The North America Incident and Emergency Management Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
Incident and emergency management help organizations and authorities to prevent and manage various kinds of emergency situations including man-made and natural calamities. The integration of incident and emergency management solutions across all the non-government and government platforms would fuel the growth of the market.
There are several enterprises that have been majorly working on the latest technologies like NG9-1-1, early warning systems, crowdsourcing, Q-Rad tools, sophisticated early warning systems, tsunami apps, geospatial solutions, advanced communication technologies, and simulation tools & solutions. These solutions and technologies are helping them in preparing, planning, and mitigating emergencies. This would further contribute to the growth of the incident and emergency management market.
The growth of the regional incident and emergency management market is attributed to the factors like high adoption of the latest technologies & solutions, high awareness about the importance of incident management, and prevalence of strict government policies & regulations for incident management. In addition, there are many companies that are increasingly investing in developing new technologies and solutions within the industry to better cater to the demand for incident and emergency management solutions.
The increasing incidents of natural disasters like hurricanes are also pushing the regional market forward and also compelling the market players to introduce the latest solutions. Furthermore, developed nations like the US and Canada are more prone to natural disasters, which is creating more demand for incident and emergency management solutions in this region.
The US market dominated the North America Emergency / Mass Notification System Incident and Emergency Management Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4238.6 million by 2027. The Canada market is experiencing a CAGR of 8.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.5% during (2021 - 2027).
Based on Component, the market is segmented into Solution, Services, and Communication System. Solution segment is further bifurcated across Fire & HAZMAT Solutions, Perimeter Intrusion Detection, Emergency / Mass Notification System, Disaster Recovery & Business Continuity, and Geospatial Solutions & Web-based Emergency Management System. Services segment is further segmented across Consulting, Training & Simulation, Emergency Operation Center (EOC) Design & Integration and Public Information Services. Communication System are further analyzed across First Responder Tools, Vehicle Ready Gateways, Satellite Assisted Equipment, and Emergency Response Radars. Based on End User, the market is segmented into IT & Telecom, Commercial & Industrial, Transportation & Logistics, Defense & Military, Government, Public Sector & Utilities, Healthcare & Life Sciences and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Incident and Emergency Management Market is Estimated to reach $174.5 Billion by 2027, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Motorola Solutions, Inc., Honeywell International, Inc., Siemens AG, Johnson Controls International PLC, NEC Corporation, Hexagon AB, BlackBerry Limited, Everbridge, Inc., and Esri, Inc.
By Component
By End User
By Country
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