth during the forecast period..

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The Incident and Emergency Management Market research study of historical, current, and forecast estimations for each sector, segment, sub-segment, and regions. The new report is updated with the impact of the COVID-19 pandemic on the Incident and Emergency Management Market .

Emergen Research has segmented the global incident and emergency management market based on f system type, services, communication technology, simulation, vertical, and region:

System Type Outlook (Revenue, USD Billion, 2019–2030)
Web-based Emergency Management System
Mass Notification Systems
Perimeter Intrusion Detection
Disaster Recovery and Business Continuity
Geospatial
Fire and HAZMAT
Others

Services Outlook (Revenue, USD Billion, 2019–2030)
Consulting
Emergency Operations Center Design and Integration
Public information services
Training and Education
Support and Maintenance
Others

Communication Technology Outlook (Revenue, USD Billion, 2019–2030)
First Responder Tools
Satellite-Assisted Equipment
Vehicle-Ready Gateways
Emergency Response Radars
Others

Simulation Outlook (Revenue, USD Billion, 2019–2030)
Traffic Simulation Systems
Hazard Propagation Simulation Tools
Incident and Evacuation Simulation Tools
Others

Vertical Insights Outlook (Revenue, USD Billion, 2019–2030)
BFSI
IT and Telecom
Energy and Utilities
Healthcare and Life Sciences
Defense and Military
Transportation and Logistics
Others

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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States

Europe

China

Japan

Southeast Asia

India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

Key reasons to buy the Global Incident and Emergency Management Market report:

The latest report comprehensively studies the global Incident and Emergency Management market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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Questions Answered in the Incident and Emergency Management Market Research Report:

Who are the leading market players active in the Incident and Emergency Management Market ?

What would be the detailed impact of COVID-19 on the market?

What are the current trends that would influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the Incident and Emergency Management Market ?

What are the projections for the future that would help in taking further strategic steps?

About Emergen Research

Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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