Incident and Emergency Management Global Market Report 2024

The global incident and emergency management market has grown rapidly in recent years. It will grow from $159.43 billion in 2023 to $185.89 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. Historical growth in incident and emergency management can be attributed to several factors, including insights gained from past incidents, increased awareness of infrastructure vulnerabilities, a transition toward integrated systems, population growth, urbanization, and the rising concern over cybersecurity threats.

The global incident and emergency management market is expected to see rapid growth in the next few years. It will grow to $337.05 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. Anticipated growth in incident and emergency management for the upcoming period is expected due to several factors, including the utilization of real-time data analytics, the integration of GIS and mapping technologies, increased focus on addressing the impact of climate change, preparedness for global health crises, and improved management of cybersecurity threats.

The incident and emergency management market experience significant growth due to the rising number of criminal and terrorist attacks. Criminal activity encompasses actions prohibited by criminal laws, while terrorism spans various complex threats, including organized terrorism, lone wolves, and attacks employing hazardous materials. Global Terrorism Index 2022 reported a surge to 5,226 terrorist attacks in 2021, with Myanmar experiencing the largest increase. This trend continues to drive the incident and emergency management market.

The incident and emergency management market is poised for growth owing to the surge in natural disasters worldwide. These catastrophic emergencies, resulting from Earth's natural processes, necessitate effective management to mitigate their impact. The Emergency Event Database (EM-DAT) recorded 387 natural disasters globally in 2022, causing 30,704 fatalities and affecting 185 million individuals, with economic losses totaling around US$223.8 billion. This increase in natural disasters propels the incident and emergency management market.

Technological advancements play a pivotal role in shaping the incident and emergency management market. The integration of artificial intelligence (AI) into emergency management practices introduces new opportunities. AI enhances data analysis for better decision-making during crises, enabling faster response times and simplified resource allocation. For instance, the city of Los Angeles adopted the One Concern platform in May 2022, employing AI for analytical disaster assessment and damage estimates, significantly impacting emergency response capabilities.

Key players in the incident and emergency management market prioritize strategic investments to bolster public safety communications. These investments are crucial for enhancing community resilience and response capabilities during natural and man-made disasters. Honeywell International Inc., in January 2022, strategically invested in RapidSOS, linking the Honeywell Connected Life Safety System (CLSS) with RapidSOS' emergency response data platform. This integration enhances information delivery to emergency response centers, providing comprehensive situational details. RapidSOS is renowned for its sophisticated safety platform connecting data to 9-1-1 and first responders.

Juvare, a prominent incident preparation management and response technology company, acquired Nusura LLC in January 2022. This strategic acquisition aimed to fortify Juvare's operational capabilities, especially for national defense and federal emergency management partner organizations. Nusura LLC specializes in emergency management consulting solutions, aligning with Juvare's expansion strategy.

Major companies operating in the incident and emergency management market report are Honeywell International Inc., The Lockheed Martin Corporation, Motorola Solutions Inc., Siemens AG, NEC Corporation, Collins Aerospace, IBM Corporation, Hexagon AB, Esri Inc., Alert Technologies, The Response Group, Everbridge Inc., Juvare, Haystax Technology, Veoci, Rockwell Collins Inc., Intergraph Corporation, RapidDeploy, Send Word Now, Blackboard Connect, Singlewire Software, Rave Mobile Safety, CodeRED, Regroup Mass Notification, CrisisGo, Agility Recovery, MissionMode, Everstream Analytics, RiskLogic Sydney, Witt O'Brien's, BOLDplanning

North America was the largest region in the incident and emergency management market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the incident and emergency management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the incident and emergency management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The key components of incident and emergency management consist of solutions, services, and communication systems. These solutions aim to address unplanned events or service disruptions, restoring operations to their functional state. Incident and emergency management solutions encompass a wide range of services catering to all threats or hazards. Examples include traffic simulation systems, hazard propagation simulation tools, incident and evacuation simulation tools, web-based emergency management systems, emergency/mass notification systems, traffic and safety management systems, disaster recovery and backup systems, among others. These services find application across various sectors such as commercial and industrial, IT and telecom, energy and utilities, healthcare and life sciences, defense and military, transportation and logistics, government and public sector, and more.

This report provides incident and emergency management market statistics, including incident and emergency management industry global market size, regional shares, competitors with a incident and emergency management market share, detailed incident and emergency management market segments, market trends, and opportunities, and any further data you may need to thrive in the incident and emergency management industry. This incident and emergency management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The incident and emergency management market includes revenues earned by entities by providing a web-based emergency management system, emergency / mass notification system, geospatial solutions, emergency operation center (EOC) design and integration services, training and simulation services, and other services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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