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Global Disaster Preparedness Systems Market Comprehensive Study: Forecasted Market Size And Growth Rate | Siemens AG, The Lockheed Martin Corporation, Airbus SE, International Business Machines Corporation, Honeywell International Inc., Johnson Controls I
Disaster Preparedness Systems Market Size
The Business Research Company offers in-depth market insights through Disaster Preparedness Systems Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The disaster preparedness systems market size has grown strongly in recent years. It will grow from $184.66 billion in 2023 to $201.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increasing frequency of natural disasters, increasing frequency and severity of natural disasters, growing risk perception, escalating incidences of criminal and terrorist activities,heightened disaster risks.The disaster preparedness systems market size is expected to see strong growth in the next few years. It will grow to $283.18 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to rising urbanization, growing number of government policies, rising economic losses, rising regulatory policies for population safety, growing adoption of technologically advanced disaster preparedness systems. Major trends in the forecast period include technological advancements, partnerships with local entities, increasing number of government initiatives, brand reputation and corporate social responsibility, investments in infrastructure.
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Market Segmentation:
The disaster preparedness systems market covered in this report is segmented -
1) By Type: Emergency Or Mass Notification System, Surveillance System, Safety Management System, Earthquake Or Seismic Warning System, Disaster Recovery And Backup Systems, Other Types
2) By Solutions: Geospatial Solutions, Disaster Recovery Solutions, Situational Awareness Solutions
3) By Services: Training And Education Services, Consulting Services, Design And Integration Services, Support And Maintenance Services
4) By Communication Technology: First Responder Tools, Satellite Phones, Emergency Response Radars, Vehicle-Ready Gateways, Other Communication Technologies
5) By End-use: Banking, Financial Services And Insurance (BFSI), Energy And Utilities, Aerospace And Defense, Manufacturing, Information Technology (IT) And Telecom, Public Sector, Transportation And Logistics, Healthcare, Other End-uses
Major Driver - Rising Frequency Of Natural Disasters Fuels Growth In The Disaster Preparedness System Market
The rise in the frequency of natural disasters is expected to propel the growth of the disaster preparedness system market going forward. A natural disaster is a highly harmful impact on a society or community following a natural hazard like earthquakes, hurricanes, floods, or other natural events. The disaster preparedness system helps to reduce the frequency of natural disasters by providing various solutions and tools to communities, organizations, and individuals to prepare for, respond to, and recover from disasters more effectively. For instance, according to the National Oceanic and Atmospheric Administration, a US-based government agency, in 2022, the U.S. encountered 18 distinct weather and climate disasters, each with a cost of at least $1 billion, while in 2023, the U.S. faced 28 separate weather and climate disasters, each with a cost of at least $1 billion. Therefore, the rise in the frequency of natural disasters is driving the growth of the disaster preparedness system market.
Competitive Landscape:
Major companies operating in the disaster preparedness systems market report are Siemens AG, The Lockheed Martin Corporation, Airbus SE, International Business Machines Corporation, Honeywell International Inc., Johnson Controls International plc, NEC Corporation, Asahi Kasei Corporation, Eaton Corporation, Motorola Solutions Inc., Kumho Petrochemical Co. Ltd., Kuraray Co.Ltd., JSR Corporation, Avient Corporation, Denka Company Limited, Lee Chang Yung Chemical Industry Corp., Blackboard Inc., Everbridge Inc., OnSolve LLC, Singlewire Software LLC, Juvare, Alertus Technologies LLC, CrisisGo Inc.
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Top Trend - Disaster Preparedness Market Growth Through Advanced Technologies and Innovative Solutions
Major companies operating in the disaster preparedness system market are focusing on innovative products, such as disaster recovery portfolio solutions, to sustain their position in the market. A disaster recovery portfolio solution is a comprehensive set of policies, tools, and processes used to recover or continue operations of critical IT infrastructure, software, and systems after a natural or human-made disaster. For instance, in March 2023, Huawei Technologies Co. Ltd., a China-based technology corporation, launched Storage and Optical Connection Coordination (SOCC), a unified disaster recovery portfolio solution. It is designed to solve service losses and ensure the swift recovery of operations. SOCC is the industry's first solution that combines storage and optical networks to provide a unified disaster recovery portfolio solution. Its main goal is to reduce data loss and avoid business interruptions in the event of calamities like earthquakes or fires.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Disaster Preparedness Systems Market Characteristics
3. Disaster Preparedness Systems Market Trends And Strategies
4. Disaster Preparedness Systems Market - Macro Economic Scenario
5. Disaster Preparedness Systems Market Size And Growth
…..
27. Disaster Preparedness Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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