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Crisis Emergency and Incident Management Platforms Market Analysis | Coherent Market Insights

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Title: Crisis Emergency and Incident Management Platforms Market Analysis | Coherent Market Insights


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
CRISIS EMERGENCY AND INCIDENT MANAGEMENT
PLATFORMS MARKET ANALYSIS
  • Crisis Emergency and Incident Management
    Platforms Market, By End user Vertical (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) and
    by Region (North America, Latin America, Europe,
    Asia Pacific, Middle East and Africa) - Size,
    Share, Outlook, and Opportunity Analysis, 2020 -
    2027

3
  • The global Crisis Emergency and Incident
    Management Platforms market was valued at US
    75,408.1 Mn in 2019 and is forecast to reach a
    value of US 1,22,042.1 Mn by 2027 at a CAGR of
    5.9 between 2020 and 2027.

4
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
  • Rising level of threats related to potential
    terror attacks, shootings, and biological hazards
    in the U.S. has led to rising implementation of
    such emergency management platforms. According to
    the Federal Bureau of Investigation (FBI), the
    number of cyber events against the U.S.
    government increased by 680 and active shooter
    events increased 3X over the period 20062011.
    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. In
    response to this, the U.S. government issued a
    total of US 25 Mn in funding to states, cities,
    and territories for associated health-related
    issues. Hence, these factors are expected to
    drive growth of the market during the forecast
    period.

5
  • Proactive initiatives by government organizations
    are expected to propel the global crisis
    emergency and incident management platforms
    market growth over the forecast period
  • 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. This is done to reduce the loss of
    human life and damage to property. This, in turn,
    is expected to propel the global crisis emergency
    and incident management platforms market growth
    in the near future.

6
Crisis Emergency and Incident Management
Platforms Market - Impact of Coronavirus
(Covid-19) Pandemic
  • COVID-19 Pandemic have adversely affected the
    economies of various countries around the globe.
    According to the International Monetary fund
    Analysis, the global economy is expected to
    shrink down by 3 percent in the year 2020
    compared to year 2019. Owing to the economic
    slowdown many companies are expected to reduce
    expenditure on the security and research areas.
    It is expected that companies will not buy new
    security systems during the COVID-19 pandemic,
    which will adversely affect the growth of the
    market.

7
  • North America held dominant position in the
    global Crisis Emergency and Incident Management
    Platforms market in 2019, accounting
    for 33.4 share in terms of value, followed by
    Europe and Asia Pacific, respectively
  • Figure 1 Global Crisis Emergency and Incident
    Management Platforms Market Share () in terms of
    Value, By Region, 2019

8
Market Restraints
  • Increase in complexity and uncertainty of
    disasters is expected to restrain growth of the
    global crisis emergency and incident management
    platforms market growth over the forecast period
  • High numbers of disasters or unfamiliar threats
    occur, some of which require emergency management
    procedures to be initiated. It is challenging and
    complicated for consulting firms to analyze vast
    amounts of data and information in a limited
    amount of time and predict these disasters in the
    near future. Emergency management firms may
    require to reevaluate how present services can be
    implemented and enhanced to meet these
    challenges. Hence, these factors are expected to
    restrain growth of the market in near future.
  • Uncertainty in government budget allocation is
    expected to hamper the global crisis emergency
    incident management platforms market growth over
    the forecast period
  • Decline in government spending, budgetary
    priorities, changes in areas of spending, failure
    to approve government budgets on a timely basis,
    delays in contract awards, and procurement of
    grants and contract documentation are factors
    that could significantly and adversely hamper
    growth of the market during the forecast period.

9
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10
Market Opportunities
  • Emergency motivation service can present
    lucrative growth 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.

11
  • Increasing implementation of satellite phones can
    provide business opportunities
  • Various satellite solution providers are
    focusing on enhancing their presence across
    various regions especially the Asia Pacific
    through a partnership with various communication
    solution providers in the region in order to
    distribute the former companies 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 companys mobile
    satellite communications products and services
    across the market in South Korea.

12
  • Figure 2 Global Crisis Emergency and Incident
    Management Platforms Market Value (US Mn), 2017
    2027

13
Market Trends
  • Trends by Professional services
  • Public information services Crisis/emergency
    and incidence management service providers are
    focusing on partnerships and setting up data
    centers across various regions in order to
    enhance its service offerings across such
    regions. 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.
  • Trends by verticals
  • Growing adoption of disaster management
    solutions by aviation and government sector The
    government and aviation industry are adopting
    crisis and risk management solutions such as
    disaster recovery systems, traffic incident
    management, weather monitoring system, and
    others. These industries are adopting risk
    management solutions due to a rise in terrorist
    attacks on airports and in public places. These
    solutions are expected to help the government and
    aviation authorities to provide better security.

14
Competitive Section
  • Key players operating in the global crisis
    emergency and incident management platforms
    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.

15
Key Developments
  • Key players in 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 edge in
    the market. 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.   

16
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com/
    market-insight/crisis-emergency-and-incident-manag
    ement-platforms-market-3927

17
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

18
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

19
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