According to Market Research Future Analysis, incident and emergency management market has been valued at approximately USD 115 Billion by the end of forecast period with approx. 5% of CAGR during forecast period 2017 to 2023.
The incident and emergency management refers to group of people who are appointed to share the information, coordinate and communicate in an occurrence of an event or incident and emergency situation. The management system indicates that a mass notification is expected to play a major part in incident and emergency management market. The rising terror attacks and occurrence of unpredictable natural calamities are the key factor driving the incident and emergency management market. Government initiatives in reducing harmful activities is playing the key role in incident and emergency management market. Satellite phone as a communication device accounts for highest market share in the market. The increasing product and solution technology in preventing enterprise valuable assets is expected to grow rapidly. While there are some restraints, that may hamper the market includes lack of awareness about the benefits of this system is affecting the market growth.
The prominent players in the incident and emergency management market-Honeywell International Inc. (U.S.), Siemens Ag (U.S.), Motorola Solutions, Inc. (U.S.), Lockheed Martin (U.S.), Rockwell Collins, Inc. (U.S.), Frequentis (Austria), Intergraph Corporation (U.S.), Esri (U.S.), Metricstream (U.S.), Intermedix Corporation (U.S.), among others.
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Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
By simulation segment, incident and emergency management market includes traffic simulation system, hazard propagation simulation tool and incident and evaluation simulation tool. Traffic simulation is widely used for ground transport that includes both passenger and goods movement. It helps users by providing information related to delay, traffic congestion and pollution. Traffic simulation software is becoming more powerful now a days owing to new advancement in computing, engineering, mathematics.
By region, MRFR analysis shows that Europe region accounts for second highest market share in incident and emergency management market owing to increased terror attacks and natural disaster occurrence in the region. In France, government is building special military troops to tackle this problem. There is high adoption of incident and emergency management system by enterprises as precautions as this incident causes severe damage to manpower and assets. Asia-Pacific region is expected to be one of the prominent player in the incident and emergency management market owing to huge investment made by government in advanced technology to tackle terror attacks and natural disaster management. In India, government is building special military troops to tackle this incident and enterprises are providing special trainings to their employees on the procedure to be followed during such incident.
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TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
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