Disaster Preparedness Systems Market Size Worth $255.19 Billion by 2028: Grand View Research, Inc.

SAN FRANCISCO, August 30, 2021 /PRNewswire/ –The World disaster preparedness systems market size is expected to reach $255.19 billion by 2028, recording a CAGR of 7.4% from 2021 to 2028, according to a new report from Grand View Research, Inc.. The growth can be attributed to the increase in terrorism and criminal activities associated with unpredictable natural disasters. Disaster preparedness refers to preparations to mitigate damage caused by natural or man-made disasters. This typically includes predictions of potential disasters and their likely locations, preventive measures to avert tragedies before they occur, mitigating the potential impact of disasters on vulnerable populations, and responses to cope effectively. to the consequences of disasters.

Various countries are trying to make technological improvements to their disaster preparedness systems. For example, in August 2020, the United States Department of Defense announced a partnership with other agencies such as Microsoft to develop artificial algorithms to obtain real-time disaster data. This data is used to improve decisions related to natural disasters.

Key information and conclusions:

  • In terms of type, the security management systems segment is expected to witness significant growth over the forecast period. Rapid increase in demand for surveillance systems for smart city projects is driving the growth of the segment
  • In terms of solution, the geospatial solutions segment has seen steady growth in 2020. The demand for geospatial information to identify the precise location of the emergency and make effective decisions is increasing from government and industry private, 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 custom 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 experienced the fastest CAGR in 2020. An increase in the use of first responder tools by first responders, including security personnel, firefighters, medical teams and police personnel, driving segment growth
  • In terms of end use, the healthcare segment recorded the fastest CAGR in 2020. An increase in the need for disaster recovery plans in place in hospitals, to avoid any potential loss of information and imperative transactions , driving segment growth
  • The growing adoption of disaster preparedness systems in emerging economies such as India and China is expected to create growth opportunities for market players in the Asia Pacific region during the forecast period

Read the 150-page market research report, “Disaster Preparedness Systems Market Size, Share & Trend Analysis Report by Type, by Solution, by Services, by Communication Technology, by End Use, by Region and Segment Forecast, 2021-2028”, by Grand View Research

Advanced technologies such as the Internet of Things (IoT) are used to collect data from the physical environment and communicate it to various city departments. For example, the Rio de Janeiro The City Hall Operations Center uses IoT sensors to collect real-time data on traffic, weather, medical services and police in the city. Additionally, AT&T and the City of Houston worked together to deploy IoT technology to communicate damage and identify risk.

The COVID-19 pandemic is expected to favorably affect the market growth in the coming years. Various companies have come together to overcome the pandemic. For example, in April 2020Disaster Management Group announced a partnership with DialAmerica to provide contact tracing for COVID-19.

Grand View Research has segmented the global disaster preparedness systems market on the basis of type, solution, services, communication technology, end-use, and region:

  • Disaster Preparedness Systems Type Outlook (Revenue, USD Million, 2016 – 2028)
    • Emergency/mass notification system
    • Surveillance system
    • Safety Management System
    • Seismic/earthquake warning system
    • Disaster recovery and backup systems
    • Others
  • Disaster Preparedness Systems Solution Outlook (Revenue, USD Million, 2016 – 2028)
    • Geospatial Solutions
    • Disaster recovery solutions
    • Situational Awareness Solutions
  • Disaster Preparedness Systems Services Outlook (Revenue, USD Million, 2016 – 2028)
    • Training and education services
    • Consulting services
    • Design and integration services
    • Support and maintenance services
  • Disaster Preparedness Systems Communication Technology Outlook (Revenue, USD Million, 2016 – 2028)
    • First responder tools
    • Satellite phones
    • Emergency Response Radars
    • Vehicle-ready walkways
    • Others
  • Disaster Preparedness Systems End Use Outlook (Revenue, USD Million, 2016 – 2028)
    • BFSI
    • Energy and Utilities
    • Aeronautics and Defense
    • Manufacturing
    • IT and Telecom
    • Public sector
    • Transport and logistics
    • Health care
    • Others
  • Disaster Preparedness Systems Regional Outlook (Revenue, USD Million, 2016 – 2028)
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

List of Disaster Preparedness Systems Market Key Players

  • Honeywell
  • Lockheed Martin
  • Motorola Solutions
  • Siemens
  • NEC Corporation
  • IBM
  • Alert
  • About Solve
  • Juvare
  • One-wire software

Browse rand View Research coverage on the Global next-generation technology industry:

  • Satellite Communications Market – The global satellite communications market size was valued at $66.63 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2021 to 2028.
  • Disaster Recovery Solutions Market – Global Disaster Recovery Solutions market size was valued at $1.69 billion in 2016 and is expected to gain momentum over the forecast period.
  • Mass Notification System Market – Global Mass Notification System market size was valued at $5.7 billion in 2018 and is expected to register a CAGR of 16.7% from 2019 to 2025.

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About Grand View Research

Grand View Research, a US-based market research and consulting firm, provides syndicated and custom research reports and consulting services. Checked in California and whose head office is at San Francisco, the company has more than 425 analysts and consultants, adding more than 1,200 market research reports to its extensive database each year. These reports offer in-depth analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess upcoming opportunities.

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SOURCEGrand View Research, Inc.