What Is The Current and Historic Market Size Analysis Of The Incident And Emergency Management Market?
The incident and emergency management market has seen considerable growth due to a variety of factors.
• In recent times, the incident and emergency management market has witnessed quick expansion. The market size is projected to rise from $181.96 billion in 2024 and reach $210.02 billion in 2025, showcasing a compound annual growth rate (CAGR) of 15.4%. This growth throughout the historical period can be traced back to insights garnered from former incidents, weakness in infrastructural systems, the transition towards integrated systems, as well as growing population and urbanization, not to mention cybersecurity threats.
What are the Market Size and Expected Growth Rates for the Incident And Emergency Management Market?
The Incident And Emergency Management market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of incident and emergency management is anticipated to witness substantial growth in the upcoming years, swelling to $396.67 billion in 2029 with a compound annual growth rate (CAGR) of 17.2%.
The surge during the forecast period is driven by real-time data analytics, integration of Geographic Information Systems (GIS) and mapping, effects of climate change, preparedness for global health crises, and management of cybersecurity threats. The period is expected to witness major trends such as integrated command and control systems, application of artificial intelligence and predictive analytics, mobile and remote access solutions, community-based strategies, resilience, and risk evaluation through cloud-based platforms.
Which Key Drivers Are Propelling The Incident And Emergency Management Market's Growth?
The surge in criminal activities and terrorist attacks serves as a significant catalyst, fuelling the expansion of the incident and emergency management market. Criminal actions involve any behaviour that breaches federal, state, or county criminal laws, irrespective of whether an arrest has taken place or not, or failing to meet the necessary standards of evidence for a criminal verdict. The spectrum of terrorism comprises complicated threats like organized terrorism in battle zones, external terrorist combatants, radical ‘lone wolves', and assaults deploying chemical, biological, radiological, nuclear and explosive substances. The concentration of terrorism is on the rise, seeping into nations that are already grappling with violent clashes. For instance, the Vision of Humanity, an Australian non-government organization, in 2023 reported that the US constituted 76% of deaths arising from terrorism among Western democracies, aligning with a 15-year low in incident rates. In 2022, for the eighth year running, the Islamic State (IS) and its associated groups topped the list as the most lethal terrorist group globally, executing attacks in 21 nations. This uptick is linked to the constant adaptation of ransomware approaches and the focus on sectors of high worth such as healthcare and construction. Hence, the escalating counts of criminal and terrorist attacks are expected to perpetually influence the growth of the incident and emergency management market.
What Are The Key Segments Within The Global Incident And Emergency Management Market?
The incident and emergency management market covered in this report is segmented –
1) By Component: Solution, Services, Communication System
2) By Simulation: Traffic Simulation Systems, Hazard Propagation Simulation Tools, Incident And Evacuation Simulation Tools
3) By System: Web-Based Emergency Management System, Emergency Or Mass Notification System, Traffic Management System, Safety Management System, Disaster Recovery And Backup Systems, Other Systems
4) By Vertical: Commercial And Industrial, IT And Telecom, Energy And Utilities, Healthcare And Life Sciences, Defense And Military, Transportation And Logistics, Government And Public Sector, Other Verticals
Subsegments:
1) By Solution: Software Solutions, Hardware Solutions
2) By Services: Consulting Services, Training And Education Services, Managed Services
3) By Communication System: Public Alert Systems, Emergency Notification Systems, Command And Control Systems
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How Are New Trends Impacting The Size Of The Incident And Emergency Management Market?
Advancements in technology are the leading trends in the incident and emergency management market. Growth in this market is expected to be fueled by these advancements in the coming years, providing fresh possibilities for handling emergencies. The broad subject of artificial intelligence (AI) in computer science is tasked with developing smart machines capable of executing tasks usually requiring human intellect. AI offers the ability to produce, transmit, and interpret emergency-linked data for superior decisions during crises. It can potentially predict, evaluate, and replicate scenarios in emergency management to hasten response times and streamline the process of resource allocation. An agreement was signed by the city of Los Angeles (California, USA) in May 2022 to use the One Concern platform, which leverages AI for analytical disaster assessment and estimated damage calculations. This will specifically assign a distinct, verifiable 'digital fingerprint' to each component of a city, modelling the entire system, and monitoring the impact of each disaster and climate change on an area.
Who Are the Key Players In The Incident And Emergency Management Market?
Major companies operating in the incident and emergency management market include:
• Honeywell International Inc.
• The Lockheed Martin Corporation
• Motorola Solutions Inc.
• Siemens AG
• NEC Corporation
• Collins Aerospace
• IBM Corporation
• Hexagon AB
• Esri Inc.
• Alert Technologies
• The Response Group
• Everbridge Inc.
• Juvare
• Haystax Technology
• Veoci
• RapidDeploy
• Send Word Now
• Blackboard Connect
• Singlewire Software
• Rave Mobile Safety
• CodeRED
• Regroup Mass Notification
• CrisisGo
• Agility Recovery
• MissionMode
• Everstream Analytics
• RiskLogic Sydney
• Witt O'Brien's
• BOLDplanning
What Are The Regional Insights Into The Incident And Emergency Management Market?
North America was the largest region in the incident and emergency management market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the incident and emergency management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
