According to the report, the global incident and emergency management market was valued at $75.46 billion in 2017 and is expected to reach $423.32 billion, registering a CAGR of 24.2% from 2018 to 2025.
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The report bifurcates emergency management systems based on type into mass notification system, surveillance system, traffic management system, safety management system, earthquake warning system, disaster recovery & backup system, and others. In 2017, the surveillance system segment garnered the highest revenue of $20.04 billion, contributing about 26% of the total market share. However, disaster recovery and backup system segment is expected to grow at the fastest CAGR of 26.9% through 2025.
The report splits services segment into training & education services, consulting services, design & integration services, and support & maintenance services. In 2017, design and integration services segment contributed almost one-third share of the total market revenue. However, training and education services segment would manifest the fastest growth, registering a CAGR of 26.3% by 2025.
The report discusses the major industrial vertical, including BFSI, public sector, healthcare, telecom & IT, energy & utilities, manufacturing, aerospace & defense, transportation & logistics, and others. In 2017, energy and utilities garnered $13.04 billion, contributing about 17% of the total market share. However, the healthcare sector would register the highest CAGR of 28.3% through 2025.
The report divides communication technology into first responder tools, satellite phones, emergency response radar, vehicle ready gateways, and others. The emergency response radar technology would demonstrate the fastest growth of 27.1?GR during the study period. In addition, the other segment, which comprises CBRNe/Hazmat Detection system and tsunami warning system, would grow at the fastest CAGR of 27.9% during the forecast period.
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The report discusses the major players of the global incident and emergency management market, including Esri Inc., IBM Corporation, Intermedix Corporation, Motorola Solutions, Inc., Rockwell Collins and Siemens AG, Honeywell International Inc., Intergraph Corporation, Lockheed Martin Corporation, NEC Corporation.
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