Dublin, Aug. 18, 2021 (GLOBE NEWSWIRE) -- The "Disaster Preparedness Systems Market Size, Share & Trends Analysis Report by Type, by Solution, by Services, by Communication Technology, by End Use, by Region, and Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global disaster preparedness systems market size is expected to reach USD 255.19 billion by 2028, registering a CAGR of 7.4%
The growth can be attributed to the increasing terrorism and criminal activities coupled with unpredictable natural disasters. Disaster preparedness refers to the preparations for mitigating the damages caused by natural or manmade disasters.
It typically includes predictions of potential disasters and their probable locations, preventive measures to avoid tragedies before their occurrence, mitigation of the potential impact of disasters on vulnerable populations, and responses to effectively cope with the consequences of disasters.
Various countries are making efforts to make technological enhancements in their disaster preparedness systems. For instance, in August 2020, the defense department of the U.S. announced a partnership with other agencies such as Microsoft to develop artificial algorithms to obtain real-time data regarding disasters. This data is used for improving the decisions related to natural disasters.
Advanced technologies such as the Internet of Things (IoT) are used for collecting data from the physical environment and communicating the same to different city departments.
For instance, the Rio de Janeiro City Hall Operations Center uses IoT sensors for collecting real-time data about the traffic, weather, medical services, and police in the city. Additionally, AT&T and the city of Houston worked together to deploy IoT technology for communicating damage and identifying the risk.
The COVID-19 pandemic is expected to affect market growth favorably in the forthcoming years. Various companies came together to overcome the pandemic. For instance, in April 2020, Disaster Management Group announced a partnership with DialAmerica to provide contact tracing for COVID-19.
Disaster Preparedness Systems Market Report Highlights
- In terms of type, the safety management system segment is expected to witness significant growth over the forecast period. The rapid rise in the demand for surveillance systems for smart city projects is driving the segment growth
- In terms of solution, the geospatial solutions segment witnessed a steady growth in 2020. The demand for geospatial information to identify the accurate location of the emergency and make effective decisions is on the rise from both the government and private sectors, which is driving the segment growth
- In terms of services, the design and integration services segment witnessed the fastest CAGR in 2020. The growing preference for customized disaster preparedness systems is expected to drive the growth of the segment over the forecast period
- In terms of communication technology, the first responder tools segment witnessed the fastest CAGR in 2020. An increase in the use of first responder tools by first responders, including security personnel, fire departments, medical teams, and police personnel, is driving the segment growth
- In terms of end use, the healthcare segment registered the fastest CAGR in 2020. An increase in the need for disaster recovery plans in place among hospitals, to prevent any potential loss of imperative information and transactions, is driving the segment growth
- The increasing adoption of disaster preparedness systems in emerging economies such as India and China is expected to create growth opportunities for the market players in the Asia Pacific region over the forecast period
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Disaster Preparedness System Market - Industry Snapshot & Key Buying Criteria, 2016 - 2028
Chapter 3 Disaster Preparedness System Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Disaster Preparedness System Market - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Disaster Preparedness System Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Growth in criminal activities and terrorist attacks
3.4.1.2 Occurrence of unpredictable natural disasters due to the ever-changing climatic conditions
3.4.2 Market challenge analysis
3.4.2.1 False alarm rates
3.5 Penetration and Growth Prospect Mapping
3.6 Porter's Five Forces Analysis
3.7 Company Ranking, 2020
3.8 PESTEL Analysis
3.9 COVID-19 Impact Analysis
Chapter 4 Disaster Preparedness System Type Outlook
4.1 Market Share By Type, 2020
4.2 Emergency/Mass Notification System
4.2.1 Emergency/Mass notification system market, 2016 - 2028 (USD Million, Units)
4.3 Surveillance System
4.4 Safety Management System
4.5 Earthquake/Seismic Warning System
4.6 Disaster Recovery and Backup Systems
Chapter 5 Disaster Preparedness System Solution Outlook
5.1 Market Share By Solution, 2020
5.2 Geospatial Solutions
5.2.1 Geospatial solutions-based disaster preparedness system market, 2016 - 2028
5.3 Disaster Recovery Solutions
5.4 Situational Awareness Solutions
Chapter 6 Disaster Preparedness System Services Outlook
6.1 Market Share By Services, 2020
6.2 Training & Education Services
6.2.1 Training & education services based disaster preparedness system market, 2016 - 2028
6.3 Consulting Services
6.4 Design & Integration Services
6.5 Support & Maintenance Services
Chapter 7 Disaster Preparedness System Communication Technology Outlook
7.1 Market Share By Communication Technology, 2020
7.2 First Responder Tools
7.2.1 First responder tools based disaster preparedness system market, 2016 - 2028
7.3 Satellite Phones
7.4 Emergency Response Radars
7.5 Vehicle-Ready Gateways
Chapter 8 Disaster Preparedness System End-Use Outlook
8.1 Market Share By End Use, 2020
8.2 BFSI
8.2.1 Market in BFSI end use, 2016 - 2028
8.3 Energy and Utilities
8.4 Aerospace and Defense
8.5 Manufacturing
8.6 IT and Telecom
8.7 Public Sector
8.8 Transportation and Logistics
8.9 Healthcare
Chapter 9 Disaster Preparedness System Regional Outlook
9.1 Disaster Preparedness System Market Share by Region, 2020
Chapter 10 Competitive Landscape
- Honeywell
- Lockheed Martin
- Motorola Solutions
- Siemens
- NEC Corporation
- IBM
- Alertus
- OnSolve
- Juvare
- Singlewire Software
For more information about this report visit https://www.researchandmarkets.com/r/b1h76r
