The Latin America, Middle East and Africa Incident and Emergency Management Market would witness market growth of 8.2% CAGR during the forecast period (2021-2027).
By emergency management, companies can take measures to prepare for the resources and personnel required to recover from the impact of an emergency situation or minimize the impacts of natural calamities, terrorism, and another man-made emergency situation. Moreover, emergency and incident management are a very crucial element in the security system of a community or company. There are various nations that have dedicated departments to set up effective emergency and crisis solutions. There is an increase in the adoption of emergency response solutions by numerous businesses and organizations to prevent an emergency situation.
Government regulations to ensure proper implementation of safety and security measures are supporting the growth of the regional incident and emergency management market during the forecast period. In addition, the increasing investment of the companies on the deployment of advanced solutions for tackling emergency situations would further surge the demand for such solutions in this region.
Furthermore, the untapped potential of this region is attracting more companies towards it in order to expand their market reach, which would support the regional market growth. The constantly changing climatic conditions and growing incidents of bio-hazardous and terrorist attacks have pushed the growth of incident and emergency management solutions in this region. This would increase the adoption of these solutions in this regional market.
The Brazil market dominated the LAMEA Incident and Emergency Management Communication System Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $899.2 million by 2027. The Argentina market would witness a CAGR of 9.9% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Incident and Emergency Management Market is Predict to reach $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
By Country
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