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Incident and Emergency Management Market is estimated to be US$ 229.2 billion by 2032 – By PMI
PMI
PMI

According to Prophecy Market Insights has published a new research report titled “Incident and Emergency Management Market, By System (Web-Based Emergency Management System, Emergency/Mass Notification System, Surveillance System, Traffic Management System, Inventory/Database Management System, By Solution (Geospatial Solution, Disaster Recovery Solution, and Situational Awareness Solution), By Service (Consulting, Emergency Operation Center Design And Integration, Training, and Public Information Services), By Communication Tool and Device (First Responder Tools, Satellite Phones, and Vehicle-Ready Gateways), By Vertical (Banking, Financial Services, and insurance (BFSI), Energy and utilities, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032” in its research database.

Covina, April 10, 2023 (GLOBE NEWSWIRE) -- “According to the latest research study, the demand of Incident and Emergency Management Market accounted for US$ 121.4 billion in 2022 and is estimated to be US$ 229.2 billion by 2032 and is anticipated to register a CAGR of 6.2%.

 Key Highlights:

  • In November 2022, IBM launched new Incident Management SaaS (Software as a Service) offering designed to help organizations to understand status of their applications and infrastructure resources and to provide ability for addressing core challenges during incident triage.

  • In July 2021, NEC Software Solutions launched new software to revolutionize the dispatch of emergency services teams. New launched cloud-based software is developed with input from control room operators to respond as effectively and rapidly to emergency incidents and to protect the public.

Analyst View:

The key factor driving the growth of the Incident and Emergency Management is rising criminal activity and terrorist attacks, as well as the occurrence of unanticipated natural catastrophes because of the constantly changing climatic conditions. Further, increasing natural disasters, increasing awareness among government & enterprises pertaining to operational safety & regulatory compliance and updating of outdated incident emergency and management solutions is expected to fruitful the demand for Incident and Emergency Management market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

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Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Incident and Emergency Management Market, By System (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, and CBRNE/HAZMAT Detection System)), By Solution (Geospatial Solution, Disaster Recovery Solution, and Situational Awareness Solution), By Service (Consulting, Emergency Operation Center Design And Integration, Training, and Public Information Services), By Communication Tool and Device (First Responder Tools, Satellite Phones, and Vehicle-Ready Gateways), By Vertical (Banking, Financial Services, and insurance (BFSI), Energy and utilities, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Incident and Emergency Management Market accounted for US$ 121.4 billion in 2022 and is estimated to be US$ 229.2 billion by 2032 and is anticipated to register a CAGR of 6.2%. The Incident and Emergency Management is segmented based on System, Solution, Service, Communication Tool and Device, Vertical and Region.