A Forecast of the Incident & Emergency Management Market
For the past two years, the world has been turned on its head with a barrage of natural disasters such as earthquakes, hurricanes, fires, floods, and other devastating events such as terrorist attacks, humanitarian crises, and a global pandemic.
In response to these events, many tech and manufacturing companies are deploying first responders and equipment as part of their incident and emergency management systems to support emergency response, fire, and Hazardous Material (HAZMAT) teams. These companies provide emergency planning, consulting, and process development services at local, state, and federal levels.
According to a Markets and Markets forecast, the market size for the global incident and emergency management over the next four years is expected to grow at a CAGR of 5.9%, from USD 117.2 billion in 2020 to USD 156.1 billion by 2025.
What’s Driving the Growth of the Incident and Emergency Management Market?
This growth is primarily attributed to factors such as an increase in criminal activities and terrorist attacks, plus the unpredictable natural disasters resulting from ever-fluctuating climate conditions. Other major factors include:
- growing concern for public safety and security
- increasing awareness of these solutions for business continuity
- increasing implementation of Internet Protocol (IP)-based notification devices
- increase in the adoption of Bring Your Own Device (BYOD) devices
Smart Devices Lead the Way:
Over the past decade, the use of smartphones and smart devices has increased tremendously as the preferred first responder tools, outperforming radios, which were commonly used as the traditional first responder tools of the past. With smart devices, however, smart gateways can connect sensors, such as body cameras, heart rate monitors, and locator beacons worn by the first responders so that the data can be sent back to a command center for on-demand access.
North America is expected to hold the largest market size in the global incident and emergency management market. The fire and HAZMAT solutions will occupy the major share of the market and are expected to be adopted among verticals such as commercial and industrial, government and defense, energy and utilities, and healthcare.
Some key market players in the incident and emergency management market include Honeywell, Lockheed Martin, Motorola Solutions, Siemens, NEC Corporation, Collins Aerospace, IBM, Hexagon, Esri, Tactron, and Salamander Technologies.
How We Can Help:
Higgins is an expert in the emergency responder market. We formed an alliance with Tactron and Salamander Technologies and our staff is trained to provide information, implementation, training, and ongoing support.
We offer a variety of manual and electronic incident management and electronic accountability systems that are NIMS compliant to help you design, develop, plan, and prepare for natural and man-made disasters.
If you’re not sure where to begin, we can help with that too. Contact us today to get a head start on your next project.