Global Incident and Emergency Management Market (2021-2026) by System, Solutions, Services, Communication System, Vertical, Simulation, Geography and the Impact of COVID-19 with Ansoff Analysis

The Global Incident and Emergency Management Market is estimated to be USD 122.3 Bn in 2021 and is expected to reach USD 167.5 Bn by 2026, growing at a CAGR of 6.5%.

In the last few decades, terrorist attacks have constantly been increasing across the globe. This fuels the need for the deployment of effective surveillance and notifications systems for public safety. On the contrary, the occurrence of unpredictable natural disasters and the use of advanced technologies by terrorist groups are some of the major factors that restrain the growth of this market. High installation and maintenance costs for small & medium scale enterprises and issues related to the frequency of false alarms are also the challenges that can hamper the market growth.

However, developing countries, such as India and China, are heavily investing in upgrading their infrastructure. The Government has also imposed certain strict regulations to ensure proper implementation of emergency preparedness and safety measures, which drive the adoption of these systems. Many countries have installed a mass number of CCTV cameras for the public safety of their region. Countries such as the U.K., India, and France are forming special military groups to handle such incidents, while many organizations have been engaging their services for giving training to their employees on the procedures that to be followed during such incidents. All these factors help in boosting the growth of the incident and disaster management market.

Market Dynamics

Drivers

• Growth in Criminal Activities and Terrorist Attacks
• The Occurrence of Unpredictable Natural Disasters due to the Ever-Changing Climatic Conditions

Restraints

• False Alarm Rates
• Insider Threat Programs Aid in Incident Detection at Government and Private Sector Organizations

Opportunities

• Technological Advancements in Communications Infrastructure
• Situational Awareness Tools bring Equal Value to Daily and Emergency Operation
• The proliferation of Social Media Platforms

Challenges

• Hardware Infrastructure is Prone to a Single Point of Failure
• High Installation and Maintenance Costs For SMEs
• Wrong Functioning of Sensors in Early Warning Systems

Segments Covered

By System, Surveillance System is expected to witness the highest growth rate during the forecast period. Surveillance is very important during times of crises such as epidemics, natural calamities, accidents, and conflicts. It provides accurate, timely, and relevant information to drive the required decisions and interventions during a disaster. It helps identify the risk factors and aims to reduce or avoid the losses that occurred from the hazards and, therefore, help drive the growth of the Global Incident and Emergency Management Market.

By Solutions, The Fire and HAZMAT solutions are projected to hold the largest market size during the forecast period. These solutions help in detecting and assessing the chemical, nuclear, radiological, and explosive materials. Various devices are used for hazardous material monitoring in public and private places and also send alarms in case of any emergency and threats. The technological advancements in GPS-enabled devices, tablet integration, and wireless connectivity helps in preventing loss occurred by the disaster. These solutions are majorly adopting by various verticals such as Government, defense, industries, and commercial enterprises and thus helps in increasing the growth of the market.

By Services, the Consulting Services is expected to grow at the highest CAGR during the forecast period. These services involve planning, designing, developing, preparing technological consultation for natural and man-made disasters, and providing end-to-end consulting services for emergency management. These services ensure the increased realization of benefits and enable proactive risk management with better alignment of program objectives to achieve business goals and thus help boost the Global Incident and Emergency Management Market.

By Communication System, First responder tools segment is expected to grow at a higher rate during the forecast period. This is due to the availability of all the technological devices such as a smartwatch, wearable camera, Ultra High Frequency (UHF) and Very High Frequency (VHF) radios, land mobile radios, smartphones, etc. It helps in assisting the departments in providing early aid or action during an emergency. With the help of these tools, the first responders can easily send the data back to a command center so that it can be accessed easily.

By Vertical, Commercial and Industrial segment is projected to grow at the highest CAGR during the forecast period as these segments are more prone to disasters and emergencies. Commercial and industrial verticals include retail, manufacturing, construction, automotive, and real estate sectors, which are more prone to man-made disasters such as fire, explosion, failure of equipment, and power outage. The incident and emergency management solutions will help inform and warn the people regarding possible natural disasters, building evacuations, power outages, accidents, weather information, fire outbreaks, and criminal activities in buildings or commercial space. Hence this creates great importance and led to the growth of the market in the future.

By Simulation, Traffic Simulation Systems is expected to witness the highest market share during the forecast period. Certain software solutions are available in the market that helps provide early accident detection, provide real-time traveler information, enable quick response and timely dispatch of emergency services at the incident area. It also helps in improving road safety and real-time traffic control. These are some of the factors that drive the growth of the Global Incident and Emergency Management Market.

By Geography, North America is expected to hold the largest market size during the forecast period because of the high focus on innovations obtained from Research and Development (R&D) and technology. The Government in this region is exceedingly adopting advanced solutions and services to protect public assets from disasters. The APAC region is also expected to be the fastest-growing region in this market, as the Government and various organizations in these regions are spending more on emergency and disaster management systems to protect their people from disasters.

The Global Incident and Emergency Management Market is segmented based on System, Solutions, Services, Communication System, Vertical, Simulation, and Geography.

Global Incident and Emergency Management Market, By System

• Introduction
• Mass Notification System
• Surveillance System
• Traffic Management System
• Safety Management System
• Earthquake / Seismic Warning System
• Disaster Recovery & Backup System
• Others

Global Incident and Emergency Management Market, By Solutions

• Introduction
• Web-Based Emergency Management System
• Emergency/Mass Notification System
• Disaster Recovery and Business Continuity
• Perimeter Intrusion Detection
• Geospatial Solutions
• Fire and Hazmat

Global Incident and Emergency Management Market, By Services

• Introduction
• Consulting Services
• Design and Integration Services
• Training and Simulation Services
• Support & Maintenance Services
• Public Information Services

Global Incident and Emergency Management Market, By Communication Systems

• Introduction
• First Responder Tools
• Satellite Assisted Equipment
• Vehicle-Ready Gateways
• Emergency Response Radars

Global Incident and Emergency Management Market, By Verticals

• Introduction
• Commercial and Industrial
• Energy and Utilities
• Healthcare and Life Sciences
• Education
• Defense and Military
• BFSI
• Transportation and Logistics
• Government
• Others

Global Incident and Emergency Management Market, By Simulations

• Introduction
• Traffic Simulation Systems
• Hazard Propagation Simulation Tools
• Incident and Evacuation Simulation Tools

Global Incident and Emergency Management Market, By Geography

• Introduction
• North America
• South America
• Europe
• Asia Pacific
• The Middle East and Africa

Company Profiles

Some of the companies covered in this report are Honeywell International Inc., Lockheed Martin Corporation, Motorola Solutions Inc., Siemens AG, NEC Corporation, Alert Technologies Corporation, Collins Aerospace, IBM Corporation, The Response Group LLC, Everbridge Inc., Haystax Technology Inc., MetricStream Inc., Resolver Inc., Singlewire Software LLC, Johnson Controls Ireland Limited, BlackBerry Limited, Eaton Corporation PLC, LogicGate Inc., Veoci Inc., and Juvare LLC.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance Score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Lions: Represents companies with a strong foothold in the market, with the highest market share, large investments in technologies, new products.
Bulls: Companies that are medium in size competing with their USPs, growing companies with proven market share.
Rabbits: Small companies but growing rapidly, constantly improving their offerings in the market.
Tortoise: Companies that are slow in growth, having a long legacy, and stable or negative in performance.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Incident and Emergency Management Market.
• The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using Competitive Quadrant, Infogence’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

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