Incident and Emergency Management Market Worth $148.5 Billion by 2024 - Exclusive Report by MarketsandMarkets™
CHICAGO, Oct. 7, 2019 /PRNewswire/ -- According to the new market research report "Incident and Emergency Management Market by Component, (Solutions (Emergency/Mass Notification System, Perimeter Intrusion Detection, and Fire and HAZMAT), Services, and Communication Systems), Simulation, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global Incident and Emergency Management Market is expected to grow from USD 107.0 billion in 2019 to USD 148.5 billion by 2024, at a CAGR of 6.8% during the forecast period.
Occurrence of unpredictable natural disasters due to the ever-changing climate conditions and growth in terrorist attacks and criminal activities are some of the major factors driving the growth of the market.
Browse in-depth TOC on "Incident and Emergency Management Market"
99 – Tables
33 – Figures
167 – Pages
Request PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1280
The education vertical segment is expected to account for the larger market share during the forecast period.
Incident and emergency solutions are being used in educational institutions for a long time to make the campus more sustainable. These solutions increase campus-wide efficiency, ensure the safety and security of students and faculty, improve building performance and comfort, streamline institutional operations, reduce operational expenses, and increase long-term financial stability.
They also help in informing students, teachers, parents, staff, emergency first responders, and law enforcement agencies about the activities on the campuses and may be used for non-emergency purposes as well, such as for notifying students and faculty about campus updates, class cancellations, course registration reminders, and similar notices.
The training and simulation services segment to grow at a higher CAGR during the forecast period
Companies that provide professional services for the incident and emergency management also offer training on the use of simulation tools, such as traffic simulation systems, hazard propagation simulation tools, and incident and evacuation simulation tools. The training is provided to first responders by creating real-time emergency scenarios, which are used as a training platform for disaster response teams. As a result, these simulation tools that are implemented in the training modules help raise the level of preparedness, response capability, and mitigation of property damage during an emergency.
Moreover, training can range from simulating emergency events for a single user to a multiuser and multiagency environment. Training services take care of training the emergency response teams and guide them in using emergency management systems and tools. These services also help minimize people and infrastructure-related losses caused due to the incident.
Speak to Our Expert Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1280
North America estimated to lead the Incident and Emergency Management industry during the forecast period
North America is expected to account for the largest share of the Incident and Emergency Management Market in 2019. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adopting technologically advanced emergency equipment. The North American region exhibits a wide presence of key industry players offering incident and emergency management solutions and services, and its financial position enables it to invest majorly in leading tools and technologies for effective business operations.
The major Incident and Emergency Management Market vendors include Honeywell (US), Lockheed Martin (US), Motorola Solutions (US), Siemens (Germany), NEC Corporation (Japan), Collins Aerospace (US), IBM (US), Hexagon (Sweden), Esri (US), MissionMode (US), Alert Technologies (US), The Response Group (US), Everbridge (US), Juvare (US), Haystax Technology (US), Veoci (US), MetricStream (US), Noggin (Australia), LogicGate (US), 4C Strategies (Sweden), Resolver (Canada).
Browse Adjacent Markets:https://www.marketsandmarkets.com/security-market-research-115.html Information Security Market Research Reports & Consulting
Related Reports:
Mass Notification Systems Market by Component (Hardware, Software, and Services), Solution (In-Building Solutions, Wide-Area Solutions, and Distributed Recipient Solutions), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/mass-notification-market-1248.html
Perimeter Intrusion Detection Systems Market by Component (Solutions and Services), Solutions (Sensors & Video Surveillance Systems), Services, Organization Size, Deployment Type, Vertical, and Region - Global Forecast to 2023
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
MarketsandMarkets™ Blog: https://mnmblog.org/
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/incident-emergency-management-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/incident-emergency-management.asp
SOURCE MarketsandMarkets
Share this article