What is the global market size of Incident and Emergency Management Market?

Global Incident and Emergency Management Market size was valued at USD 120.3 billion in 2021 and is poised to grow from USD 121 billion in 2022 to USD 243.2 billion by 2030, growing at a CAGR of 6.5% in the forecast period (2023-2030).

What is the key market trend for Global Incident and Emergency Management Market?

The rising integration of advanced technologies such as AI, ML, and IoT for data analysis and forecasting during emergencies is a key trend. Cloud-based incident management solutions are also on the rise due to their scalability and availability benefits.

Which region accounted for the largest share in Global Incident and Emergency Management Market?

North America, particularly the US, leads in incident and emergency management market share due to technological advances, robust regulatory frameworks, and high awareness and readiness against disasters.

Global Incident and Emergency Management Market Size, Share, Growth Analysis, By Component(Solution, and Services (Consulting), By System Type(Geospatial Information System (GIS), Surveillance System), By End-User(Government, Healthcare) - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Incident and Emergency Management Market?

The incident and emergency management market is highly competitive, with leading competitors focusing on research, innovation, and technology. Key players include 'Everbridge', 'AlertLogic', 'Rapid7', 'Palo Alto Networks', 'Splunk', 'McAfee', 'Crowdstrike', 'IBM Security', 'Deepwatch', 'FireEye Mandiant', 'Cisco SecureX', 'LogRhythm', 'Qualys', 'RSA Security (Dell Technologies)', 'Fortinet', 'Tenable', 'Rapid Response', 'Code42', 'Siren Cyber', and 'OpenText'.

Q: What is the key driver of Global Incident and Emergency Management Market?

The rise in the rate and severity of natural disasters and the need for better response capabilities drive the global incident and emergency management market. Investments in advanced technologies like AI, IoT, and real-time data analysis also contribute to market growth.

Report ID: SQMIG45C2074 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 98 | Figures: 76

Global Incident and Emergency Management Market News

August 2023: NEC Software Solutions (NECSWS) has efficiently finalized the acquisition of SSS Public Safety Ltd, formerly called Capita SSS Ltd. This strategic move complements NECSWS's array of advanced generation and help offerings used by law enforcement and numerous emergency offerings.

January 2023: Juvare, a international leader in generation for important incident preparedness and response, has officially acquired Nusura, LLC, a consulting and technology firm that specialize in place of origin safety and emergency control. This acquisition is a strategic move aimed toward broadening Juvare's abilities throughout strategic, operational, and tactical domains. The objective is to beautify the enterprise's potential to serve countrywide protection and federal emergency management partners effectively.

Global Incident and Emergency Management Market Report Snapshots

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FAQs

Global Incident And Emergency Management Market size was valued at USD 121 billion in 2022 and is poised to grow from USD 128.87 billion in 2023 to USD 213.27 billion by 2031, growing at a CAGR of 6.50% during the forecast period (2024-2031).

The incident and emergency management market is a highly competitive one, having several leading competitors who are focusing on research and innovation to stay ahead of their rivals. The case study includes tough competition between the industry leaders that focus on technology innovations, alliance agreements, and complete solutions. Niche players and start ups also join the market which brings more variation into the environment. 'Everbridge', 'AlertLogic', 'Rapid7', 'Palo Alto Networks', 'Splunk', 'McAfee', 'Crowdstrike', 'IBM Security', 'Deepwatch', 'FireEye Mandiant', 'Cisco SecureX', 'LogRhythm', 'Qualys', 'RSA Security (Dell Technologies)', 'Fortinet', 'Tenable', 'Rapid Response', 'Code42', 'Siren Cyber', 'OpenText'

Rise in rate of magnitude and frequency, natural disasters pose a great challenge, calling for better responses to major incidents and emergencies. High investment is emerging into advanced technologies, which governments and other organisations now see the need for preparedness and response capabilities. The use of artificial intelligence, IoT, and real time data analysis for decision making in emergencies. Such stringent rules and regulatory measures also increase the adoption of a comprehensive incident management framework.

Rising Integration of Advanced Technologies: The Use of more integrated advanced technology such as artificial intelligence (AI), machine learning (ML), and internet of things (IOT) for instantaneous data analysis and forecasting capabilities during emergency situations. Another important trend involves highlighting interoperability and information sharing across different systems in order to enhance collaborative and effective emergency management.") Due to its scalability and availability benefits, cloud-based incident management is on the rise.

The use of modern tools and techniques is mainly driven by the North American market with the US leading in technological advances and funding. The implementation of comprehensive emergency management systems is promoted through stringent regulations and a well-developed regulatory framework in different sectors. A strong market exists for incident and emergency management solutions in this region due to its high level of awareness and readiness against natural disasters and man made disasters.

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