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Government agencies: Largest vertical for incident and emergency management
Incident and emergency management has gained importance due to increasing natural disasters and climatic changes. Along with this, increasing terrorist attacks, bio-terrorism, and home violence have compelled the governments to implement incident and emergency management solutions and services. Governments of many developed and developing countries are implementing sophisticated solutions for emergency management. Major vendors in the market are also providing technologically advanced solutions for planning, responding, and mitigating these emergencies. These advancements have radically given a boost to the incident and emergency management market globally. In the current scenario, has been anticipated that the government agencies would be the largest vertical for these solutions and services, in terms of spending and adoption, with a forecasted market share of 70% in 2013
It has also been forecasted that by 2013, the North American market will project the largest market opportunity for incident and emergency management, at an estimated market share of 41.3% of the overall market. North America (NA) and Europe (EU) together are estimated to account for 65.8% of the global market in 2013. MarketsandMarkets’ report on the “Incident and Emergency Management Market: Global Advancements, Adoption Roadmaps, Forecasts and Analysis (2013-2018)” is available now for sale.
According to the announcements of findings, the global incident and emergency management market is estimated to be $69.47 billion in 2013 and expected to grow to $93.39 billion in 2018. This represents an estimated Compound Annual Growth Rate (CAGR) of 6.0% from 2013 to 2018. In terms of regions, NA is expected to be the biggest market on the basis of spending and adoption for incident and emergency management solutions.
Emergency Management and Incident Management Market [Web-EOC, Geospatial, ENS, Surveillance, CBRNE, HAZMAT, BCDR, DBMS, Warning Systems, Monitoring, Phones, Gateways, First Responders, Radars, Simulation] Market Forecasts and Analysis (2013 - 2018)
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