Incident and Emergency Management Global Market Opportunities and Strategies to 2034

This report describes and explains the incident and emergency management market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global incident and emergency management market reached a value of nearly $138.91 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.60% since 2019. The market is expected to grow from $138.91 billion in 2024 to $190.7 billion in 2029 at a rate of 6.54%. The market is then expected to grow at a CAGR of 6.03% from 2029 and reach $255.55 billion in 2034.

Growth in the historic period resulted from the rise in industrial accidents, increased investments by governments, growth in terrorism and security threats and expansion of health emergency management. Factors that negatively affected growth in the historic period were high initial investment costs and complex coordination.

Going forward, the increase in natural disasters, increased cyber threats, growth of smart cities initiatives and rising military and defense sector investments will drive the growth. Factor that could hinder the growth of the incident and emergency management market in the future include budget constraints, complex IT environments and impact of trade war and tariff.

North America was the largest region in the incident and emergency management market, accounting for 42.11% or $58.49 billion of the total in 2024. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the incident and emergency management market will be Asia Pacific and Eastern Europe where growth will be at CAGRs of 9.13% and 8.79% respectively. These will be followed by Middle East and Africa where the markets are expected to grow at CAGRs of 7.93% and 7.35% respectively.

The global incident and emergency management market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 12.76% of the total market in 2023. Honeywell International Inc was the largest competitor with a 2.49% share of the market, followed by Motorola Solutions Inc with 2.02%, Lockheed Martin Corp with 2.00%, AT&T Inc with 1.61%, International Business Machine Corp with 1.16%, Siemens AG with 1.00%, NEC Corp with 0.96%, Eaton Corporation plc with 0.84%, Esri (Environmental Systems Research Institute) Inc with 0.40% and Everbridge Inc with 0.28%.

The incident and emergency management market is segmented by component into solution, services and communication system. The solution market was the largest segment of the incident and emergency management market segmented by component, accounting for 43.40% or $60.29 billion of the total in 2024. Going forward, the services segment is expected to be the fastest growing segment in the incident and emergency management market segmented by component, at a CAGR of 7.70% during 2024-2029.

The incident and emergency management market is segmented by simulation into traffic simulation systems, hazard propagation simulation tools and incident and evacuation simulation tools. The traffic simulation systems market was the largest segment of the incident and emergency management market segmented by simulation, accounting for 41.27% or $57.33 billion of the total in 2024. Going forward, the incident and evacuation simulation tools segment is expected to be the fastest growing segment in the incident and emergency management market segmented by simulation, at a CAGR of 7.33% during 2024-2029.

The incident and emergency management market is segmented by system into emergency or mass notification system, traffic management system, safety management system, entry/exit management system for evacuation centers, disaster supplies management system, disaster information transmission system, medical and welfare coordination system and other systems. The emergency or mass notification system market was the largest segment of the incident and emergency management market segmented by system, accounting for 31.52% or $43.78 billion of the total in 2024. Going forward, the medical and welfare coordination system segment is expected to be the fastest growing segment in the incident and emergency management market segmented by system, at a CAGR of 7.54% during 2024-2029.

The incident and emergency management market is segmented by vertical into commercial and industrial, IT and telecom, energy and utilities, healthcare and life sciences, defense and military, transportation and logistics, government and public sector and other verticals. The government and public sector market was the largest segment of the incident and emergency management market segmented by vertical, accounting for 22.09% or $30.69 billion of the total in 2024. Going forward, the IT and telecom segment is expected to be the fastest growing segment in the incident and emergency management market segmented by vertical, at a CAGR of 9.08% during 2024-2029.

The top opportunities in the incident and emergency management market segmented by component will arise in the solution segment, which will gain $22.19 billion of global annual sales by 2029. The top opportunities in the incident and emergency management market segmented by simulation will arise in the traffic simulation systems segment, which will gain $19.04 billion of global annual sales by 2029. The top opportunities in the incident and emergency management market segmented by system will arise in the emergency or mass notification system segment, which will gain $16.28 billion of global annual sales by 2029. The top opportunities in the incident and emergency management market segmented by vertical will arise in the IT and telecom segment, which will gain $10.97 billion of global annual sales by 2029. The incident and emergency management market size will gain the most in the USA at $11.04 billion.

Market-trend-based strategies for the incident and emergency management market include focus on AI-powered platforms enhance incident detection and response, focus on integration of cybersecurity and cloud-based incident response in emergency management, focus on developing unified disaster recovery portfolio solutions, focus on strategic investment driving innovation in incident and emergency management and focus on next-generation warning system innovations.

Player-adopted strategies in the incident and emergency management market include focus on strengthening business operations through strategic partnerships, focus on expanding manufacturing capabilities through strategic acquisitions and focus on strengthening product portfolio through strategic collaborations.

To take advantage of the opportunities, the analyst recommends the incident and emergency management market companies to focus on AI-driven decision support integration, focus on cloud-based cybersecurity integration, focus on expanding unified disaster recovery solutions, focus on enhancing emergency communication integration, focus on advancing early warning systems for risk mitigation, expand in emerging markets, continue to focus on developed markets, focus on expanding multi-tiered distribution channels, focus on tiered pricing for scalable deployment, focus on government partnerships and crisis communication campaigns, focus on training-based promotion and social proof and focus on specialized talent alignment for IT and telecom emergency operations.

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