Global Disaster Management Market Overview:
Primarily disaster management refers for the management of resources and responsibilities for dealing with all humanitarian aspects of emergencies. But industrial revolution changed the whole scenario. The development of advanced technologies and penetration robots have led the governments to invest more in technologies to combat the disasters and its impact.
As per latest study released by AMA Research, the Global Disaster Management market is expected to see growth rate of 7.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The Use of Robotic Technologies to Rescue people
Market Growth Drivers:
Increasing Government Initiatives towards the Adoption of Advanced Technologies and Solutions for Prediction of Natural Disaster and Reduce the Impact
Challenges:
Lack of Awareness in Underdeveloped and Some of the Developing Countries
Restraints:
Lack of Funding and High-cost of Installment for Disaster Management Solutions
Opportunities:
Increased Demand of Innovative Technologies for real-time data collection and Take Effective Decisions According to Disaster
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Honeywell International (United States), Motorola Solutions (United States), Rockwell Collins (United States), Frequentis AG (Austria), ESRI (United States), Hexagon AB (Sweden), Intermedix Corporation (United States) and AGT International (Germany). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Disaster Management market by 2030. Considering Market by Solutions, the sub-segment i.e. Geospatial Technologies Solution will boost the Disaster Management market. Considering Market by Deployment, the sub-segment i.e. Cloud will boost the Disaster Management market. Considering Market by End-user, the sub-segment i.e. Educational Institutes will boost the Disaster Management market.
Latest Market Insights:
On May 12, 2023, Everbridge acquired PDC, Inc. This merger combined Everbridge's critical event management platform with PDC's risk intelligence and location-based solutions, aiming to provide a more comprehensive solution for disaster preparedness and response.
On July 21, 2023, Ericsson launches "Connected Ambulance" solution: This solution utilizes IoT technology to connect ambulances to emergency response centers, improving communication and data sharing during disaster response.
What Can be Explored with the Disaster Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Disaster Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Disaster 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 Disaster 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 Disaster 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 New Entrants/Investors, Analysts and Strategic Business Planners, Disaster Management Software & Solution Providers, Disaster Management Tools or Devices Manufacturers, Suppliers & Distributors of Disaster Management Tools or Devices, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others.
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.