SecurityWorldMarket

17/12/2024

Incident & emergency management market to hit $196 billion by 2030

Delray Beach, Fl (USA)

According to the latest report published by Marketsandmarkets, the global incident and emergency management market size is projected to grow from USD 137.45 billion in 2024 to USD 196.20 billion by 2030 at a Compound Annual Growth Rate of 6.1% during the forecast period.

The market's expansion is linked to rising urbanisation, which increases population density and disaster susceptibility, necessitating enhanced emergency response systems. Also, the integration of AI, IoT, and machine learning improves predictive analytics, real-time monitoring, and automated reactions, hence increasing emergency readiness and efficiency.

Rise in complex incidents creates demand

As the complexities of incidents grows, the demand for sophisticated communication solutions that enable real-time information sharing and enhance situational awareness among first responders has grown significantly. The growth of the first responder tools segment is fuelled by advancements in communication technologies since these tools are crucial for enabling rapid and efficient coordination during emergencies. IoT integration is also elevating the capabilities of these tools, enabling better data collection and analysis in critical situations. With public safety agencies prioritising interoperability and operational efficiency, the need for advanced communication tools tailored to first responders is increasing at a fast pace, outshining other segments in the market. This makes effective communication strengthen emergency responses and improving outcomes in high-pressure scenarios.

Government sector is strongest vertical

Governments enforce regulatory policies that require preparedness and response measures for emergencies such as natural disasters and terrorist threats. To strengthen their capabilities, government agencies make substantial investments in advanced technologies, such as surveillance systems and mass notification solutions. The growing frequency of disasters has made the local, state, and federal governments to adopt comprehensive emergency management frameworks, fueling demand for these services. The integration of smart technologies into urban planning, especially in developing markets, is accelerating the adoption of incident management systems. By driving innovation and shaping investment trends, the public sector not only influences the market's growth but also sets the pace for advancements in emergency preparedness and response strategies.

Extreme weather events drive Middle East & Africa market

Since the 1980s, the frequency of disasters in the Middle East and Africa region has increased due to the factors such as climate change and urbanisation, which have made extreme weather events more frequent. United Nations Office for the Coordination of Humanitarian Affairs (OCHA) and the League of Arab States (LAS) play an important role in supporting these initiatives. These organisations promote the adoption of multi-hazard early warning systems that align with international standards such as the Sendai Framework. Governments are implementing comprehensive strategies for emergency management which include establishing disaster risk management agencies and investing in advanced technologies such as GIS and mobile communication to enhance crisis response capabilities. Hence, the Middle East and Africa region is growing at the second fastest CAGR in the incident and emergency management market during the forecast period.

Key players

Some of the main players in this market include companies such as Lockheed Martin, Johnson Controls, Motorola Solutions, Honeywell, Collins Aerospace, AT&T, NEC, BAE Systems, Siemens and Everbridge, amongst others. 


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