Market Opportunities

Certain crisis/emergency and incidence management service providers are more focused on introducing emergency notification systems and services in order to broaden its solution offerings. For instance, in June 2014, the Honeywell International Inc., introduced NOTIFIER, which is an emergency communication system that can interface with any commercial fire alarm and broadcast live voice messages and recorded messages and emergency alerts to the public.

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Various satellite solution providers are focusing on enhancing their presence across various regions especially the Asia Pacific through a partnership with various communication solution providers in the region in order to distribute the former companies’ solutions. For instance, in June 2015, Iridium Communication Inc. partnered with Arion Communication Co., Ltd., which is a Korea-based manufacturer of maritime, aviation, and communications equipment, in order to distribute a former company’s mobile satellite communications products and services across the market in South Korea.


Key Trends

Crisis, emergency and incidence management service providers are focusing on partnerships to enhance its service offerings across the regions. For instance, in January 2017, Motorola Solution Inc. partnered with Rapid-SOS, a U.S.-based software company, in order to enhance its solution offerings primarily focusing on public safety agencies and is expected to also provide critical information to accelerate response times and improve emergency outcomes.

The government and aviation industry are adopting crisis and risk management solutions such as disaster recovery systems, weather monitoring system, and others. These industries are adopting risk management solutions as of rise in terrorist attacks to provide better security.


Key Developments

Key players in the market are focused on product development, in order to enhance the market presence. For instance, in May 2020, Honeywell International Inc. introduced an integrated set of solutions to improve health of building environments and operate more safely.

Whereas major market players are involved in product launches to gain a competitive edge in the market. For instance, in January 2017, Lockheed Martin Corporation introduced Space-Based Infrared System (SBIRS) satellite in collaboration with the U.S. Air force for providing multi-mission surveillance in the areas of missile warning, missile defense, battlespace awareness, and technical intelligence.  


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Market Segmentation

By End user:
Vertical (BFSI, Energy and Utility, Healthcare and Life Science, Government and Defense, Aviation, Hospitality, Transportation and Logistics, Telecom and IT and Others)

By Communication Technology:
(First Responder, Satellite Phone, Vehicle Ready Gateway and Emergency Response Radar)

By System and Platform:
(Web Based Emergency Management Software, Geospatial Technology, Emergency Notification Service, Surveillance System, Hazmat Technology, Backup and Disaster Recovery System, Earthquake/Seismic Warning System, Traffic Incident Management , Remote Weather Monitoring System and Database Management Systems(DB MS))

By Service:
(Consulting, Emergency Operation Center (EOC) Design and Integration, Training and Simulation and Public Information Services)