Incident & Emergency Management Market by Simulation (Hazard Propagation Simulation Tools, Incident & Evacuation Simulation Tools, Traffic Simulation Systems), Component (Communication Tool & Devices, Services, Solution), Vertical - Global Forecast 2024-2

Incident & Emergency Management Market by Simulation (Hazard Propagation Simulation Tools, Incident & Evacuation Simulation Tools, Traffic Simulation Systems), Component (Communication Tool & Devices, Services, Solution), Vertical - Global Forecast 2024-2030

The Incident & Emergency Management Market size was estimated at USD 125.19 billion in 2023 and expected to reach USD 134.94 billion in 2024, at a CAGR 8.25% to reach USD 218.11 billion by 2030.

Global Incident & Emergency Management Market Incident & emergency management is a standardized approach that prevents & manages incidents or humanitarian emergencies with severe outcomes. Incident and emergency management systems help in dealing with any kind of emergency. Incident management is a type of management that deals with an incident response team (IRT), an incident management team (IMT), and an incident command system (ICS) in case of an emergency. An increasing number of natural calamities and human-made disasters, including terror attacks, are making governments across countries adopt adequate incident and emergency management systems. Additionally, the ongoing smart city initiatives are driving the usage of incident & emergency management solutions. Furthermore, higher deployment & maintenance expenses and the use of advanced technology for attacks by terrorist organizations are anticipated to drive demand for incident and emergency management solutions. The lack of skilled professionals to operate incident & emergency management solutions is impeding the expansion of the market. Market vendors' ongoing integration of advanced technologies to develop advanced incident & emergency management solutions is expected to expand the market scope.Regional InsightsThe high monetary and human cost associated with natural disasters is increasing the demand for incident & emergency management solutions from various countries' federal and state governments in the Americas. According to the data from the National Earthquake Information Center (NEIC), the total cost of natural disasters in the United States amounted to USD 152.8 billion in 2021. According to the National Centers for Environmental Information (NCEI) data, as of October 2021, there have been 15 weather/climate disaster events with losses exceeding USD 1 billion each to affect the United States. These events included one drought event, one flooding event, ten severe storm events, two tropical cyclone events, and one wildfire event. The increase in incidences of natural disasters drives the demand for incident & emergency management solutions in the Americas. According to the Chinese Ministry of Emergency Management data, China's direct economic damages due to natural catastrophes were CNY 88.81 billion (~USD 13.13 billion) in the first half of last year. According to the Ministry, floods and hail storms were the two most common natural disasters that occurred in China from January to June, subsequently expanding the adoption of incident & emergency management solutions. Market vendors across the Americas are adopting various strategies to expand the availability of incident & emergency management solutions. In January 2023, Genasys Inc. announced a Zonehaven software-as-a-service (SaaS) and genasys emergency management (GEM) contract from three contiguous Utah counties. Emergency management officials would use genasys emergency management (GEM) and Zonehaven to alert and evacuate people endangered by flooding, wildfires, oil and natural gas incidents, and other life safety hazards.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Incident & Emergency Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Incident & Emergency Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Incident & Emergency Management Market, highlighting leading vendors and their innovative profiles. These include 4C Strategies AB, Alert Media, Inc., Alert Technologies Corporation, ARCOS LLC, BlackBerry Limited, Broadcom Inc., Cobham Limited, Collins Aerospace by Raytheon Technologies Corporation, Cydarm Technologies Pty Ltd., DEKRA SE, Eaton Corporation PLC, Emergency Management Services International, Inc., Environmental Systems Research Institute, Inc., Everbridge, Inc., Freshservice by Freshworks, Inc., Furuno Electric Co., Ltd., Fusion Risk Management, Inc., Garmin Ltd., Haystax by Fishtech Group, LLC, Hexagon AB, Honeywell International, Inc., International Business Machines Corporation, Intrepid Networks, Johnson Controls International PLC, Juvare, LLC, Konexus, Inc., Kroll, LLC, LogicGate, Inc., LTIMindtree Limited by Larsen & Toubro Ltd., MegaSoftwares, MetricStream, Inc., Motorola Solutions Inc., NEC Corporation, Nettitude Limited, New Relic, Inc., Nippon Telegraph & Telephone Corporation, Noggin, OnSolve, LLC, Orolia SAS, Petrofac Limited, Resolver Inc., SGS Société Générale de Surveillance SA, Siemens AG, Sophos Ltd., The Response Group, LLC, Trimble Inc., TÜV Rheinland AG, Veoci Inc., Wolters Kluwer N.V., and xMatters by Everbridge, Inc..

Market Segmentation & Coverage

This research report categorizes the Incident & Emergency Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Simulation
Hazard Propagation Simulation Tools

Incident & Evacuation Simulation Tools

Traffic Simulation Systems

Component
Communication Tool & Devices
Emergency Response Radars

First Responder Tools

Satellite Assisted Equipment

Vehicle-Ready Gateways

Services
Consulting

Emergency Operation Center Design & Integration

Public Information Services

Training & Simulation

Solution
Disaster Recovery & Business Continuity

Emergency & Mass Notification System

Fire & HAZMAT

Geospatial

Perimeter Intrusion Detection

Web-Based Emergency Management System

Vertical
Banking

Commercial & Industrial

Defense & Military

Education

Energy & Utilities

Government

Healthcare & Life Sciences

Transportation & Logistics

Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Incident & Emergency Management Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Incident & Emergency Management Market?
3. What are the technology trends and regulatory frameworks in the Incident & Emergency Management Market?
4. What is the market share of the leading vendors in the Incident & Emergency Management Market?
5. Which modes and strategic moves are suitable for entering the Incident & Emergency Management Market?

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