Market Overview:
The global Incident and Emergency Management Market size was valued at USD 125.56 billion in 2022, and is projected to reach USD 172.57 billion by 2032 at a CAGR of 7.5% from 2022 to 2032.
Incident and Emergency Management (IEM) refers to the process of preparing for, responding to, and recovering from emergencies and incidents, such as natural disasters, terrorist attacks, cyber threats, and pandemics. IEM solutions are designed to help government agencies, enterprises, and individuals to manage critical situations, mitigate risks, and ensure business continuity. The global Incident and Emergency Management market is driven by the increasing frequency and severity of natural disasters, terrorist attacks, and cyber threats, coupled with the growing need for efficient emergency response and recovery operations. The rise of smart city initiatives, adoption of cloud-based IEM solutions, and increasing public-private partnerships for emergency management are also fueling Incident and Emergency Management Market growth.
Growing frequency and severity of natural disasters is propelling Incident and Emergency Management Market growth.
One of the key driving factors of the Incident and Emergency Management (IEM) market is the increasing frequency and severity of natural disasters and other critical incidents worldwide. According to the United Nations Office for Disaster Risk Reduction (UNDRR), over the past 20 years, natural disasters have affected more than 4.2 billion people, resulting in more than 1.3 million deaths and USD 2.97 trillion in economic losses. Natural disasters, such as earthquakes, hurricanes, floods, wildfires, and droughts, have become more frequent and intense due to climate change and urbanization. These disasters pose significant risks to lives, property, and infrastructure, and require effective emergency management solutions to minimize their impact and ensure timely response and recovery. Moreover, the threat of terrorist attacks, cyber threats, and pandemics has also increased in recent years, highlighting the need for robust and integrated emergency management systems. The COVID-19 pandemic, in particular, has demonstrated the importance of effective emergency management and the critical role of technology in mitigating the impact of the crisis.
These factors have led to increased demand for Incident and Emergency Management solutions that can help government agencies, enterprises, and individuals to manage emergencies and critical incidents effectively. The Incident and Emergency Management Market is expected to grow significantly in the coming years, driven by the need for advanced and integrated solutions that can provide real-time situational awareness, predictive analytics, and decision-making capabilities during emergencies.
Segmentation:
By Solution
· Geospatial Technology
· Emergency/Mass Notification System
· Surveillance System, Disaster Recovery
· Critical Communication Network
· Others
By Application
· Natural Disasters
· Pandemics
· Terrorist Attacks
· Cyber Threats
· Others
By End-user
· Government and Public Sector
· Healthcare
· Energy and Utilities
· Transportation and Logistics
· Manufacturing
· Others
Geography:
The United States is the largest market for IEM solutions in North America, owing to the increasing incidence of natural disasters, terrorist attacks, and cyber threats, and the strong emphasis on national security and public safety. The US government has also invested significantly in the development of advanced emergency management systems, such as the Integrated Public Alert and Warning System (IPAWS) and the National Incident Management System (NIMS). Moreover, the region has a mature technological infrastructure, a highly skilled workforce, and a favorable regulatory environment, which further supports the growth of the Incident and Emergency Management Market. The increasing adoption of cloud-based IEM solutions, artificial intelligence (AI), and machine learning (ML) technologies, and the rising trend of public-private partnerships for emergency management are also expected to drive Incident and Emergency Management Market growth in the region. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period due to the increasing incidence of natural disasters and the rising adoption of IEM solutions by government agencies and enterprises in countries such as China, Japan, and India. The region is also expected to offer significant growth opportunities for vendors and service providers due to the rapid urbanization, digital transformation, and smart city initiatives in the region.
Impact of COVID-19 on the global Incident and Emergency Management Market:
The COVID-19 pandemic has had a significant impact on the Incident and Emergency Management (IEM) market. While the pandemic has disrupted the global economy and various industries, it has also highlighted the critical need for effective emergency management solutions to respond to such crises. The pandemic has led to a surge in demand for IEM solutions such as emergency notification systems, remote monitoring and control systems, and video surveillance systems, as governments, healthcare organizations, and enterprises seek to track and manage the spread of the virus. In addition, the pandemic has accelerated the adoption of digital technologies and cloud-based solutions for remote management and monitoring of critical infrastructure and facilities. Moreover, the pandemic has also led to the development of new IEM solutions, such as contact tracing apps and temperature monitoring systems, to help contain the spread of the virus and ensure public safety. These solutions have been widely adopted by governments, businesses, and individuals worldwide.
However, the pandemic has also disrupted the supply chain and manufacturing of IEM solutions, leading to delays and shortages in some cases. The pandemic has also impacted the budgets and funding of government agencies and enterprises, which may delay or defer the adoption of IEM solutions in some cases. Overall, the COVID-19 pandemic has created both challenges and opportunities for the Incident and Emergency Management Market. While the pandemic has highlighted the critical need for effective emergency management solutions, it has also disrupted Incident and Emergency Management Market and created uncertainties. Incident and Emergency Management Market is expected to recover and grow in the post-pandemic period, driven by the increasing demand for advanced IEM solutions and the rising focus on public safety and national security.
Impact of the Russia-Ukraine War on the global Incident and Emergency Management Market:
The ongoing conflict between Russia and Ukraine can have several potential impacts on the Incident and Emergency Management (IEM) market, particularly in the European region. Some of the potential impacts are:
· Increased demand for IEM solutions: The conflict can lead to an increased demand for IEM solutions, particularly in Ukraine and other neighboring countries, to manage the impact of the conflict and prepare for potential emergencies such as natural disasters or terrorist attacks.
· Disruption of supply chain: The conflict can disrupt the supply chain of IEM solutions, particularly if the conflict spreads to regions where key IEM solution providers are based. This can lead to delays or shortages of critical IEM equipment and systems.
· Budget constraints: The conflict can lead to budget constraints for government agencies and organizations in affected regions, diverting resources from IEM solutions to other pressing needs related to the conflict.
· Development of new IEM solutions: The conflict can also spur the development of new IEM solutions to address specific challenges arising from the conflict, such as new surveillance technologies, border control measures, or communication systems.
Company Profiles:
· IBM Corporation
· Honeywell International
· Motorola Solutions
· Siemens AG
· Hexagon AB
· Alertus Technologies
· Blackboard Inc.
· Everbridge Inc.
· MissionMode Solutions Inc.
· NEC Corporation
· OnSolve LLC
· BlackBerry Limited
· RapidDeploy Inc.
· Resolver Inc.
· The Response Group Inc. (TRG).
· Orange S.A.
· Vodafone Group Plc.
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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