PUBLISHER: The Business Research Company | PRODUCT CODE: 1458650
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458650
Disaster preparedness systems encompass a combination of plans, procedures, and resources implemented by individuals, communities, and organizations to anticipate, respond to, and recover from disasters. These systems are designed to minimize the impact of disasters on people, property, and the environment.
The primary types of disaster preparedness systems include emergency or mass notification systems, surveillance systems, safety management systems, earthquake or seismic warning systems, and disaster recovery and backup systems, among others. Emergency or mass notification systems aim to rapidly and effectively communicate critical information to large groups of people during emergencies or significant events. Solutions within this domain include geospatial solutions, disaster recovery solutions, and situational awareness solutions. Services offered encompass training and education, consulting, design and integration, as well as support and maintenance. Communication technologies such as first responder tools, satellite phones, emergency response radars, and vehicle-ready gateways are utilized across various industries including banking, financial services and insurance (BFSI), energy and utilities, aerospace and defense, manufacturing, information technology (IT) and telecom, public sector, transportation and logistics, healthcare, and others.
The disaster preparedness systems market research report is one of a series of new reports from The Business Research Company that provides disaster preparedness systems market statistics, including disaster preparedness systems industry global market size, regional shares, competitors with an disaster preparedness systems market share, detailed disaster preparedness systems market segments, market trends and opportunities, and any further data you may need to thrive in the disaster preparedness systems industry. This disaster preparedness systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed during the historic period can be attributed to several factors, including the increasing frequency of natural disasters, a rise in the severity of natural disasters, a growing perception of risk, escalating incidences of criminal and terrorist activities, and an overall heightened awareness of 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 anticipated growth in the forecast period can be attributed to factors such as rising urbanization, an increasing number of government policies focusing on disaster preparedness, rising economic losses due to disasters, the implementation of regulatory policies for population safety, and a growing adoption of technologically advanced disaster preparedness systems. Major trends expected in the forecast period include technological advancements in disaster preparedness systems, partnerships with local entities for effective implementation, a rising number of government initiatives to enhance disaster resilience, a focus on brand reputation and corporate social responsibility, and increased investments in infrastructure to bolster disaster preparedness measures.
The anticipated increase in the frequency of natural disasters is poised to drive the expansion of the disaster preparedness system market. Natural disasters, such as earthquakes, hurricanes, and floods, inflict severe damage on societies and communities, necessitating effective disaster management solutions. The disaster preparedness system equips communities, organizations, and individuals with tools and solutions to prepare for, respond to, and recover from such calamities more efficiently. For instance, data from the National Oceanic and Atmospheric Administration reveals that in 2022, the U.S. experienced 18 weather and climate disasters, each causing damages exceeding $1 billion. By 2023, this number surged to 28 such disasters, further emphasizing the urgency for robust disaster preparedness measures.
Leading firms in the disaster preparedness system sector are channeling their efforts towards introducing innovative products, such as comprehensive disaster recovery portfolio solutions, to maintain their market standing. A disaster recovery portfolio solution encompasses a range of policies, tools, and processes aimed at swiftly recovering critical IT infrastructure and operations post-disaster. For example, in March 2023, Huawei Technologies Co. Ltd. unveiled Storage and Optical Connection Coordination (SOCC), a unified disaster recovery portfolio solution. SOCC integrates storage and optical networks, offering a holistic approach to disaster recovery. Its primary objective is to minimize data loss and ensure business continuity in the face of disasters such as earthquakes or fires, thus addressing the critical need for resilient disaster preparedness solutions.
In May 2022, Juvare, a leading US-based company specializing in critical incident preparedness and response technology, completed the acquisition of Crisis Track for an undisclosed sum. This strategic move underscores Juvare's dedication to serving as the trusted partner for emergency management and strengthens its capabilities in damage assessment and recovery. The acquisition is geared towards solidifying Juvare's position as a prominent player in the market and addressing the unique disaster preparedness requirements of governments, organizations, and communities. Crisis Track, also based in the US, specializes in providing disaster assessment and management software solutions.
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.
North America was the largest region in the disaster preparedness systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disaster preparedness systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the disaster preparedness systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The disaster preparedness systems market includes revenues earned by entities by providing services such as risk assessment and planning, early warning systems, emergency communication systems, infrastructure resilience, emergency shelter solutions, post-disaster recovery services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The disaster preparedness systems market consists of sales of communication equipment, power generation equipment, water purification equipment and navigation equipment. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Disaster Preparedness Systems Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on disaster preparedness systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for disaster preparedness systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The disaster preparedness systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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