Global Emergency Management System Industry was valued at USD 93.44 Billion in the year 2018. Global Emergency Management System Industry is further estimated to grow at a CAGR of 5.7% from 2018 to 2025 to reach USD 137.34 Billion. The emergency management System Industry is expected to grow from USD 93.44 Billion in 2018 to USD 137.34 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period. The major drivers of the Industry include increasing incidents of terrorist and biohazardous attacks, and natural disasters due to ever changing climatic conditions, and stringent government regulations and norms.
The emergency management System solution providers also offer consulting services, design and integration services, training and education services, and support and maintenance services. Among the services, the training and education services segment is expected to be growing at the highest rate. The training and education services are provided to first responders, disaster response teams, and disaster management volunteers to raise the level of preparedness and response capability, and also mitigate the damages to a property during an emergency.
The emergency management System Industry has been segmented by simulation, which has further been broken down into traffic simulation system, hazard propagation simulation tools, and incident and evacuation simulation tools. The communication tools and devices segmentation has been categorized into first responder tools, satellite phones, and vehicle-ready gateways (cellular/GPS/Wi-Fi). Among these, the first responder tools segment is expected to be the fastest growing, as it includes all technology devices that assist the departments and teams in providing the first action during the time of emergency.
Emergency Systems, solutions, and services have been adopted by various industry verticals, including Banking, Energy and Utilities, Manufacturing, Financial Services, and Insurance (BFSI), Healthcare and life sciences, government and defense, aviation, hospitality, transportation and logistics, and telecom and IT, and others (sports stadiums, museums, and residential complexes). The telecom and IT industry vertical is expected to be fastest growing, as it is considered as an important element in the economic and social growth of a country. The loss of data and valuable information can severely hamper the operations of the telecom companies. Thus, there is a huge need to protect such information.
The global emergency management System Industry has been segmented on the basis of regions into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region si second largest revenue-generating region for emergency management System vendors in 2018. This is mainly because in the developed economies of the US and Canada, there is a high focus on innovations obtained from Research and Development (R&D), and technology. The APAC region is expected to be the most fastest-growing region in the Industry, due to an increase in government expenditure on emergency and disaster management systems to safeguard people from disasters.
The major Vendors in Emergency Management System Market are IBM, NEC Corporation (Japan), Hexagon, Esri, NC4, The Response Group (US), Intermedix Corporation (US), Crisisworks (US), Eccentex (US), Haystax Technology (US), Alert Technologies (US), EmerGeo (US), Veoci (US), MissionMode (US) and Other companies detailed information is provided as per client requirement.
Emergency Management Industry Segmentation:
Emergency Management Industry Overview, By System
Emergency Management Industry Overview, By Solution
Emergency Management Industry Overview, By Service
Emergency Management Industry Overview, By Simulation
Emergency Management Industry Overview, By communication Tool and Device
Emergency Management Industry Overview, By industry vertical