Global Incident and Emergency Management Market

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

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

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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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