Global Emergency and Incident Management Market Overview:
Emergency management is the study of overseeing complex frameworks and multidisciplinary personnel to address outrageous occasions, across all risks, and through the periods of moderation, readiness, reaction, and recovery. Incident management is referred to as an activity of an organization to detect, measure and correct the problem to prevent a future re-event. Emergency and Incident Management is a normalized, standardized approach, which prevents and manages occurrences or helpful crises that have serious results. It is engaged with the incorporation and sending of crisis frameworks and arrangements at all administration and nongovernment stages. It deals with incorporating and executing crisis frameworks and arrangements across all administration and non-government stages.
Growth Drivers
- The rise in need for security, safety, and protection solutions
- The rise in the number of smart cities supports surveillance system
Roadblocks
- Increased economic losses from natural disasters
- Government rules and regulations to mitigate emergency mandate
Opportunities
- Development of technology that helps in an emergency event
Challenges
- Formulation of standard guidelines for the emergency and incident management
Competitive Landscape:
The leading players in the market are developing new technology that helps in the management of emergency situations. Organizations to avail competitive advantage are making collaborations and strategic partnerships with the other companies and generate a combined technology that helps in emergency and incident management.
Some of the key players profiled in the report are IBM Corporation (United States), Intergraph Corporation (United States), Intermedix Corporation (United States), Lockheed Martin Corporation (United States), Motorola Solutions, Inc. (United States), Esri Inc. (United States), Honeywell International Inc. (United States), NEC Corporation (Japan), Rockwell Collins (United States) and Siemens AG (Germany). Additionally, following companies can also be profiled that are part of our coverage like Hexagon (Sweden), MissionMode (United States), Alert Technologies (United States), The Response Group (United States) and 4C Strategies (Sweden). Analyst at AMA Research see United States Players to retain maximum share of Global Emergency and Incident Management market by 2026. Considering Market by By Solution, the sub-segment i.e. Geospatial Solutions will boost the Emergency and Incident Management market. Considering Market by By System, the sub-segment i.e. Mass Notification System will boost the Emergency and Incident Management market. Considering Market by By Service, the sub-segment i.e. Training & Education Services will boost the Emergency and Incident Management market. Considering Market by By Communication Technology, the sub-segment i.e. First Responder Tools will boost the Emergency and Incident Management market.
On 26 January 2021, NEC Corporation announced the delivery of a submarine cable seismic and tsunami observation system to Taiwan's Central Weather Bureau (CWB) under the Ministry of Transportation and Communications. This project is based on a contract between NEC Taiwan and the CWB. This new system is mainly intended for observation of earthquakes and tsunami in the area ranging from the offshore coast of Yilan in eastern Taiwan to Fangshan in Pingtung County.
What Can be Explored with the Emergency and Incident Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Emergency and Incident Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Emergency and Incident Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Emergency and Incident Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Emergency and Incident Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Industrial Associations, Government Regulatory Authority, Government Research Institutions, Private Research Institutions and IT firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.