In a recently published report, Incident and Emergency Management Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Incident and Emergency Management Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global Incident and Emergency Management Market is valued approximately USD 97.00 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.50 % over the forecast period 2020-2027. Incident and emergency management refers to a standardized approach, which manages and prevent incidents or emergencies that have severe outcomes. Also, the incident and emergency management deals with all humanitarian aspects for emergencies that include response, preparedness and recovery and aims to reduce the harmful effect of all hazards that includes disasters. The growth of the market is witnessed due to the rise in incidences of natural disasters resulting due to the changing climatic conditions, terrorist and bio-hazardous attacks along with the stringent government regulations. For Instance: as per the data published by Statista in 2018, around 8093 terrorist attacks were recorded in 2018 worldwide which was around 6771 in 2012.
Thus, with the necessity of emergency preparedness, the demand and adoption of incident and emergency management solutions would increase thereby, reinforcing the growth of the market during the forecast period of 2020-2027. However, false alarm rate is hampering the growth of this market. Further, technological advancements in communication infrastructure would also create lucrative growth aspects for the global market during the forecast period.
The regional analysis of global Incident and Emergency Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region due to the rising adoption of incident and emergency management solutions and services. Also, in countries such as the US and Canada, there is a high focus on innovations obtained from Research and Development (R&D) and technology. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
IBM
NEC Corporation
MissionMode
Hexagon
Eccentex
Crisisworks
Veoci
Haystax Technology
Alert Technologies
Esri
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component :
Hardware
Software
Services
By Type:
Mass Notification System
Disaster Recovery System
Surveillance System
Safety Management System
Transportation Management Systems
Others
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By Industry:
Banking, Financial Services, and Insurance
Energy and Utilities
Manufacturing
Healthcare
Government
IT and Telecom
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Incident and Emergency Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investorsnt bankers
Investors
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