Emergency Management and Incident Management Market worth $93.39 Billion by 2018
DALLAS, November 14, 2013 /PRNewswire/ --
The report "Emergency Management and Incident Management Market [Web-EOC, Geospatial, ENS, Surveillance, CBRNE, HAZMAT, BCDR, DBMS, Warning Systems, Monitoring, Phones, Gateways, First Responders, Radars, Simulation] Market Forecasts and Analysis (2013 - 2018)", segments the global market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges.
Browse 77 Market Data Tables and 17 Figures spread through 159 Pages and in-depth TOC on "Emergency Management and Incident Management Market".
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Changing climatic conditions, increasing natural disasters, government pressures for safety and regulatory policies, and increased terrorist attacks and home violence are playing a major role in shaping the future of the Incident and Emergency Management Market. Even though there are Incident and Emergency Management solutions being implemented, most of the solutions are outdated and have ageing technology. Now, many tier1 companies are providing sophisticated and technologically advanced solutions and are getting into this escalating market for Incident and Emergency Management.
MarketsandMarkets has segmented the global Emergency and Incident Management Market by type of systems and platforms: web-based emergency management software, geospatial technologies, emergency/mass notification services, surveillance systems, CBRNE/HAZMAT technologies, backup and disaster recovery solutions, tsunami and earthquake warning systems, traffic incident management systems, remote weather monitoring systems, and inventory systems/database management systems; by type of communication technologies: first responders, satellite phones, vehicle-ready gateways, and emergency response radars; by types of simulation tools: traffic simulation systems, hazard propagation tools, and incident and evacuation simulation tools; by type of professional services: consulting, EOC design and integration, training and simulation, and public information services; by types of end-users: government agencies, power plants, manufacturing sector, hospitals, and enterprises; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).
The major forces driving this market are changing climatic conditions, increasing government regulations and norms, and increasing terrorist attacks and home violence.
Companies providing Incident and Emergency Management solutions are looking forward to gain a better competitive advantage in this growing market, thereby creating sophisticated emergency management solutions and services for the government organizations and enterprises.
MarketsandMarkets expects that the global Emergency Management and Incident Management Market is estimated to be $69.47 billion in 2013 and is expected to grow to $93.39 billion in 2018. This represents an estimated Compound Annual Growth Rate (CAGR) of 6.0% from 2013 to 2018. In the current scenario, NA is expected to be the biggest market on the basis of spending and adoption for the Incident and Emergency Management solutions and services. MarketsandMarkets further expects that the Increasing Incident and Emergency Management Markets in the developing economies will further enhance the growth of the market.
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