Incident and Emergency Management Market Size, Share, and Growth Report 2032

Incident and Emergency Management Market Size

The global incident and emergency management market size was worth around USD 129.10 billion in 2023 and is predicted to grow to around USD 221.84 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.20% between 2024 and 2032.

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The report covers forecast and analysis for the incident and emergency management market on a global and regional level. The study provides historic data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

Incident and Emergency Management Market: Overview

Incident and emergency management is the term which is used to assign the endeavors of organizations or groups in order to coordinate or get ready for all materials and faculty required to either recoup or mitigate the impacts from artificial or natural disasters. Incident management depicts the activities of an organization with a specific end goal to decide, analyze, and correct hazards and to keep their re-event in future. Such occurrences in an organization are normally managed by either an Incident Management Team. Emergency and incident management assumes an imperative part in securing the society. A few nations have committed offices that work towards executing appropriate emergency and incident solutions. Numerous enterprises and organizations have additionally begun executing emergency response solutions in their premises with a specific end goal to relieve the dangers.

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The study includes drivers and restraints for the incident and emergency management market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the incident and emergency management market on a global level.

In order to give the users of this report a comprehensive view on the incident and emergency management market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the incident and emergency management market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. 

Incident and Emergency Management Market: Growth Drivers

Increasing terrorist’s attacks and destruction caused by common cataclysms have assumed an imperative part in increasing the popularity of incident and emergency management market. Development of stricter government regulations across the globe further drives the global incident and emergency management market. A few nations have been authorizing stricter regulations, with respect to disaster management policies, to enhance the readiness of each organization for such untoward occurrences. Most organizations have been preparing their workers with respect to the procedures to be followed for incidents, for example, fire and natural disaster among others, and also have been introducing safety gadgets for relieving such dangers. This factor has been positively influencing the growth of incident and emergency management market. However, a few organizations provide low priority to incident and emergency management, and subsequently have either not setup such systems or have been sending low standard systems, for meeting government regulations. This factor has been limiting the growth of the incident and emergency management market.

Incident and Emergency Management Market: Segmentation

Incident and emergency management market is segmented based on the system, communication technology, service, vertical, and region.

System segments included in this study are emergency/mass notification system, surveillance system, traffic management system, safety management system, earthquake/seismic warning system, disaster recovery & backup systems, and others. The emergency notification/mass notification system is expected to be the fastest growing segment in incident and emergency management market, as its system enables organizations to send or get continuous sensitive emergency message notices in the form of texts, emails, or voice mails, previously or amid emergencies. 

Communication technology segment includes first responder tools, satellite phones, emergency response radars, vehicle-ready gateways, and others. Among these, first responder tools segment is expected to be the fastest growing, as it incorporates all technology gadgets that help the offices and groups in giving the principal activity during the time of emergency.

Service segment includes training & education services, consulting services, design & integration services, and support & maintenance services. The training & education services segment is expected to be growing at the highest rate as the training & education services are given to first responders and disaster response teams to raise the level of readiness and reaction capacity.

The vertical segment includes BFSI, energy & utilities, manufacturing, healthcare & life sciences, government & defense, aviation, and others. Among these, government & defense vertical is expected to be fastest growing, as the loss of data and valuable information can severely hamper the operations of defense system.

Incident and Emergency Management Market: Report Scope

Incident and Emergency Management Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S., France, UK, Germany, China, India, Japan, and Brazil. 

North America has been leading the worldwide incident and emergency management market and is anticipated to continue on the dominant position in the years to come, states the market study. Altering demographics in the U.S. and rising danger levels identified with terrorism along with various other security concerns are some of the key factors behind the dominance of the North America incident and emergency management market. The high number of market players being headquartered in North America is another significant factor that is supporting the growth of this regional incident and emergency management market. In addition, a plethora of smart city activities witnessed across the U.S are likely to generate lucrative opportunities for market players to expand their business in the region, thereby further multiplying the regional growth.

Incident and Emergency Management Market: Competitive Outlook

The report covers detailed competitive outlook including company profiles of the key participants operating in the global incident and emergency management market. Key players profiled in this report include:

• Honeywell International Inc.
• Siemens AG
• Motorola Solutions Inc.
• Lockheed Martin
• Rockwell Collins Inc.
• Frequentis
• Intergraph Corporation
• Esri
• Metricstream
• Intermedix Corporation

The market segments incident and emergency management into:

Global Incident and Emergency Management Market: System Segment Analysis

• Emergency/Mass Notification System
• Surveillance System
• Traffic Management System
• Safety Management System
• Earthquake/Seismic Warning System
• Disaster Recovery & Backup Systems
• Others

Global Incident and Emergency Management Market: Communication Technology Segment Analysis

• First Responder Tools
• Satellite Phones
• Emergency Response Radars
• Vehicle-ready Gateways
• Others

Global Incident and Emergency Management Market: Service Segment Analysis

• Training & Education Services
• Consulting Services
• Design & Integration Services
• Support & Maintenance Services

Global Incident and Emergency Management Market: Vertical Segment Analysis

• BFSI
• Energy and Utilities
• Manufacturing
• Healthcare and Life Sciences
• Government and Defense
• Aviation
• Others

Global Incident and Emergency Management Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa