Incident & Emergency Management Software Market is forecast to reach $120.0 billion by 2026, growing at a CAGR 5.4% from 2021 to 2026. Factors such as the increased need for security and security solutions due to increased natural disasters & terrorist attacks, implementation of public safety regulatory policies, and the need for emergency preparedness drive the growth of the global market for the incident and emergency management. Additionally, the surge in smart cities is expected to drive the adoption of smart evacuation systems and surveillance systems, thus fueling market growth in the incident and emergency management. In addition, the use of technologically advanced terror-attack equipment is expected to fuel the need for emergency and incident systems.
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Key Takeaways
•The rise in smart cities is expected to drive the adoption of smart evacuation and surveillance systems, thus boosting incident market growth and emergency management.
•The Fire & HAZMAT solution helps detect and evaluate chemical, biological, radiological, nuclear and explosive materials. It helps first responders detect contamination resulting from dangerous materials.
•APAC is expected to be the fastest growing region in terms of adopting incident- and emergency management solutions and services.
Incident & Emergency Management Software Market Segment Analysis - By Solution
During the forecast period, Fire and HAZMAT Solutions is expected to grow at a CAGR of 6.4% through 2026. The solution Fire and HAZMAT helps detect and assess chemical, biological, radiological, nuclear, and explosive materials. It helps first responders detect contamination caused by dangerous materials. Various companies supply devices used for the monitoring of hazardous materials in public places and send alerts to EOCs in the event of potential threats. Fire and HAZMAT solution is mainly adopted among verticals such as commercial and industrial, government and defence, energy and utilities, and healthcare.
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