Global Emergency And Other Relief Services Market Trends

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The global emergency and other relief services market is expected to grow from $81.48 billion in 2019 to $85.03 billion in 2020 at a compound annual growth rate (CAGR) of 4.36%. The growth is mainly due to the COVID-19 outbreak that has led to an increased need for emergency services to help the underprivileged get access to basic necessities. The market is expected to reach $109.21 billion in 2023 at a CAGR of 8.7%. The increasing support from large corporations and organizations in the form of funds, grants or programs is expected to drive the growth of the global emergency and other relief services market.

The emergency and other relief services market consists of the revenues from emergency and other relief services and related goods by entities (organizations, sole traders and partnerships) that provide food, shelter, clothing, medical relief, resettlement, and counseling to victims of domestic or international disasters or conflicts (e.g., wars). Only goods and services traded between entities or sold to end consumers are included.

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The global emergency and other relief services market is further segmented based on service type, category and geography.
By Service Type: Food, Shelter, Medical Assistance, Others.
By Category: Short-term Assistance, Deferred Assistance, Long-term Assistance.
By Geography: The global emergency and other relief services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, the Asia Pacific emergency and other relief services market was the largest region in the global emergency and other relief services market in 2019.

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Trends In The Emergency And Other Relief Services Market
Organizations in the emergency and other relief services market are integrating technology in their services for faster response and better reachability. The use of RC View to help dispatch Disaster Action Teams (DAT) to emergencies and RC Collect for collecting information during damage assessments of homes and property after the disasters have significantly reduced response times and streamlined data collection.
Emergency And Other Relief Services Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides emergency and other relief services market overviews, analyzes and forecasts market size and growth for the global emergency and other relief services market, emergency and other relief services market share, emergency and other relief services market players, emergency and other relief services market segments and geographies, emergency and other relief services market’s leading competitors’ revenues, profiles and market shares. The emergency and other relief services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.