What Is The Current and Historic Market Size Analysis Of The Disaster Preparedness Systems Market?
The disaster preparedness systems market has seen considerable growth due to a variety of factors.
• The market size for disaster preparedness systems has seen robust growth in the past few years. Its projected expansion from $201.83 billion in 2024 to $220.17 billion in 2025 signifies a compound annual growth rate (CAGR) of 9.1%.
This considerable growth during the historic period is due to the increasing occurrence of natural disasters, the growing severity of these events, increased risk awareness, a rise in criminal and terrorist acts, and an overall increase in disaster risks.
What Is The Forecast For The Disaster Preparedness Systems Market Size?
The disaster preparedness systems market is expected to maintain its strong growth trajectory in upcoming years.
• A significant surge is projected in the disaster preparedness systems market in the upcoming years. It is forecasted to reach a size of $308.73 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.8%.
The projected growth can be credited to factors such as increased urbanization, implementation of more government policies, escalating economic losses, stricter regulatory measures for public safety and the expanding utilization of advanced technology in disaster preparedness systems. The predicted trends during this period incorporate technological enhancements, local entity collaborations, a rise in government initiatives, brand reputation coupled with corporate social responsibility, and infrastructural investments.
What Are The Essential Drivers Behind The Growth Of The Disaster Preparedness Systems Market?
The anticipated increase in natural calamities is believed to be a key factor in stimulating the disaster preparedness system market's growth. Natural disasters represent significant negative impacts on societies or communities, arising from natural hazards such as earthquakes, hurricanes, floods, and other natural phenomena. Disaster preparedness systems offer a wealth of remedies and tools to communities, organizations, and individuals, helping them better prepare, respond, and recover from disasters. For example, data from the National Oceanic and Atmospheric Administration, a government agency based in the U.S., indicate that in 2022, the U.S. experienced 18 separate weather and climate disasters, each costing at least $1 billion. In contrast, in 2023, the U.S. saw 28 unique weather and climate disasters, each coming with a cost of at least $1 billion. Thus, the growing frequency of natural disasters serves as a key driving factor for the expansion of the disaster preparedness system market.
How Is The Global Disaster Preparedness Systems Market Divided Into Key Segments?
The disaster preparedness systems market covered in this report is segmented –
1) By Type: Emergency Or Mass Notification System, Surveillance System, Safety Management System, Earthquake Or Seismic Warning System, Disaster Recovery And Backup Systems, Other Types
2) By Solutions: Geospatial Solutions, Disaster Recovery Solutions, Situational Awareness Solutions
3) By Services: Training And Education Services, Consulting Services, Design And Integration Services, Support And Maintenance Services
4) By Communication Technology: First Responder Tools, Satellite Phones, Emergency Response Radars, Vehicle-Ready Gateways, Other Communication Technologies
5) By End-use: Banking, Financial Services And Insurance (BFSI), Energy And Utilities, Aerospace And Defense, Manufacturing, Information Technology (IT) And Telecom, Public Sector, Transportation And Logistics, Healthcare, Other End-uses
Subsegments:
1) By Emergency Or Mass Notification System: Alert And Warning Systems, Public Address Systems, Mobile Alert Systems
2) By Surveillance System: Video Surveillance Systems, Remote Monitoring Systems, Access Control Systems
3) By Safety Management System: Incident Management Systems, Risk Assessment Tools, Safety Audit And Compliance Tools
4) By Earthquake or Seismic Warning System: Ground Motion Sensors, Early Warning Systems, Data Analysis And Visualization Tools
5) By Disaster Recovery and Backup Systems: Data Backup Solutions, Business Continuity Planning Tools, Cloud Disaster Recovery Solutions
6) By Other Types: Training And Simulation Tools, Emergency Response Planning Software, Resource Management Systems
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What New Trends Are Influencing The Disaster Preparedness Systems Market?
Key players in the disaster preparedness system market are focusing on the development of innovative offerings, such as disaster recovery portfolio solutions, to maintain their market standing. A disaster recovery portfolio solution encompasses a thorough selection of policies, tools, and procedures that are activated to resume or keep the operations of crucial IT infrastructure, software, and systems following a natural or artificial disaster. In an example from March 2023, Huawei Technologies Co. Ltd., a corporation based in China, introduced a unified disaster recovery portfolio solution, known as Storage and Optical Connection Coordination (SOCC). This solution is constructed to address service losses and guarantee a rapid recovery of operations. SOCC is industry-leading in merging storage and optical networks to deliver a unified disaster recovery portfolio solution. Its primary mission is to minimize data loss and prevent business disruption during disasters such as earthquakes or fires.
Who Are the Key Players In The Disaster Preparedness Systems Market?
Major companies operating in the disaster preparedness systems market report are:
• Siemens AG
• The Lockheed Martin Corporation
• Airbus SE
• International Business Machines Corporation
• Honeywell International Inc.
• Johnson Controls International plc
• NEC Corporation
• Asahi Kasei Corporation
• Eaton Corporation
• Motorola Solutions Inc.
• Kumho Petrochemical Co. Ltd.
• Kuraray Co.Ltd.
• JSR Corporation
• Avient Corporation
• Denka Company Limited
• Lee Chang Yung Chemical Industry Corp.
• Blackboard Inc.
• Everbridge Inc.
• OnSolve LLC
• Singlewire Software LLC
• Juvare
• Alertus Technologies LLC
• CrisisGo Inc.
What Are The Regional Insights Into The Disaster Preparedness Systems Market?
North America was the largest region in the disaster preparedness systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disaster preparedness systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
