Emergency Management and Incident Management Market worth $93.39 Billion by 2018

Thursday 21 November 2013, Amsterdam

$ The report “Emergency Management and Incident Management Market [Web-EOC, Geospatial, ENS, Surveillance, CBRNE, HAZMAT, BCDR, DBMS, Warning Systems, Monitoring, Phones, Gateways, First Responders, Radars, Simulation] - Forecasts and Analysis (2013 - 2018)”, segments the global market into various subsegments with in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with insights into trends, opportunities, and challenges.

This report has segmented the global incident and emergency management market by type of systems and platforms: web-based emergency management software, GeoSpatial Technologies, emergency/mass notification services, surveillance systems, CBRNE/HAZMAT Technologies, backup and disaster recovery solutions, tsunami and earthquake warning systems, traffic incident management systems, remote weather monitoring systems, and inventory systems/database management systems; by type of communication technologies: first responders, satellite phones, vehicle-ready gateways, and emergency response radars; by types of simulation tools: traffic simulation systems, hazard propagation tools, and incident and evacuation simulation tools; by type of professional services: consulting, EOC design and integration, training and simulation, and public information services; by types of end-users: government agencies, power plants, manufacturing sector, hospitals, and enterprises; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).

Changing climatic conditions, increasing natural disasters, government pressures for safety and regulatory policies, and increased terrorist attacks and home violence are playing a major role in shaping the future of the incident and emergency management market. Even though there are incident and emergency management solutions being implemented, most of the solutions are outdated and have aging technology. Now, many Tier1 companies are providing sophisticated and technologically advanced solutions and are getting into this escalating market for incident and emergency management. The major forces driving this market are changing climatic conditions, increasing government regulations and norms, and increasing terrorist attacks and home violence.
This report expects that the global incident and emergency management market is estimated to be $69.47 billion in 2013 and is expected to grow to $93.39 billion in 2018. This represents an estimated Compound Annual Growth Rate (CAGR) of 6.0% from 2013 to 2018. In the current scenario, NA is expected to be the biggest market on the basis of spending and adoption for the incident and emergency management solutions and services. This report further expects that the increasing incident and emergency management markets in the developing economies will further enhance the growth of the market.