USD 128.96 Billion
Report ID:
SQMIG45C2074 |
Region:
Global |
Published Date: November, 2024
Pages:
197
|Tables:
98
|Figures:
76
Incident and Emergency Management Market size was valued at USD 128.96 Billion in 2023 and is poised to grow from USD 136.97 Billion in 2024 to USD 221.79 Billion by 2032, growing at a CAGR of 6.21% during the forecast period (2025-2032).
The global incident and emergency management industry is growing rapidly. This is primarily because stringent rules and regulations are in place to improve disaster response capabilities. Many countries have enforced strict rules and regulations to ensure that companies have better disaster preparedness, hence ensuring that companies can handle a crisis caused by natural factors or man-made factors effectively. These regulations encourage the application of high-tech incident and emergency management systems to mitigate the impact of various crises. Increased frequency of man-made disasters, such as terrorist attacks, and natural disasters, including hurricanes, floods, and earthquakes, have increased the demand for effective emergency management systems. The creation of solutions that enable fast and coordinated responses to disasters is now at the forefront of governments around the globe.
In addition, a huge factor in the global incident and emergency management market growth has been the rise of smart city programs, which implement cutting-edge technology for data collection, monitoring, and effective evacuation. Such solutions provide rapid and integrated responses to incidents through providing more proactive approaches to managing emergencies. Sophisticated event management systems are in high demand because of the expense associated with deploying and maintaining modern technologies, and with the increasing use of such technologies in terrorist-related attacks. These technologies are critical in lessening the effects of such occurrences and enhancing the general security of public infrastructure and metropolitan areas. Therefore, the global market is expected to continue growing rapidly.
Market snapshot - 2025-2032
Global Market Size
USD 128.96 Billion
Largest Segment
Solutions
Fastest Growth
Services
Growth Rate
6.21% CAGR
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Global Incident And Emergency Management Market is segmented by Component, Vertical, and Region. Based on Component, the market is segmented into Solutions (Web-Based Emergency Management, Emergency/Mass Notification, Disaster Recovery And Business Continuity, Perimeter Intrusion Detection, Geospatial, Fire And HAZMAT), Services (Consulting, EOC Design And Integration, Training And Simulation, Support And Maintenance), Communication Tools And Devices (First Responder Tools, Satellite-Assisted Equipment, Vehicle-Ready Gateways, Emergency Response Radars). Based on Vertical, the market is segmented into IT And Telecom, Energy And Utilities, Healthcare And Life Sciences, Defense And Military, Transportation And Logistics, Government And Public Sector, Manufacturing, Real Estate And Construction, Other Verticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per the 2024 global incident and emergency management market analysis, the solutions segment dominated the market because the need for cutting-edge software and technology that aids in disaster management is on the rise. Some of the many features of these solutions include incident reporting, situational awareness, resource management, and communication systems, among others features critical to an effective emergency response. The demand for these solutions has intensified with the integration of technologies, including cloud computing, AI, and IoT. The solutions sector leads the market because all kinds of governments, corporations, and organizations are adopting them to ensure better preparedness and faster response in such a situation.
The services sector is expected to increase enormously during the forecast period. Increasing demand for consultancy, system integration, training, and continuing support are professional services, mainly since sophisticated incident and emergency management systems increasingly depend on governments and businesses. These services become necessary for management systems to be deployed, maintained, and optimized correctly. The services sector is expected to expand because of the growing complexity of disaster management systems and the growing need for ongoing updates, as businesses require professional help to realize the full potential of their event management systems.
Based on the 2024 global incident and emergency management market forecast, the government & public sector play a fundamental role in incident and emergency management by keeping the public safe and monitoring the functioning of important infrastructure. As they are responsible for formulating and enforcing laws that create large emergency management systems, they both avoid and respond to disasters. To safeguard public welfare, governments across the globe have formed laws and regulations that necessitate the use of emergency response solutions. In major events, such as a terrorist attack or a natural disaster, governments are one of the major stakeholders that tend to respond immediately. Thus, there is much growth in the global incident and emergency management market, stimulated by the growing need of governments to come up with efficient, scalable, and effective crisis management solutions.
Incident and emergency management is becoming increasingly important in the healthcare & life sciences industry to ensure patient safety and treatment continuity in cases of emergencies. Hospitals and other health care facilities are, therefore, strictly regulated so that the safety of the patients is protected, their medical records are protected, and emergency services are continuously offered. These latest developments in emergency management have been bringing together co-ordination of all patient care and safe keeping of sensitive information as learning from the health disaster experienced in other countries. In fact, hospitals are implementing more sophisticated software to track events, handle resources, and coordinate their emergency response; this has given rise to the need for newly innovative incident and emergency management products for the healthcare industry.
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Modern incident and emergency management technologies and practices have been embraced in North America, particularly in the United States. The United States is a leader globally, especially in financial and technology development, which drives innovation regarding new approaches to responding and preparing for disasters. Strict legislation and a robust regulatory environment across multiple industries have provided an impetus for widespread implementation of emergency management systems that include all elements. Due to the awareness, readiness, and preparation of North America for both natural and man-made disasters, there is a significant requirement for incident and emergency management solutions. Market growth is further supported by the region's proactive attitude toward catastrophe mitigation, which guarantees a steady demand for cutting-edge crisis response goods.
Asia-Pacific has demonstrated itself to be the most capable region for the implementation of sophisticated incident and emergency management systems in the context of the growing susceptibility to typhoons, tsunamis, and earthquakes. With the world's high-density populations all concentrated in their respective metropolitan centers, the need for effective, on-the-moment emergency response systems is even more pronounced. In fact, this is why most governments in the region are interested in developing strong emergency management infrastructures since the respective countries are becoming increasingly urbanized to ensure the safety and security of their occupants. Advanced event management systems have become more widespread because of the increased emphasis on disaster planning and response. These systems help to reduce risks and enhance the region's ability to manage disasters.
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Incident and Emergency Management Market Drivers
Growing Natural Disaster Frequency
Increasing natural disasters from natural origins are one of the most significant factors driving the global incident and emergency management market. Due to their frequent occurrences, natural disasters, such as earthquakes, floods, hurricanes, and wildfires, governments and companies are in constant search for high-end technology to effectively handle reactions with these disasters. With better preparedness and real-time data systems, these technologies help control and counter effects on damage; there is an increasing need for efficient emergency management solutions.
Advances in Emergency Management Technologies
Technological advancements, including AI, ML, and IoT contribute to an increased market globally since they enhance disaster response systems by making them accurate and efficient, thereby accelerating danger detection and decision-making. To enhance general crisis management skills, businesses and governments are increasingly adopting sophisticated management technologies that can predict, monitor, and respond to events in real-time.
Incident and Emergency Management Market Restraints
Privacy and Data Security Issues
Data security and privacy issues are still a major concern because emergency management systems handle vast amounts of sensitive data, including private information and facts on vital infrastructure. The flaws in these systems might lead to data breaches, thus posing a threat to public confidence and safety. The deployment and adoption of event management solutions may be delayed as governments and enterprises must make considerable investments in securing these systems.
Market Fragmentation and Lack of Standardization
The incident and emergency management market is not standardized; various vendors provide different solutions, which might make the system integration more difficult, particularly for organizations that rely on multiple systems to carry out various emergency management functions. The lack of standard frameworks and procedures across different platforms will limit the overall efficiency of emergency management systems because of inefficiencies and difficulties in coordinating the activities of response.
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SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, increasing occurrences of natural disasters, increasing man-made threats, and advances in technology all contribute to the global incident and emergency management market. More and more governments and businesses are focusing on readiness and response skills, all of which contribute to the employment of disaster response and recovery solutions increasingly in real-time. These systems are becoming more intelligent and responsive through the advent of AI, IoT, and automation. There are challenges, such as high costs of implementation and even issues related to data security. The promising aspect of the long run is the fact that the context of smart cities, urbanization, and more infrastructure requirements will push forward a strong emergency management infrastructure.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 128.96 Billion |
Market size value in 2032 | USD 221.79 Billion |
Growth Rate | 6.21% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Incident and Emergency Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Incident and Emergency Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Incident and Emergency Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Incident and Emergency Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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