Incident and Emergency Management Market

Top Companies List of Incident and Emergency Management Industry - Honeywell (US), Lockheed Martin (US) | MarketsandMarkets

MarketsandMarkets forecasts that the global incident and emergency management market will grow from an estimated USD 121.4 billion in 2022 to USD 163.6 billion by 2027, at a compound annual growth rate (CAGR) of 6.2%. Government initiatives and regulations regarding incident and emergency management are expected to fuel market growth.

What is Incident and Emergency Management?

According to MarketsandMarkets, an incident and emergency management plan can help organizations, officers, and responders to prepare and act for any kind of disaster/emergency caused by earthquakes, hurricanes, epidemics, explosions, floods, terrorist attacks, and other devastating events. The incident and emergency management solutions ensure the preparation, response, recovery, and mitigation of daily incidents, emergencies, and disasters. The solution ensures proper management of incidents along with situational awareness during emergency response and recovery phases.

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Major Incident and Emergency Management Companies Include

  • Honeywell (US)
  • Lockheed Martin (US)
  • Siemens (Germany)
  • NEC (Japan)
  • IBM (US)
  • Hexagon (Sweden)

Honeywell (US)

Honeywell has its presence in the regions of the US and Europe with an employee count of 103,000 worldwide (as of 31st December 2020) and has about 1,250 operational sites across 70 countries. The company is publicly listed on the New York Stock Exchange (NYSE). Honeywell operates through four business operating segments: Performance Materials and Technologies, Aerospace, Honeywell Building Technologies, and Safety and Productivity Solutions. Honeywell offers various products in the incident and emergency management market, such as security management systems, integrated control and safety systems, and instant alerts.

Lockheed Martin (US)

Another important player in the incident and emergency management market is Lockheed Martin. Lockheed Martin is a global security and aerospace company principally engaged in researching, designing, developing, manufacturing, integrating, and sustaining advanced technology systems, products, and services. They also provide a broad range of management, engineering, technical, scientific, logistics, system integration and cybersecurity services. Lockheed Martin has designed a Global Emergency Operations Center (GEOC), which centrally helps its employees and citizens during the time of emergencies.

Lockheed Martin basically serves both the US and international customers with products and services that have defense, civil and commercial applications, with their principal customers being agencies of the US Government. Their main areas of focus are on defense, space, intelligence, homeland security and IT, including cybersecurity.

Siemens (Germany)

Siemens AG, headquartered in Munich, Germany, is a global powerhouse focusing on the areas of electrification, automation, and digitalization. The company operates in over 200 countries and is involved in numerous sectors including industry, infrastructure, transport, and healthcare. Siemens is renowned for its innovative solutions in power generation and distribution, intelligent infrastructure for buildings, and smart mobility solutions for road and rail transport. Additionally, the company is a leader in medical technology and digital healthcare services.

Founded in 1847 by Werner von Siemens, the company has a rich history and has grown to become one of the largest industrial manufacturing companies in the world. Siemens employs around 320,000 people globally and has significant investments in research and development, contributing to its large portfolio of patents.

NEC (Japan)

NEC Corporation, headquartered in Tokyo, Japan, is a prominent multinational company specializing in information technology and network solutions. Established in 1899, NEC has a long history and is a key player in the fields of telecommunications, IT services, and system integration. The company provides a wide range of solutions including cloud computing, artificial intelligence, and cybersecurity.

NEC is particularly noted for its contributions to communications infrastructure and has been involved in significant projects such as the development of advanced network technologies and public safety solutions. The company aims to leverage its technological expertise to drive social innovation and enhance the quality of life globally.

IBM (US)

International Business Machines Corporation (IBM), headquartered in Armonk, New York, USA, is one of the world's leading technology companies, known for its extensive range of hardware, software, and consulting services. Founded in 1911, IBM has played a pivotal role in the development of the computing industry. The company's offerings include cloud computing, artificial intelligence, data analytics, and quantum computing.

IBM is also a major player in enterprise solutions, providing technologies and services that help businesses optimize operations and drive innovation. The company has a strong focus on research and development, evidenced by its substantial patent portfolio and ongoing investments in emerging technologies.

Hexagon (Sweden)

Hexagon AB, headquartered in Stockholm, Sweden, is a global leader in digital reality solutions, combining sensor, software, and autonomous technologies. Founded in 1992, Hexagon operates across various industries including manufacturing, construction, agriculture, and defense. The company is renowned for its innovative solutions in geospatial and industrial enterprise applications, helping clients improve efficiency, productivity, and quality.

Hexagon's technology portfolio includes precision measurement tools, software solutions for data capture and analysis, and autonomous systems. The company is dedicated to driving digital transformation across industries by integrating physical and digital worlds through smart solutions

Related Reports:

Incident and Emergency Management Market by Component (Solutions (Emergency/Mass Notification, Perimeter Intrusion Detection, and Fire and HAZMAT), Services, and Communication Tools and Devices), Vertical and Region - Global Forecast to 2027

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Incident and Emergency Management Market Size,  Share & Growth Report
Report Code
TC 2158
RI Published ON
2/1/2023
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