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Incident and Emergency Management Market by System, Solution, Service, Simulation, Communication Tool and Device, Industry Vertical And Region - Global Forecast to 2023

Incident and Emergency Management Market: Global Forecast until 2023

  • March 2018
  • 166 pages
  • ID: 4208109
In this report:
APAC is expected to be the second highest revenue generating market during the forecast period; the region is estimated to be USD ##,##.## million in 2018 and reach USD ##,##.## million by 2023, at a CAGR of ##.##% during the forecast period.
Europe is expected to hold ##.##% of the market in 2018 and estimated to grow at the CAGR of ##.##% during the forecast period.

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Increasing incidents of natural disasters are forecast to steer the incident and emergency management market

The incident and emergency management market size is forecasted to grow from ~$93.4B in 2018 to ~$122.9B by 2023, at a Compound Annual Rise rate of 5.60 percent during the forecast period. The incident and emergency management market is influenced by many factors, including growing terrorist and biohazardous attacks, growing incidents of natural disasters, stringent government regulations and norms, and a need to prevent the huge monetary losses due to disasters.

As well, disconnection between the disaster risk reduction policy and the emergency management practice and hardware infrastructure is prone to a single point of failure are the biggest challenges for the incident and emergency management system, solution, and service providers.

The surveillance system is projected to have the largest portion of market share in the incident and emergency management market in 2018

The surveillance system is forecasted to dominate the systems segment in terms of contribution to the global market, as it is extensively used by government organizations as well as enterprises in monitoring and providing information about real-time situations during an emergency or incident.

Government and defense sector vertical is anticipated to hold the largest part of market share in the incident and emergency management market during the outlook period

Government and defense market vertical is anticipated to hold the biggest market share in the incident and emergency management market during the estimate period. Government organizations act as first responders during an emergency or critical incident, and thus employ all kinds of advanced incident and emergency management systems and tools.

Asia-Pac is anticipated to record the maximum growth rate during the outlook period

Asia Pacific (APAC) includes main economies, including India and China (CN), which are quickly deploying incident and emergency management systems, solutions, and services.This is primarily due to an increased need to secure people from natural and manmade disasters.

Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period. Additionally, North America (NA) is forecasted to have the biggest industry size during the outlook period.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the incident and emergency management marketspace.

• By company category: Tier 1: 34.0 percent, Tier 2: 26.0 percent, and Tier 3: 40.0 percent

• By description: C-suite: 64.0 percent, D-level: 24, Grade of manager: 12.0 percent

• By area: North America continent: 28.0 percent, Europe (EU): 23.0 percent, Asia-Pac: 36.0 percent, and RoW: 13.0 percent

The main incident and emergency management vendors contain IBM (NYSE:IBM), NEC (Nichiden TYO:6701), Hexagon, Esri, NC4, Intermedix Corporation, Eccentex, The Response Group, Haystax Technology, Alert Technologies, Crisisworks, EmerGeo, Veoci, and MissionMode. The market research includes exhaustive competitive study of these top actors in the incident and emergency management market, with their company descriptions, latest developments, and key industries strategies.

Segment Research

The industry report includes the incident and emergency management market by several segments.It aims at evaluating the market value and the future increase potential of this market, across several segments, including system, solution, service, simulation, communication tool and device, market vertical, and area.

Moreover, the study also comprises a detailed competitive analysis of the top players in the sector, together with their company descriptions, main observations associated to product and business offerings, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on the best approximations of the revenue data for the global incident and emergency management market and the sub-segments.This industry report will facilitate partners distinguish the competitive landscape and obtain additional insights to better option their businesses and to plan suitable go-to-market approaches.

The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

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