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Emergency Management Market (Warning Systems, Simulation, First Responders) Worth $93.39 Billion by 2018 - New Report by MarketsandMarkets
Date:11/26/2013

d by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).

Changing climatic conditions, increasing natural disasters, government pressures for safety and regulatory policies, and increased terrorist attacks and home violence are playing a major role in shaping the future of the incident and emergency management market. Even though there are incident and emergency management solutions being implemented, most of the solutions are outdated and have ageing technology. Now, many Tier 1 companies are providing sophisticated and technologically advanced solutions and are getting into this escalating market for incident and emergency management. The major forces driving this market are changing climatic conditions, increasing government regulations and norms, and increasing terrorist attacks and home violence.

MarketsandMarkets expects that the global incident and emergency management market is estimated to be $69.47 billion in 2013 and is 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 the current scenario, NA is expected to be the biggest market on the basis of spending and adoption for the incident and emergency management solutions and services. MarketsandMarkets further expects that the increasing incident and emergency management markets in the developing economies will further enhance the growth of the market.

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