Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

Crisis management is the process by which an organization manages a disruptive and unexpected event that poses a threat to the organization or its stakeholders. Crisis emergency and incident management platform is a novel concept that functions as a security measure against potential disruption. Crisis emergency and incident management platforms find applications in numerous end-use verticals such as banking, finance service, and insurance (BFSI), energy and utility, aviation, healthcare, and life science, government and defense, hospitality, transportation, and logistics, telecom and IT, etc.

The global Crisis Emergency and Incident Management Platforms Market was accounted for US$ 75,408.1 Mn in terms of value in 2019 and is expected to grow at CAGR of 5.9% for the period 2020-2027.

Market Dynamics- Drivers

  1. Increasing threat levels related to terrorism are expected to drive growth of the global crisis emergency and incident management platforms market during the forecast period

Rising level of threats related to potential terror attacks, shootings, and biological hazards in the U.S. has led to rising implementation of such emergency management platforms. According to the Federal Bureau of Investigation (FBI), the number of cyber events against the U.S. government increased by 680% and active shooter events increased 3X over the period 2006–2011. According to the European Union Terrorism Situation and Trend Report 2016, the total number of failed, foiled, or completed attacks in Europe increased from 152 in 2013 to 211 in 2015. Moreover, the Centers for Disease Control and Prevention (CDC), the U.S., the total number of Zika virus were there 3,500 reported cases. In response to this, the U.S. government issued a total of US$ 25 Mn in funding to states, cities, and territories for associated health-related issues. Hence, these factors are expected to drive growth of the market during the forecast period.

  1. Proactive initiatives by government organizations are expected to propel the global crisis emergency and incident management platforms market growth over the forecast period

Various organizations are focused on exploring means to deploy systems that can warn citizens about various natural calamities such as landslides, storms, and earthquakes, and also chemical leakages, terrorist attacks, and blackouts. This is done to reduce the loss of human life and damage to property. This, in turn, is expected to propel the global crisis emergency and incident management platforms market growth in the near future.

Crisis Emergency and Incident Management Platforms Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 Pandemic have adversely affected the economies of various countries around the globe. According to the International Monetary fund Analysis, the global economy is expected to shrink down by 3% percent in the year 2020 compared to year 2019. Owing to the economic slowdown many companies are expected to reduce expenditure on the security and research areas. It is expected that companies will not buy new security systems during the COVID-19 pandemic, which will adversely affect the growth of the market.

Statistics:

North America held dominant position in the global Crisis Emergency and Incident Management Platforms market in 2019, accounting for 33.4% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Crisis Emergency and Incident Management Platforms Market Share (%) in terms of Value, By Region, 2019

Crisis Emergency and Incident Management Platforms  | Coherent Market Insights

Market Dynamics- Restraints

  1. Increase in complexity and uncertainty of disasters is expected to restrain growth of the global crisis emergency and incident management platforms market growth over the forecast period

High numbers of disasters or unfamiliar threats occur, some of which require emergency management procedures to be initiated. It is challenging and complicated for consulting firms to analyze vast amounts of data and information in a limited amount of time and predict these disasters in the near future. Emergency management firms may require to reevaluate how present services can be implemented and enhanced to meet these challenges. Hence, these factors are expected to restrain growth of the market in near future.

  1. Uncertainty in government budget allocation is expected to hamper the global crisis emergency incident management platforms market growth over the forecast period

Decline in government spending, budgetary priorities, changes in areas of spending, failure to approve government budgets on a timely basis, delays in contract awards, and procurement of grants and contract documentation are factors that could significantly and adversely hamper growth of the market during the forecast period.

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Crisis Emergency and Incident Management Platforms Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 75,408.1 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.9% 2027 Value Projection: USD 1,22,042.1 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By End user: Vertical (BFSI, Energy and Utility, Healthcare and Life Science, Government and Defense, Aviation, Hospitality, Transportation and Logistics, Telecom and IT and Others)
  • By Communication Technology: (First Responder, Satellite Phone, Vehicle Ready Gateway and Emergency Response Radar)
  • By System and Platform: (Web Based Emergency Management Software, Geospatial Technology, Emergency Notification Service, Surveillance System, Hazmat Technology, Backup and Disaster Recovery System, Earthquake/Seismic Warning System, Traffic Incident Management , Remote Weather Monitoring System and Database Management Systems(DB MS))
  • By Service: (Consulting, Emergency Operation Center (EOC) Design and Integration, Training and Simulation and Public Information Services)
Companies covered:

Honeywell International Inc., Intergraph Corporation, Lockheed Martin Corporation, Environmental System Research Institute, Inc., Motorola Solution Inc., Guardly, Rockwell Collins, Inc., Iridium Communication Inc., and Siemens AG

Growth Drivers:
  • Increasing threat levels related to terrorism
  • Proactive initiatives by government organizations
Restraints & Challenges:
  • Increase in complexity and uncertainty of disasters

Market Opportunities

  1. Emergency motivation service can present lucrative growth opportunities

Certain crisis/emergency and incidence management service providers are more focused on introducing emergency notification systems and services in order to broaden its solution offerings. For instance, in June 2014, the Honeywell International Inc., introduced NOTIFIER, which is an emergency communication system that can interface with any commercial fire alarm and broadcast live voice messages and recorded messages and emergency alerts to the public.

  1. Increasing implementation of satellite phones can provide business opportunities

Various satellite solution providers are focusing on enhancing their presence across various regions especially the Asia Pacific through a partnership with various communication solution providers in the region in order to distribute the former companies’ solutions. For instance, in June 2015, Iridium Communication Inc. partnered with Arion Communication Co., Ltd., which is a Korea-based manufacturer of maritime, aviation, and communications equipment, in order to distribute a former company’s mobile satellite communications products and services across the market in South Korea.

Figure 2: Global Crisis Emergency and Incident Management Platforms Market Value (US$ Mn), 2017 - 2027

Crisis Emergency and Incident Management Platforms  | Coherent Market Insights

The global Crisis Emergency and Incident Management Platforms market was valued at US$ 75,408.1 Mn in 2019 and is forecast to reach a value of US$ 1,22,042.1 Mn by 2027 at a CAGR of 5.9% between 2020 and 2027.

Market Trends

  1. Trends by Professional services

Public information services

Crisis/emergency and incidence management service providers are focusing on partnerships and setting up data centers across various regions in order to enhance its service offerings across such regions. For instance, in January 2017, Motorola Solution Inc. partnered with RapidSOS, which is a U.S.-based software company, in order to enhance its solution offerings primarily focusing on public safety agencies and is expected to also provide critical information to accelerate response times and improve emergency outcomes.

  1. Trends by verticals

Growing adoption of disaster management solutions by aviation and government sector

The government and aviation industry are adopting crisis and risk management solutions such as disaster recovery systems, traffic incident management, weather monitoring system, and others. These industries are adopting risk management solutions due to a rise in terrorist attacks on airports and in public places. These solutions are expected to help the government and aviation authorities to provide better security.

Competitive Section

Key players operating in the global crisis emergency and incident management platforms market are Honeywell International Inc., Intergraph Corporation, Lockheed Martin Corporation, Environmental System Research Institute, Inc., Motorola Solution Inc., Guardly, Rockwell Collins, Inc., Iridium Communication Inc., and Siemens AG.

Key Developments

  1. Key players in the market are focused on product development, in order to enhance the market presence. For instance, in May 2020, Honeywell International Inc. introduced an integrated set of solutions to improve health of building environments and operate more safely.
  2. Major market players are involved in product launches, in order to gain a competitive edge in the market. For instance, in January 2017, Lockheed Martin Corporation introduced Space-Based Infrared System (SBIRS) satellite in collaboration with the U.S. Air force for providing multi-mission surveillance in the areas of missile warning, missile defense, battlespace awareness, and technical intelligence.   

Crisis management is the process by which an organization manages a disruptive and unexpected event that poses a threat to the organization or its stakeholders. Crisis emergency and incident management platform is a novel concept that functions as a security measure against potential disruption. Crisis emergency and incident management platforms find applications in numerous end-use verticals such as banking, finance service, and insurance (BFSI), energy and utility, aviation, healthcare, and life science, government and defense, hospitality, transportation, and logistics, telecom and IT, etc.

Market Dynamics

Rising level of threats related to potential terror attacks, shootings, and biological hazards in the U.S. has led to rising implementation of such emergency management platforms. According to the Federal Bureau of Investigation (FBI), the number of cyber events against the U.S. government increased by 680% and active shooter events increased 3X over the period 2006–2011. According to the European Union Terrorism Situation and Trend Report 2016, the total number of failed, foiled, or completed attacks in Europe increased from 152 in 2013 to 211 in 2015. Moreover, the Centers for Disease Control and Prevention (CDC), the U.S., the total number of Zika virus were there 3,500 reported cases. In response to this, the U.S. government issued a total of US$ 25 Mn in funding to states, cities, and territories for associated health-related issues. Hence, these factors are expected to drive growth of the market during the forecast period. Various organizations are focused on exploring means to deploy systems that can warn citizens about various natural calamities such as landslides, storms, and earthquakes, and also chemical leakages, terrorist attacks, and blackouts. This is done to reduce the loss of human life and damage to property. This, in turn, is expected to propel the global crisis emergency and incident management platforms market growth in the near future.

Market Taxonomy

This report segments the Global Crisis Emergency and Incident Management Platforms Market on the basis of End-User Vertical, Communication Technology, System and Platform, Service and Region. On the basis of End-User Vertical, Global Crisis Emergency and Incident Management Platforms Market is segmented into BFSI, Energy and Utility, Healthcare and Life Science, Government and Defense, Aviation, Hospitality, Transportation and Logistics, Telecom and IT and Others. On the basis of Communication System and platform, the Global Crisis Emergency and Incident Management Platforms Market is segmented into Web Based Emergency Management Software, Geospatial Technology, Emergency Notification Service, Surveillance System, Hazmat Technology, Backup and Disaster Recovery System, Earthquake/Seismic Warning System, Traffic Incident Management, Remote Weather Monitoring System and Database Management Systems(DB MS). On the basis of Service, the Global Crisis Emergency and Incident Management Platforms Market is segmented into Consulting, Emergency Operation Center (EOC) Design and Integration, Training and Simulation and Public Information Services. On the basis of region, Global Crisis Emergency and Incident Management Platforms Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the Global Crisis Emergency and Incident Management Platforms Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Crisis Emergency and Incident Management Platforms Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Crisis Emergency and Incident Management Platforms Market includes Honeywell International Inc., Intergraph Corporation, Lockheed Martin Corporation, Environmental System Research Institute, Inc., Motorola Solution Inc., Guardly, Rockwell Collins, Inc., Iridium Communication Inc., and Siemens AG
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global Crisis Emergency and Incident Management Platforms market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Crisis Emergency and Incident Management Platforms Market

Detailed End-User Verticalation:

  • Global Crisis Emergency and Incident Management Platforms Market, By End-User Vertical:
    • BFSI
    • Energy and Utility
    • Healthcare and Life Science
    • Government and Defense
    • Aviation
    • Hospitality
    • Transportation and Logistics
    • Telecom and IT
    • Others
    • Consulting
    • System Integration
    • Support & Maintenance
  • Global Crisis Emergency and Incident Management Platforms Market, By Communication Technology:
    • First Responder
    • Satellite Phone
    • Vehicle Ready Gateway
    • Emergency Response Radar
  • Global Crisis Emergency and Incident Management Platforms Market, By System and Platform:
    • Web Based Emergency Management Software
    • Geospatial Technology
    • Emergency Notification Service
    • Surveillance System
    • Hazmat Technology
    • Backup and Disaster Recovery System
    • Earthquake/Seismic Warning System
    • Traffic Incident Management
    • Remote Weather Monitoring System
    • Database Management Systems(DB MS)
  • Global Crisis Emergency and Incident Management Platforms Market, By Service:
    • Consulting
    • Emergency Operation Center (EOC) Design and Integration
    • Training and Simulation
    • Public Information Services
  • Global Crisis Emergency and Incident Management Platforms Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa
  • Company Profiles
    • Environmental System Research Institute, Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Guardly
    • Honeywell International Inc.
    • Intergraph Corporation
    • Iridium Communication Inc.
    • Lockheed Martin Corporation
    • Motorola Solution Inc.
    • Rockwell Collins, Inc.
    • Siemens AG

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Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, BY End-User Vertical
      • Market Snippet, By Communication Technology
      • Market Snippet, BY System and Platform
      • Market Snippet, By Service
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Communication Technology Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Crisis Emergency and Incident Management Platforms Market, BY End-User Vertical, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • End-User Vertical Trends
    • BFSI
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Energy and Utility
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Healthcare and Life Science
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Government and Defense
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Aviation
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Hospitality
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Transportation and Logistics
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Telecom and IT
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  5. Global Crisis Emergency and Incident Management Platforms Market, By Communication Technology, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • End-User Vertical Trends
    • First Responder
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Satellite Phone
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • First Responder
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Vehicle Ready Gateway
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Emergency Response Radar
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global Crisis Emergency and Incident Management Platforms Market, By System and Platform, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • End-User Vertical Trends
    • Web Based Emergency Management Software
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Geospatial Technology
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Emergency Notification Service
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Surveillance System
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Hazmat Technology
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Backup and Disaster Recovery System
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Earthquake/Seismic Warning System
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Traffic Incident Management
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Remote Weather Monitoring System
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Database Management Systems(DB MS)
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  7. Global Crisis Emergency and Incident Management Platforms Market, By Service, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • End-User Vertical Trends
    • Consulting
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Emergency Operation Center (EOC) Design and Integration
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Training and Simulation
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Public Information Services
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  8. Global Crisis Emergency and Incident Management Platforms Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, End-User Vertical, 2020–2027(US$ Million)
      • Market Size and Forecast, By Communication Technology, 2020–2027 (US$ Million)
      • Market Size and Forecast, System and Platform, 2020–2027(US$ Million)
      • Market Size and Forecast, By Service, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, End-User Vertical, 2020–2027(US$ Million)
      • Market Size and Forecast, By Communication Technology, 2020–2027 (US$ Million)
      • Market Size and Forecast, System and Platform, 2020–2027(US$ Million)
      • Market Size and Forecast, By Service, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, End-User Vertical, 2020–2027(US$ Million)
      • Market Size and Forecast, By Communication Technology, 2020–2027 (US$ Million)
      • Market Size and Forecast, System and Platform, 2020–2027(US$ Million)
      • Market Size and Forecast, By Service, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, End-User Vertical, 2020–2027(US$ Million)
      • Market Size and Forecast, By Communication Technology, 2020–2027 (US$ Million)
      • Market Size and Forecast, System and Platform, 2020–2027(US$ Million)
      • Market Size and Forecast, By Service, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, End-User Vertical, 2020–2027(US$ Million)
      • Market Size and Forecast, By Communication Technology, 2020–2027 (US$ Million)
      • Market Size and Forecast, System and Platform, 2020–2027(US$ Million)
      • Market Size and Forecast, By Service, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • Environmental System Research Institute, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Guardly
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Honeywell International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Intergraph Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Iridium Communication Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lockheed Martin Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Motorola Solution Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Rockwell Collins, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Siemens AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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Frequently Asked Questions

The global market for Crisis Emergency and Incident Management Platforms is expected to reach USD 90,097.3Million by 2022.
Increasing threat levels related to terrorism expected to drive growth of the global Crisis Emergency and Incident Management Platforms market during the forecast period
BFSI sub-segment holds the largest market share among Vertical segment contributing 21.4% market share in terms of value in 2019.
North America region hold the largest share in the global Crisis Emergency and Incident Management Platforms market in 2019, accounting for 33.4% share in terms of value.
Key players operating in the global Crisis Emergency and Incident Management Platforms market are Honeywell International Inc., Intergraph Corporation, Lockheed Martin Corporation, Environmental System Research Institute, Inc., Motorola Solution Inc., Guardly, Rockwell Collins, Inc., Iridium Communication Inc., and Siemens AG
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