The Europe Incident and Emergency Management Market would witness market growth of 6% CAGR during the forecast period (2021-2027).
Several agencies and government bodies are implementing various incident and emergency management solutions to make more effective contingency plans to cope up with natural and man-made emergency situations. As per WHO, nearly 1.35 million people die every year owing to tragic road traffic accidents. Additionally, WHO also stated that almost 93% of these accidents happen in low and middle-income nations.
The demand for safety and security solutions would be boosted by frequent occurrence of natural & man-made catastrophes. In addition, the rising importance of emergency preparation and the deployment of regulatory policies for public safety are among the key aspects surging the growth of the incident and emergency management market during the forecast period. Furthermore, the adoption of intelligent surveillance systems and evacuation systems has increased due to the rise in smart cities, thereby augmenting the growth of the incident and emergency management market. Additionally, the usage of advanced equipment for terror attacks is anticipated to spur the demand for the incident and emergency systems.
The high investment of the governments in public safety, increasing economic loss because of natural disasters, and rising requirements for emergency preparedness are among the key aspects propelling the growth of the regional incident and emergency management market. The presence of some key market players is also accelerating the growth of the regional market during the forecast period.
The UK is among the prominent nations of this region, which would also lead the regional incident and emergency management market during the forecast period. The high investment of the companies in reducing the loss incurred by any incident like natural calamity, terrorist attacks, etc., would escalate the growth of the regional market. In addition, the increasing demand for security and protection solutions by the public and private organizations is expected to fuel the regional market growth.
The Germany market dominated the Europe Emergency Operation Center (EOC) Design & Integration Incident and Emergency Management Market by Country 2020, thereby, achieving a market value of $555.4 million by 2027. The UK market is exhibiting a CAGR of 6.9% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 8.5% during (2021 - 2027).
Based on Component, the market is segmented into Solution, Services, and Communication System. Solution segment is further bifurcated across Fire & HAZMAT Solutions, Perimeter Intrusion Detection, Emergency / Mass Notification System, Disaster Recovery & Business Continuity, and Geospatial Solutions & Web-based Emergency Management System. Services segment is further segmented across Consulting, Training & Simulation, Emergency Operation Center (EOC) Design & Integration and Public Information Services. Communication System are further analyzed across First Responder Tools, Vehicle Ready Gateways, Satellite Assisted Equipment, and Emergency Response Radars. Based on End User, the market is segmented into IT & Telecom, Commercial & Industrial, Transportation & Logistics, Defense & Military, Government, Public Sector & Utilities, Healthcare & Life Sciences and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Incident and Emergency Management Market Size will Hit $174.5 Billion by 2027, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Motorola Solutions, Inc., Honeywell International, Inc., Siemens AG, Johnson Controls International PLC, NEC Corporation, Hexagon AB, BlackBerry Limited, Everbridge, Inc., and Esri, Inc.
By Component
By End User
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