Crisis, Emergency and Incident Management Platforms

Crisis, Emergency and Incident Management Platforms

Global Crisis, Emergency and Incident Management Platforms Market to Reach $116.1 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Crisis, Emergency and Incident Management Platforms estimated at US$84.9 Billion in the year 2020, is projected to reach a revised size of US$116.1 Billion by 2027, growing at a CAGR of 4.6% over the analysis period 2020-2027. Surveillance Systems, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$38.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Emergency Notification Services segment is readjusted to a revised 4.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $25 Billion, While China is Forecast to Grow at 4.2% CAGR

The Crisis, Emergency and Incident Management Platforms market in the U.S. is estimated at US$25 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.4 Billion by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.Remote Weather Monitoring Systems Segment to Record 3% CAGR

In the global Remote Weather Monitoring Systems segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.3 Billion in the year 2020 will reach a projected size of US$10.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 47 Featured) -

• Honeywell International, Inc.
• Intergraph Corporation
• Iridium Communications, Inc.
• Lockheed Martin Corporation
• Motorola Solutions, Inc.
• Rockwell Collins, Inc.
• Siemens AG

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