DUBLIN, Nov. 10, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/2dw628/incident_and) has announced the addition of the "Incident and Emergency Management Market by System and Platforms, by Communication Technologies, by Simulation Tools, by Professional Services - Global Forecast to 2020" report to their offering.
The global market to grow from USD 80.10 Billion in 2015 to USD 101.33 Billion by 2020. This represents a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2015 to 2020.
The incident and emergency management market refers to planning, preparing, and responding to the natural and man-made disasters. This market is experiencing a rapid growth across the world due to various factors, such as changing climatic conditions, increasing government regulations & norms, extensive usage of social-media to spread information, and increased terrorist attacks.
To provide safety and reduce the loss percentage due to these disasters, the end-users are adopting various advanced incident and emergency management products and services. To meet the increasing demand of these end-users, the key players, such as Honeywell, Siemens, Motorola Solutions, Rockwell Collins, Lockheed Martin, and many more, have launched systems, solutions, products, and services. These solutions include VMS 100 and satellites, which include sensors, version1, and compact keypads. This technology offers next-generation solutions, which are expected to help the first responders for an immediate response during the time of emergencies. This market covers solutions and systems, such as geospatial systems, weather information systems, and tsunami warning systems, which help in locating the accurate disaster location.
There are apps that help in conveying the information to the public before an incident takes place; it also advises on the best precaution that could be opted. SendWordNow is a company that sends mobile messages across the country for the same reason, and if there is a failure in the delivery of these messages, then it makes automated calls to the general masses to warn against the abnormal event that could prove to be dangerous. There are various simulation tools, which help the public by educating and training them on the usage of such tools.
- Honeywell International Inc.
- Iridium Communication
- Lockheed Martin Corporation
- Motorola Solutions
- Rockwell Collins
- Siemens AG
- Telecommunication Systems
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SOURCE Research and Markets