By Louise Porter published on April 2018
The incident and emergency market is expected to grow significantly in the coming years. Major factors driving the growth of the market is increasing threat levels such as terrorist attacks and government spending to deal with such threats. In addition, enhanced simulation, social media along with multi-jurisdictional training is the ongoing trends observed in the market.
The global incident and emergency management market report has been segmented on the basis of system, solution, service, communication tool and device, vertical and region.
On the basis of system, the global incident and emergency management market is segmented into web-based emergency management system, emergency/mass notification system, surveillance system, traffic management system, inventory/database management system, safety management system, remote weather monitoring system and others (tsunami warning system, earthquake/seismic warning system, CBRNE/HAZMAT detection system). The emergency notification/mass notification system is expected to be the fastest growing segment among all systems.
On the basis of solution, the global incident and emergency solution management market is segmented into geospatial solution, disaster recovery solution and situational awareness solution. The disaster recovery solution is expected to register highest CAGR over the forecast period in terms of revenue. This is due to increasing adoption across to keep business operations unaffected from disasters.
On the basis of service, the global incident and emergency solution management market is segmented into consulting, emergency operation center (EOC) design and integration, training and public information services. Among the services, the training and education services segment is expected to register highest CAGR.
On the basis of communication tool and device, the global incident and emergency solution management market is segmented into first responder tools, satellite phones and vehicle-ready gateways. The first responder tools segment is estimated to register highest CAGR, as it consists of all technology devices and provide the first action during the time of emergency.
On the basis of vertical the market has been segmented into banking, financial services, and insurance (BFSI), energy and utilities, manufacturing, healthcare and life sciences, government and defence, aviation, hospitality, transportation and logistics, it and telecom and others (museums, sports stadiums, and residential complexes). The telecom and IT industry vertical is estimated to be register highest CAGR. Telecom being an important sector, the loss of data can hinder the operations of the telecom companies resulting in massive need to protect data and information.