Emergency management implements the principles of equal emphasis on prevention and emergency, normal and abnormal, and establishes a unified and efficient emergency information platform and builds a capable and practical professional emergency rescue team. It improves the emergency response plan system, improves emergency management laws and regulations, and strengthens emergency management propaganda and education. Incident and emergency management improve public participation and self-help capabilities and achieve the overall linkage of early social warning, social mobilization, rapid response, and emergency response.
The global incident and emergency management market size was stood at USD 109.8 billion in 2019 and projected to reach USD 174.04 billion by 2027, registering at a CAGR of 5.81% during the forecast period, 2020-2027. The growth of the market is driven by growing criminal activities and terrorist attacks and unpredictable natural disasters resulting from ever-changing climate conditions. Additionally, the formation of stricter government regulations by several countries concerning disaster management policies, to improve the readiness of each organization for such untoward incidents will spur the incident and emergency management market. The development of intelligent mitigation plans to minimize the response time and damage caused by both natural and man-made disasters will foster the growth of the incident and emergency management market. Further, the changing climatic conditions and an increase in the number of bio-hazardous and terrorist attacks and home violence will trigger the growth of the market.
Moreover, the use of technologically advanced systems for terror attacks will complement the global incident and emergency management market size in the forecast span. The growing rate of natural disasters and increasing terrorism threats are expected to foster global market growth. The surge in smart cities is estimated to drive the adoption of intelligent evacuation systems and surveillance systems, thereby boom the increase of incident and emergency management market. Furthermore, the sophisticated early warning systems and technological innovations are vital factors projected to influence the growth of the incident and emergency management market.
Natural disasters are abnormal events during the geographical environment’s evolution, but they have become one of the most important natural factors that hinder the development of human society. There are many natural disasters, including floods, droughts, typhoons, hail, blizzards, sandstorms, and other meteorological disasters. There are sudden disasters such as earthquakes, volcanic eruptions, mudslides, tsunamis, typhoons, tornadoes, floods, etc.; there are also gradual changes that gradually appear over a long period.
Fighting against natural disasters is an eternal topic of human survival and development. It is necessary to consciously handle the relationship between humans and nature to raise the awareness of disaster prevention and relief of the whole people and comprehensively improve the comprehensive disaster prevention and mitigation capabilities.
Globally, the absolute number of war deaths has been declining since 1946. According to United Nations, in 2017, worldwide there were more than 89,000 people died in the outbreak of armed conflict, and 19,000 people died in terrorist attacks and globally, the number of deaths attributed to terrorism falling to less than 19,000. The development of incident and emergency management promptly minimizes casualties and property losses, arrests terrorist and violent criminals as soon as possible, maintains social and political stability and security, and strives to ensure the smooth progress of reform globally.
Based on the component, the global incident and emergency management market classified into solutions, services, and communication systems. The communication systems are expected to capture the highest revenue share for the incident and emergency management market during the forecast period. The segment’s growth is primarily attributed to the upsurge in demand for communications systems such as alarms, emergency lighting, first responder tools, satellite assisted equipment, and other communication systems.
The solutions will witness a lucrative growth rate in the estimated period due to the decrease in the loss during any man-made or natural disaster.
Based on the solution, the global incident and emergency management market segregated into the disaster recovery and business continuity, web-based emergency management system, emergency/mass notification system, perimeter intrusion detection, geospatial, and Fire and HAZMAT. The Fire and HAZMAT segment held a higher market share in 2019 and expected to dominate the global incident and emergency management market by 2027. It is due to it helps in detecting and assessing chemical, biological, radiological, nuclear, and explosive materials.
The web-based emergency management system will grow at a significant CAGR in the forecast period owing to its help in risk management in landslide-related emergency preparedness.
Based on the services, the global incident and emergency management market segmented into consulting, emergency operation center design, training and simulation integration, and public information services. The training and simulation integration segment is expected to account for the largest share of the incident and emergency management market in 2019. It is due to the organizations provide professional services for the incident and emergency management and offer training on the use of simulation tools, such as hazard propagation simulation tools, traffic simulation systems, etc.
The consulting services will witness a significant CAGR over the forecast period. These services ultimately ensure the increased realization of benefits and enable proactive risk management and better alignment of program objectives and business goals.
Based on the communication system, the global incident and emergency management market segregated into first responder tools, satellite assisted equipment, vehicle-ready gateways, and emergency response radars. The first responder tools segment held for a higher market share in 2019 and will witness to gain maximum market revenue by 2027. It is attributable to the first responder tools used during emergencies, which include wearable devices such as smartwatch, smart glass, Terrestrial Trunked Radio (TETRA), wearable camera, land mobile radios, Ultra High Frequency (UHF) and Very High Frequency (VHF) radios.
The satellite assisted equipment segment is poised to witness significant growth over the forecast period. It is due to the rise in the number of emergency respondents’ adoption of satellite phones for communications during disaster relief.
Based on the simulation, the global incident and emergency management market categorized into hazard propagation simulation tools, traffic simulation systems, and incident and evacuation simulation tools. The pressure mode ventilator is projected to expand at a higher CAGR from 2020 to 2027. It is attributed to the hazard propagation simulation tools developed for the calculation tasks of safety and reliability analysis.
Based on the end-user industry, the global incident and emergency management market categorized into commercial and industrial, education, healthcare and life sciences, energy and utilities, defense and military, transportation and logistics, government, and others. The education segment will dominate the global incident and emergency management market by 2027. Due to these solutions ensure the safety and security of students and faculty, rise campus-wide efficiency, streamline institutional operations, improve building performance and comfort, and reduce operational expenses.
The energy and utilities accounted for the largest share of the incident and emergency management market in 2019 on account of employees’ safety, work status communicated, and collaboration to achieve the most effective solution for utilities; incidents can result in hefty fines and severe reputational damage.
Based on geography, the global incident and emergency management market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America estimated to witness the highest growth rate over 2020-2027. It is due to the full presence of key industry players offering incident and emergency management solutions and services. The region is majorly prepared for the emergency raised due to natural calamities and terrorist attacks.
The Asia Pacific will capture a prominent share of the incident and emergency management market by 2027. Due to the growing disaster management, terrorist and cyber-attacks in the region and the region are the world’s most disaster-prone regions.
Companies such as Honeywell, Lockheed Martin, Motorola Solutions, Siemens, NEC Corporation, Collins Aerospace, IBM, Hexagon, Esri, MissionMode, Alert Technologies, The Response Group, Everbridge, Juvare, Haystax Technology, Veoci, MetricStream, Noggin, LogicGate, 4C Strategies, Resolver, BlackBerry, Eaton, Blackboard, Desktop Alert, and OnSolve are the key players in the global incident and emergency management market.
By Component
By Solutions
By Services
By Communication Systems
By Simulation
By End-User Industry
By Region
Global Incident and Emergency Management Market
Emergency management is the science of complex systems and prevention and management of emergencies, normal and abnormal, and establishes an integrated and efficient emergency information platform and creates a competent and practical professional emergency rescue team.
Globally, the Incident and emergency management market size is valued at USD 116.12 billion in 2020 and will reach USD 174.04 billion by 2027.
The Incident and emergency management market is registering a CAGR of 5.81% during the forecast period, 2021-2027.
The occurrence of unpredictable natural hazards due to the dynamic climatic conditions and Growing criminal activities and terrorist attacks are the driving factors of the Incident and emergency management market.
Prevention, Preparedness, Response and Recovery are the elements of emergency management.
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