Incident and Emergency Management Market

Incident and Emergency Management Market registered a revenue of USD 116.0 billion in 2020 and is projected to reach USD 190.5 billion in 2028, growing at a CAGR 6.4% during the forecast period.

Incident and Emergency Management Market Overview

Incident and emergency management refer to the appropriate treatment of injuries and illness. It includes an emergency preparedness plan and implementations of corrective actions and the management of predicted emergencies and critical incidents. It is a science of managing complex and multidisciplinary personnel, across all hazards, through the phases of mitigation, response, and recovery.

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Major Incident and Emergency Management Market Drivers

With the increased need for security and protection solutions due to the increasing number of natural disasters and terrorist attacks, the government has ensured the proper implementation of safety and emergency preparedness methods that promote the adoption of these systems, which can be some of the major factors expected to drive the Incident and Emergency management market size. Moreover, an increase in the number of smart cities should support quick evacuation and surveillance systems, which may further support the growth of the Incident and Emergency Management Market.

Additionally, The Global Incident and Emergency Management Market heavily bend towards advancing technologies to upgrade the outdated incident and emergency management. Companies are making technologies such as, early warning systems, and advanced communication technologies to help plan, prepare, and mitigate emergencies. For instance, The US Environmental Protection Agency and US-based Tetra Tech built an emergency response solution that allows teams to assign, manage, and track tasks.

Restraint in the Incident and Emergency Management Market

However, wrong working of sensors at early notice may limit the development of the incident and emergency management market. Factors like increasing natural disasters, the growing number of terrorist attacks, implementation, and false alarms hamper the incident emergency management systems. Furthermore, lack of emergencies and incidents management systems and education and training may restrict the growth of the Incident and Emergency management market.

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System- Segment Analysis

Based on System, the traffic management segment is increasing at a tremendous rate due to the implementation of more strict public rules or laws. Several nations have applied strict rules for traffic management measures to enhance the safety of people. Traffic management system aims to reduce road accidents by video surveillance and real-time picture. For instance, companies such as Lockheed Martin provide consulting services to government organizations and enterprises. These services ensure the realization of benefits by enabling pro-active risk management and end-to-end consulting services for emergency management.

Communication- Segment Analysis

Based on communication, the satellite phones segment is expected to grow at the highest CAGR during the forecast period. During a natural disaster, there are no landline or cellular telephones networks due to overloading. Responders use satellite mobile phones for emergency communication to coordinate response and recovery in remote areas. For instance, satellite phones can also be used for news and information delivery during disasters by helping journalists to report the latest news from the frontline of the accident location.

Vertical- Segment Analysis

Based on the Vertical, the healthcare segment is expected to witness the Incident and Emergency management market growth during the forecast period. The increasing number of multispecialty and community hospitals are also adopting incident and emergency management system as there is rise in need of safety and security solutions.

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Region- Segment Analysis

Based on region, the North America region is expected to be the largest market for Incident and Emergency Management globally during the forecast period. The developed countries of North America, such as the US and Canada, highly focus on innovations from research and development and technology. The market is also driven by the increased dread assault and catastrophic events in the North American locale. An increase in government expenditure on incident and emergency management systems to safeguard people from disaster has driven the market growth in North America. For instance, Lockheed Martin launched LTE-over satellite system to deliver connectivity to remote regions in help in natural disasters such as, hurricanes, wildfire, earthquakes, and others.

Top Market Players:

Various dominating players operating in the market include NEC Corporation, Accenture, Lockheed Martin, Hexagon, The Response Group, Siemens, Motorola Solutions, BlackBerry, Eaton, Johnson Controls, and others. 

Key Developments:

• • In 2019, Siemens developed Cerberus Portal, an online cloud-based fire security program. The product helps move the information to the cloud using Cerberus Connect X300 utilizing scrambled transmission innovation and an underlying firewall. In case of any fire occurrence, support staff gets consistent data to respond quickly, educate clients, and plan a site visit.

Segments covered in the Report:

The Incident and Emergency Management Market has been segmented based on System, communication, Vertical, and region. Based on system, the market is segmented into Web based emergency management, Traffic Management, Disaster Recovery and Backup System. Based on communication, market is segmented into First Responder Tools, Satellite Phones, Emergency Response Radars. Based on Vertical, market is segmented into IT and Telecom, Government, Healthcare. 

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Market Segmentation

Incident and Emergency Market by System

• • Web based emergency management
  • Traffic Management
  • Disaster Recovery
  • Backup System

Incident and Emergency Market by Communication

• • First Responder Tools
  • Satellite Phones
  • Emergency Response Radars

Incident and Emergency Market by Vertical

• • IT and Telecom
  • Government
  • Healthcare

Incident and Emergency Market by Region

• • North America Incident and Emergency Management Market (Option 1: As a part of the free 25% customization)

    • By System
    • By Communication
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up

  • Europe Incident and Emergency Management Market (Option 2: As a part of the free 25% customization)

    • By System
    • By Communication
    • By Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Incident and Emergency Management Market (Option 3: As a part of the free 25% customization)

    • By System
    • By Communication
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Incident and Emergency Management Market (Option 4: As a part of the free 25% customization)

    • By System
    • By Communication
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Incident and Emergency Management market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • NEC Corporation
  • Accenture
  • Lockheed Martin
  • Hexagon
  • The Response Group
  • Siemens
  • Motorola Solutions
  • BlackBerry
  • Eaton
  • Johnson Controls