Incident and emergency management offerings have various types, such as system & platform, simulation tools, communication technology, and services. These types are functional in the field of defense & government, BFSI, hospitality, manufacturing, aviation, energy & utilities, telecom & IT, healthcare, transportation & logistics, and others.
The energy & utilities vertical is expected to grow at the highest CAGR during the forecast period from 2015 to 2020. These incident and emergency management solutions have emerged as the key to solve a range of manufacturing challenges, encompassing quality assurance policies, and procedures. These solutions help in finding and screening new offshore partners, controlling international production processes, improving customer relationships, and delivering consistent training.
The main challenging factor for incident and emergency management is the unawareness and lack of knowledge among the consumers about the usage of this technology and its solutions. The existence of outdated incident and emergency infrastructure technology has raised a concern for governments all over the world. To tackle such issues, governments and vendors are upgrading the installed incident and emergency management technology; they are also organizing advanced products- and services-related campaigns, while providing adequate training to the concerned masses about the benefits and usage of this technology.
Emergency management refers to the process of planning, preparing, responding, recovering, and mitigating any incident and emergency, which has the probability of its occurrence due to natural or man-made disasters. Emergency management plays an important role in securing the society as well as its infrastructure as a whole. Management of these emergencies refers to the usage of specific systems and solutions, which could be used before, during, and after the emergencies occur.
North America is one of the largest consumers of the incident and emergency management services and technologies. This region has been more vulnerable to the natural calamities and disasters, such as cyclones, floods, and earthquakes. In the recent years, this region has also become prone to various man-made disasters, such as terrorist attacks, strikes & protests, and chemical attacks. These issues have pushed the market for incident and emergency management in North American region.
There are various assumptions that we have taken into consideration for the market sizing and forecasting exercise. These global assumptions include political, economic, social, technological, and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not affect the forecasts in the emerging APAC regions on a very serious level.
The report will help the market leaders/new entrants in this market in the following ways –
1. This report segments the market into technology, solutions, systems, services, and deployment. It provides the closest approximations of the revenue numbers for the overall market and its sub-segments. The market numbers are further split across different verticals and regions.
2. This report will also help the companies in retaining their market positions by understanding the various competitor insights. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers & acquisitions, and new product launches. Additionally, the company profiles of the top 10 market players of this market are also provided in this report.
3. The report will help them to understand the pulse of the market. It provides information on key market drivers, restraints, challenges, and opportunities