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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Incident and Emergency Management Market Trends
A rise in government funding supports the development and implementation of emergency management solutions. Finance ministries of countries globally have the power to increase their spending in emergency response mechanisms to overcome unforeseen demands. For instance, contingency appropriations within the approved budget or any revolving contingency fund can be used by the government to meet high-priority needs. Further, emergency spending provisions in some jurisdictions allow for spending excess budgeted amounts during emergencies.
The European Union’s EU Mission aims to build 100 climate-neutral and smart cities by 2030. Further, according to the United Nations, 70% of the world’s population is expected to reside in smart cities by 2050. The rapid expansion of smart cities has increased the cruciality of emergency evacuation and preparedness systems to enhance public services and safety aspects.
Incident and Emergency Management Market Report Snapshots
Incident and Emergency Management Market Size
Incident and Emergency Management Market Growth
Incident and Emergency Management Market Trends
Incident and Emergency Management Market Share
Incident and Emergency Management Companies
Incident and Emergency Management Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of USD 126.38 billion in 2023.
The market is estimated to grow at a CAGR of 6.3% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 220.12 billion by 2032.
The key components include system and service.
The key regional markets for incident and emergency management are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses include government, BFSI, transportation and logistics, healthcare, manufacturing, IT and telecom, and others.
The solutions include geospatial solution, disaster recovery solution, and situational awareness solution.
The key players in the market include Hexagon AB, International Business Machines Corporation, Motorola Solutions, Inc., Honeywell International Inc., Siemens AG, Datalink Internet Systems P/L, Alert Technologies Corporation, Environmental Systems Research Institute, Inc., R1 RCM Inc, and Everbridge Inc, among others.
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