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EMERGENCY MANAGEMENT SOFTWARE MARKET REPORT OVERVIEW
The global Emergency Management Software Market size was USD 296 million in 2022 and will touch USD 628.2 million by 2029, exhibiting a CAGR of 11.3% during the forecast period.
Emergency management software is a set of tools or platforms that are used to address the need of organizations or agencies tasked with the responsibility to anticipate and response to emergencies and other forms of disasters. These software solutions provide multiple elements that allow for good coordination and organization of communication and resources during a crisis.
COVID-19 Impact: Market Growth increased by the Pandemic due to Increased Demand for Digital Solutions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 outbreak has shifted organizations’ views and investments toward digital cloud EMS solutions to automate more robust scale-up emergencies from remote locations. Amid lockdowns and other protection measures, the old ways of working shifted, and there was a growing necessity for the application software that could manage remote occurrence reporting and all the resources for the scattered teams.
LATEST TRENDS
"Integration of AI and Machine Learning to Propel Market Growth"
Another key trend in the EMS market is the application of Artificial Intelligence and Machine Learning technologies, which provide high potential to strengthen preventive, combating and diagnostic capabilities in the framework of developing and implementing the EMS. The situation-based AI and ML systems consider the past data repository, real-time information (weather prediction, social media updates, and sensor data), and historical patterns of incidents to predict emergencies in advance. This ability helps the emergency managers to predict threats, plan for them ahead, and take action to address them with an aim of reducing threats that lead to disasters.
EMERGENCY MANAGEMENT SOFTWARE MARKET SEGMENTATION
By Type
Based on type the market can be categorized into Cloud Based and Web Based.
- Cloud Based- Cloud-based emergency management software is defined as software applications and platforms for the management of emergencies that are delivered through Web browser, Operating System, or Application Interface using Internet technologies as the means of software delivery.
- Web-Based- Web-based emergency management software is such that the user interacts with it through the installed web browsers and are often hosted on a Web server or some server center.
By Application
Based on application the market can be categorized into Large Enterprises and SMEs.
- Large Enterprises- Many larger companies can manage tasks and instances in multiple locations, and they may require cross-site or centralized solutions. Centralized incident management is another aspect as using the logistics of the EMS means having a single reporting, monitoring, and response system to incidents in as close to real-time as possible.
- SMEs- EMS solutions assist SMEs in the area of managing accidental occurrences through reporting and response mechanisms. They have clearly developed interfaces for users to case in incidents and track responses as well as initiate actions of responses.
DRIVING FACTORS
"Increasing Frequency and Severity of Disasters to Drive Market Advancement"
One of the key driving factors in the Emergency Management Software market growth is the Increasing Frequency and Severity of Disasters. This paper argues that major drivers that enshrine the emergency management software include; The rising trend of natural and manmade disasters around the world. Global warming is resulting in more rigorous catastrophes, including hurricanes, fires, floods, and quakes, and such occurrences are increasing in frequency and severity and their effect on population, companies, and properties. concurrently the pandemics, the industrial accidents have the important and significant role in the compliance and the several facets of the emergency response. In summary, EMS is very useful to support organizations, or government agencies to be ready and prepare for implementing these emergencies at the right time with efficient ways as well as to facilitate their operations to recover from these emergencies. In using modern technology and real-time analysis of the operational and business data, the EMS can support the proactive evaluation of the risks and resources, and their allocation, based on such evaluations supported by predictive modeling and historical analysis.
"Focus on Public Safety and Security to Expand the Market"
Concern towards the safety and security of people, which is now a big concern all over the world, is a major motivator for the use and advancement of Emergency Management Software (EMS). There are various sources of threat to public safety in the present times; these include natural disasters such as floods, disease outbreaks for instance the COVID-19 pandemic, acts of terrorism, industrial disasters, and cyber incidents. Various global and regional authorities such as governments, municipalities, organizational entities, and communities acknowledge the significance of prevention and timely response, coordinated in relation to these hazards, for the sake of protecting their people. EMS is a crucial enabler of public safety and security through offering end to end solution that allow early identification of emerging risks, continual monitoring of the situation, and effective coordination in response to various emergent circumstances. These software solutions help in the development and execution of procedural and tactical emergency response and risk management plans, as well as communication strategies to combat possible risks or threats.
RESTRAINING FACTOR
"Cost and Budget Constraints Poses Potential Impediments to Market Growth "
Emergency Management Software (EMS) within organizations and government agencies. EMS solutions typically involve substantial upfront costs for software licensing, implementation, customization, and ongoing maintenance. For many small to medium-sized enterprises (SMEs), non-profit organizations, and public sector entities with limited financial resources, these expenses can be prohibitive. The initial investment required to deploy EMS may include hardware infrastructure upgrades, software licenses, and fees for training staff on new systems. Moreover, ongoing costs such as subscription fees, software updates, and technical support further strain limited budgets over time.
EMERGENCY MANAGEMENT SOFTWARE MARKET REGIONAL INSIGHTS
"North America to Dominate the Market due to Technological Advancements and Regulatory Environment"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
North America has emerged as the most dominant region in the Emergency Management Software market share due to a convergence of factors that propel its leadership in this dynamic industry. North America is ahead in technological innovation in EMS solutions, particularly by involving advanced technologies such as AI, IoT, and cloud computing in EMS solutions due to the technological advancement in the US. Safety regulations and codes inherent with the central region and particularly the North America insist on fully capable and responsive emergency management solutions across all sectors to incorporate emergency management systems to cope with disasters and enhanced operations in governments, healthcare and critical facilities.
KEY INDUSTRY PLAYERS
"Key Players Transforming the Emergency Management Software Landscape through Innovation and Global Strategy"
Major industry players are pivotal in shaping the Emergency Management Software market, driving change through a dual strategy of continuous innovation and a well-thought-out global presence. By consistently introducing inventive solutions and staying at the forefront of technological progress, these key players redefine the industry's standards. Simultaneously, their expansive global reach enables effective market penetration, addressing diverse needs across borders. The seamless blend of groundbreaking innovation and a strategic international footprint positions these players as not only market leaders but also as architects of transformative shifts within the dynamic domain of Emergency Management Software.
List of Market Players Profiled
- BeSafe (Italy)
- ArcGIS (Spain)
- Dude (U.S.)
- DisasterLAN (U.S.)
- Everbridge (U.S.)
INDUSTRIAL DEVELOPMENT
Feb 2020: BAE Systems which was to receive communication devices inside the aircraft that belonged to the US Navy’s Naval Air Warfare Center Aircraft Division (NAWCAD this year) stated that it was awarded this contract which was projected to be worth as much as USD 212 million.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 296 Million in 2022 |
Market Size Value By |
US$ 628.2 Million by 2029 |
Growth Rate |
CAGR of 11.3% from 2022 to 2029 |
Forecast Period |
2022-2029 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is Emergency Management Software market expected to touch by 2029?
The Emergency Management Software market is expected to reach USD 628.2 million by 2029.
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What CAGR is the Emergency Management Software Market expected to exhibit by 2029?
The Emergency Management Software Market is expected to exhibit a CAGR of 11.3% by 2029.
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Which are the driving factors of the Emergency Management Software Market?
Increasing Frequency and Severity of Disasters and Focus on Public Safety and Security are some of the driving factors of the Emergency Management Software market.
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What are the key Emergency Management Software Market segments?
The Emergency Management Software market segmentation that you should be aware of, which includes, based on type the Emergency Management Software market is classified as Cloud Based and Web Based. Based on the application Emergency Management Software market is classified as Large Enterprises and SMEs.