Incident and Emergency Management Market Overview by System, Solution, Service, End users and Region and Forecast (2018 – 2023)
Global incident and emergency management market is estimated to showcase a higher CAGR in the upcoming years. The industry can be fragmented on the basis of system type, service providers, application and geographical region.
Dallas, United States – September 27, 2018 /MarketersMedia/ —
The incident and emergency management market as valued at USD 87.16 billion in 2017, and is expected to reach a value of USD 123.54 billion by 2023 witnessing a CAGR of over 6.04% during the forecast period 2018 – 2023. The report profiles the providers of incident and emergency management systems and solutions for various end-user industry.
The incident and emergency management market is increasing at a significant pace due to the formation of favorable government regulations worldwide. The most important and broadly applicable regulations are those promulgated by the Occupational Safety and Health Administration (OSHA) and the Environmental Protection Agency (EPA). Besides, the growing incidents of natural disasters and an increase in terror attacks are the other factors boosting the growth of the incident and emergency management market.
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The need to avoid the substantial monetary losses due to the disasters is prompting many organizations to adopt incident and management solutions leading to the growth of the market. However, the uncertainty of disasters and budget allocation issues and disconnection between the disaster risk reduction policy and the emergency management in practice are hindering the market growth.
IT & Telecom is expected to Fuel the Growth
The IT & Telecom industry is one of the fastest growing segment considering the importance in the social and economic growth of a country. Cyber-attacks had become a fact of life, and most of the IT organizatio ns are implementing incident and emergency management solutions today to prevent such incidents. Besides, the rise of high profile security breaches is prompting many IT organizations to come up with better solutions to prevent the future incidents. Due to the rise of cloud computing, migration of systems to public or private cloud environments and adoption of connectivity technologies such as LANs and WANs are vital in IT & telecom industry, thereby influencing the growth of Incident management systems & solutions. Moreover, IT & Telecommunications infrastructure is recognized as being critical to the emergency preparedness, national security, and public health. So the need for implementing incident and emergency management is growing worldwide.
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North America is expected to Witness Significant Share in Incident and Emergency Management Market
North America held the largest share in incident and emergency management market with US leading the market. The region is one of the largest consumers of incident and emergency management services and technologies. Increase in threats, biological hazards, and shootings in United States are fueling the growth of incident and emergency management market in the region. The growing number of terror attacks annually augments the demand for such solutions. Besides, the region also has a presence of major incident and management system and solution vendor. The organisations in the region are adopting solutions to protect the assets from disasters.
Key Developments in the Incident and Emergency Management Market
April 2018: IBM Resilient Incident Response Platform on cloud and IBM Resilient Incident response platform V30 expands features set with the modular function based integrations for the dynamic playbooks and team collaboration enhancements.
Incident and Emergency Management Market Major Players: IBM CORPORATION, HEXAGON AB, NEC CORPORATION, HONEYWELL INTERNATIONAL INC, ALERT TECHNOLOGIES CORPORATION, EMERGEO SOLUTIONS, INC, GREY WALL SOFTWARE, LLC, ECCENTEX, HAYSTAX TECHNOLOGY, MISSIONMODE SOLUTIONS, INC, RESOLVER, INC, NC4, INC, and METRICSTREAM, INC, among others
Reasons to Purchase Incident and Emergency Management Market Report
Analysis of various perspectives of the market with the help of Porter’s five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market during the forecast period
Latest developments, market shares and strategies employed by the major market players and key innovators
3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Companies Mentioned:
IBM Corporation, Hexagon AB, NEC Corporation, Honeywell International Inc, Alert Technologies Corporation, EmerGeo Solutions, Inc, Grey Wall Software, LLC, Eccentex, Haystax Technology, MissionMode Solutions, Inc, Resolver, Inc, NC4, Inc, and MetricStream, Inc
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