Crisis Emergency and Incident Management Platforms Market Opportunities, Drivers , Top Players, Industry Analysis And Forecast till 2027

Posted July 15, 2020 by sm27071995

The global Crisis Emergency and Incident Management Platforms Market was accounted for US$ 1,22,042.1 Mn in terms of value in 2027 and is expected to grow at CAGR of 5.9% for the period 2020-2027.

Key Trends

Growing adoption of disaster management solutions by aviation and government sector leads to provide better security.
Crisis/emergency and incidence management service providers are focusing on partnerships and setting up data centers covering various regions to enhance its service offerings . For instance, in January 2017, Motorola Solution Inc. partnered with RapidSOS, which is a U.S.-based software company, in order to enhance its solution offerings primarily focusing on public safety agencies and is expected to also provide critical information to accelerate response times and improve emergency outcomes.

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Key Market Opportunities

Certain crisis/emergency and incidence management service providers are more focused on introducing emergency notification systems and services in order to broaden its solution offerings. For instance, in June 2014, the Honeywell International Inc., introduced NOTIFIER, which is an emergency communication system that can interface with any commercial fire alarm and broadcast live voice messages and recorded messages and emergency alerts to the public.

Increasing implementation of satellite phones can provide business opportunities as various satellite solution providers are focusing in enchancing their presence across various regions through a partnership with various communication solution providers in order to distribute their solutions. For instance, in June 2015, Iridium Communication Inc. partnered with Arion Communication Co., Ltd., which is a Korea-based manufacturer of maritime, aviation, and communications equipment, in order to distribute a former company’s mobile satellite communications products and services across the market in South Korea.

Key Market Drivers

Increasing threat levels related to terrorism are expected to drive growth of the global crisis emergency and incident management platforms market during the forecast period. According to the European Union Terrorism Situation and Trend Report 2016, the total number of failed, foiled, or completed attacks in Europe increased from 152 in 2013 to 211 in 2015.
Moreover, the Centers for Disease Control and Prevention (CDC), the U.S., the total number of Zika virus were there 3,500 reported cases for which U.S. government issued a total of US$ 25 Mn fund.

Proactive initiatives by government organizations are expected to propel the global crisis emergency and incident management platforms market growth over the forecast period as various organizations are focused on exploring means to deploy systems that can warn citizens about various natural calamities such as landslides, storms, and earthquakes, and also chemical leakages, terrorist attacks, and blackouts.

Key players operating the market are:

Honeywell International Inc., Intergraph Corporation, Lockheed Martin Corporation, Environmental System Research Institute, Inc., Motorola Solution Inc., Guardly, Rockwell Collins, Inc., Iridium Communication Inc., and Siemens AG.

Key Developments

Key players of the market are focused on product development, in order to enhance the market presence. For instance, in May 2020, Honeywell International Inc. introduced an integrated set of solutions to improve health of building environments and operate more safely.

Major market players are involved in product launches, in order to gain a competitive advantaget. For instance, in January 2017, Lockheed Martin Corporation introduced Space-Based Infrared System (SBIRS) satellite in collaboration with the U.S. Air force for providing multi-mission surveillance in the areas of missile warning, missile defense, battlespace awareness, and technical intelligence.

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Market Segmentation

By End user:
BFSI, Energy and Utility, Healthcare and Life Science, Government and Defense, Aviation, Hospitality, Transportation and Logistics, Telecom and IT and Others

By Communication Technology:
First Responder, Satellite Phone, Vehicle Ready Gateway and Emergency Response Radar

By System and Platform:
Web Based Emergency Management Software, Geospatial Technology, Emergency Notification Service, Surveillance System, Hazmat Technology, Backup and Disaster Recovery System, Earthquake/Seismic Warning System, Traffic Incident Management , Remote Weather Monitoring System and Database Management Systems(DB MS)

By Service:
Consulting, Emergency Operation Center (EOC) Design and Integration, Training and Simulation and Public Information Services
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Last Updated July 15, 2020