Published Date: 18-Nov-2021
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According to a new report Global Incident and Emergency Management Market, published by KBV research, The Global Incident and Emergency Management Market size is expected to reach $174.5 billion by 2027, rising at a market growth of 6.5% CAGR during the forecast period.
The training and simulation services segment is projected to exhibit a promising growth rate over the forecast period. Enterprises offering professional services for incident & emergency management would also provide training on the usage of simulation tools like hazard propagation simulation tools, traffic simulation systems, and incident & evacuation simulation tools. This training is offered to first responders by making real-time emergency situations that are utilized as a training platform for disaster response departments. Due to this, these simulation tools, which are deployed in the training modules assist in increasing the level of response capability, preparedness, and mitigation of property damage in an emergency situation.
Fire and HAZMAT solution is witnessing a surge in demand among different verticals including commercial & industrial, energy & utilities, government & defense, and healthcare. By using fire and HAZMAT solutions, the security and public organizations can carry out Improvised Explosive Device Disposal (IEDD) and Explosive Ordnance Disposal (EOD) for bomb disposal operations. Through GPS-enabled devices, biometric tracking, man-down alarms, wireless connectivity, and tablet integration, Fire and HAZMAT solution can safeguard the organization from any kind of loss caused by the disaster.
Asia Pacific region is estimated to showcase the fastest growth rate over the forecast period. The adoption of incident and emergency management solutions & services is high in the North American region, which would fuel the growth & demand of incident and emergency management solutions. The well-established nations of North America like the US and Canada have a high focus on advancements witnessed from Research and Development (R&D) and technology.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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