Incident And Emergency Management Market Size is Projected To Reach USD 121470 Million By 2027 At A CAGR Of 3.9% - Valuates Reports

BANGALORE, India, March 23, 2022 /PRNewswire/ -- Incident and Emergency Management Market is Segment By Type - Mass Notification System, Disaster Recovery System, Surveillance System, Safety Management System, Transportation Management System, By Application - Aerospace, Banking, Financial Services & Insurance (BFSI), Government, Utilities, Retail, Manufacturing, Hospitals. Global Opportunity Analysis and Industry Forecast 2021 - 2027. It is published in Valuates Reports under the  Public Safety Category.

The global Incident and Emergency Management market size is projected to reach USD 121470 million by 2027, from USD 90370 million in 2020, at a CAGR of 3.9% during 2021-2027.

Major Factors Driving The Growth Of The Incident And Emergency Management Market Are

Increased criminal activity and terrorist attacks, as well as the occurrence of unpredictable natural disasters as a result of ever-changing climate conditions and strict government regulations, are expected to drive the incident and emergency management market's growth.

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TRENDS INFLUENCING THE GROWTH OF THE INCIDENT AND EMERGENCY MANAGEMENT MARKET

Because of the formation of stricter government regulations around the world, the incident and emergency management market is growing at a breakneck pace. Several countries have imposed stricter regulations on disaster management policies in order to improve each organization's preparedness for such unforeseen events. Most businesses have trained their employees on how to respond to incidents like fires and natural disasters, as well as installing safety equipment to mitigate such risks. This in turn has been positively impacting the growth of the incident and emergency management market.

Furthermore, as a precaution, organizations have been proactively deploying incident and emergency management systems, as such incidents result in significant monetary and other resource losses for organizations. The proactive deployment of disaster management systems has also helped to drive the incident and disaster management market forward.

An increase in Natural Disasters worldwide is expected to create a lucrative growth opportunity for the emergency management market. It is critical to have a fast, reliable, and secure method of communication in disaster recovery solutions. The flexibility, versatility, and quick deployment of satellite networks can help responders coordinate first-responder activities and command, control, and communicate urgent information more quickly and efficiently during disaster recovery.

Moreover, the increase in terrorism has heightened the need for effective surveillance and notification systems to ensure public safety, which in turn is expected to fuel the Incident and Emergency Management Market growth. 

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INCIDENT AND EMERGENCY MANAGEMENT MARKET SHARE ANALYSIS

Based on region, North America is expected to be the most lucrative. The North American region is home to a large number of key industry players who provide incident and emergency management solutions and services, and its strong financial position allows it to invest heavily in cutting-edge tools and technologies for efficient business operations.

Based on type, Emergency/Mass management is expected to be the most lucrative. The emergency/mass notification system allows organizations to quickly notify people in a specific area, building, or commercial establishment about an emergency and the most likely course of action to take.

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 Incident and Emergency Management Market By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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Incident and Emergency Management Market By Company

• Aerospace
• Banking
• Financial Services & Insurance (BFSI)
• Government
• Utilities
• Retail
• Manufacturing
• Hospitals

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SIMILAR REPORTS

-  The global Crisis, Emergency and Incident Management Platforms market size is projected to reach USD 105.4 million by 2028, from USD 81 million in 2021, at a CAGR of 3.4% during 2022-2028.

-  The global Mass Notifications Systems market size is projected to reach USD 25090 million by 2028, from USD 8261.9 million in 2021, at a CAGR of 16.9% during 2022-2028.

-  Intelligent Evacuation System market size is estimated to be worth USD 542.7 million in 2022 and is forecast to a readjusted size of USD 678.7 million by 2028 with a CAGR of 3.8% during the review period.

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