Disaster Preparedness Systems Market Analysis Report By Type, By Solution, By Services, By Communication Technology, By End Use, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global disaster preparedness systems market was prized by USD 146.03 billion in 2020. It is estimated to witness a 7.4% CAGR from 2021 to 2028.

Drivers

The growth in natural calamities is single of the most important reason, stimulating the necessity for disaster preparedness systems. Consistent with the information, given by the Down to Earth organization, in contrast to 2019, the 27.0% growth is recorded in natural calamities, during 2020. In line with the details given by a supplier of fiscal services, Aon, the world paid USD 75 billion as the expenses for the natural calamities, in 2020. As a consequence, there is an increase in demand for the disaster preparedness systems, to witness a decrease in the expenditure come in, owing to the calamities.

The disaster preparedness systems offer a preparation for the crisis awareness along with the efficient event avoidance and administration way out to assist businesses, in getting out of the consequences, sourced because of the natural calamity. The system offers a range of benefits to the businesses, like better maintenance, augmented efficiency of the members of staff, price effectiveness, and others.

Effect of Covid-19

The eruption of the Covid-19 pandemic is estimated to positively influence the expansion of the market for disaster preparedness systems, during the approaching years. A variety of companies collaborated to overpower the pandemic. For example, Disaster Management Group declared a joint venture with Dial America to offer contact tracing for Covid-19, in April 2020.

Communication Technology Insight

The emergency response radars sector held, above 29.0% revenue share and dominated the global disaster preparedness system market, in 2020. These systems are utilized for finding victims of the tragedy. This technology makes it possible, the disaster reaction squad to locate the hidden victims of the tragedy, using following their heartbeats. Therefore, the rising natural calamities are stimulating the necessity for the emergency response radars sector.

The satellite phones sector is anticipated to record the highest enlargement, during the forecast period. The satellite mobile phone utilizes the satellite to converse with a landline, cellular well as additional satellite phones, all over the world. Mostly, these phones are utilized to organize reaction and rescue efforts, within the region, where the presented set of connections is broken, owing to the natural calamity.

Service Insight

In 2020, the consulting services sector held, above 39.0% revenue share and led the global disaster preparedness systems market. Numerous associations are offering services of consulting, preparation for emergencies, and improvement of the procedures. These businesses assist in designing, organizing, and developing policies for the administration of calamity. Moreover, it offers reliable back-to-back consulting services.

The training & education services sector is expected to record the highest development, during the forecast period. The major employment of the disaster preparedness systems has generated the demand for expert services, particularly the training & education services, which are given to disaster administration volunteers, disaster reaction squad, and initial responders.

The training assists in boosting their expertise and increases the stages of attentiveness, along with the reaction ability. These are a few things that are estimated to steer the expansion of the training & education services sector, all through the forecast period.

Solution Insight

The disaster recovery solutions sector held over 39.0% revenue share and dominated the global disaster preparedness systems market, in 2020. Disaster recovery is the procedure that is put into action by every one organization, to make sure speedy retrieval of applications, hardware, and data, which are important for the function of industry, in the occasion of natural calamity. Disaster recovery solutions make sure that the businesses maintain their information safe and acquiescent with industry.

The geospatial solutions sector is likely to record the highest development, throughout the forecast period. Geospatial solutions are utilized for gathering, scrutinize, and stock up geological information. The geospatial solution is utilized to construct a record for important amenities like hospitals, fire stations, police stations, and others. It will assist in planning for the calamity condition.

Type Insight

The surveillance system sector held above 36.0% revenue share and dominated the global market for disaster preparedness systems, in 2020. For the duration of emergencies like conflicts, natural calamities, pandemics, and others, the surveillance system is very much important. It facilitates the administrations in recognizing the threat factors and decides action strategy. On account of its benefits like better efficiency, abridged prices, distant supervise, and others, the demand for surveillance systems is elevated.

The earthquake/seismic warning system section is projected to record the highest development, during the forecast period. The earthquake/seismic warning system notices major earthquakes and warns the citizens before the trembling turn up.

As a result of the joint venture between the U.S. Geological Survey and the U.S. Department of Agriculture’s Forest Service, over 200 numbers of seismometers got installed through Washington, Oregon, and California, in January 2021. This system accumulates concurrent information, to distribute and extend warnings to the close-by populations.

End-Use Insight

In 2020, the BFSI sector held over 21.0% revenue share and led the global disaster preparedness system market. Natural calamities hurt insurance companies, due to which there is a necessity between them for the disaster preparedness systems.

The healthcare sector is anticipated to record the highest expansion, during the forecast period. Natural calamities affect the functions of hospitals which, by this means, generate the requirement between them, for the disaster preparedness systems.

Regional Insight

In 2020, North America held, more than 34.0% revenue share and dominated the global market. The U.S. detained the principal share of the market because the government is; evermore, concentrating on the development along with the installation of intellectual disaster administration plus alleviation devices, to decrease the reaction time in addition to lessen the destruction, sourced by the natural as well as a manmade calamity. A classic disaster preparedness system can perform a vital function, in accelerating the urgent situation forecast and recuperation procedure. The rising figure and expenditure of the calamity, as a result of the altering weather, is one of the most important factors generating the necessity for the disaster preparedness systems, within the region.

Asia Pacific is anticipated to observe a momentous CAGR, during the forecast period. The rising government spending on the administration systems for the calamity as well as the urgent situation, to protect the nation is stimulating the enlargement of the market for the disaster preparedness systems, within the state. Diverse disaster preparedness systems are installed, through disaster-prone regions in the nations like China and India. India had set up an Earthquake Early Warning (EEW) arrangement, within the seismic crack near the Himalayan region, during recent times. It is positioned in the areas, which are extremely susceptible to the seismic threat.

Companies

The market for disaster preparedness systems is aggressive and is extremely disjointed. Key participants of the market are paying attention to a variety of inorganic as well as natural approaches like R&D, modernization of the product, joint ventures, and physical growth, to make stronger their place in the global market.

Some of the companies for disaster preparedness systems market are:

    • Singlewire Software
    • OnSolve
    • IBM
    • Siemens
    • Lockheed Martin
    • Juvare
    • Alertus
    • NEC Corporation
    • Motorola Solutions
    • Honeywell

Report Scope

Segments Covered in the Report

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For this study, Million Insights has segmented the global disaster preparedness systems market report based on type, solution, services, communication technology, end-use, and region:

• Type Outlook (Revenue, USD Million, 2016 - 2028)
    • Emergency/Mass Notification System
    • Surveillance System
    • Safety Management System
    • Earthquake/Seismic Warning System
    • Disaster Recovery and Backup Systems
    • Others

• Solution Outlook (Revenue, USD Million, 2016 - 2028)
    • Geospatial Solutions
    • Disaster Recovery Solutions
    • Situational Awareness Solutions

• Services Outlook (Revenue, USD Million, 2016 - 2028)
    • Training & Education Services
    • Consulting Services
    • Design & Integration Services
    • Support & Maintenance Services

• Communication Technology Outlook (Revenue, USD Million, 2016 - 2028)
    • First Responder Tools
    • Satellite Phones
    • Emergency Response Radars
    • Vehicle-Ready Gateways
    • Others

• End-use Outlook (Revenue, USD Million, 2016 - 2028)
    • BFSI
    • Energy and Utilities
    • Aerospace and Defense
    • Manufacturing
    • IT and Telecom
    • Public Sector
    • Transportation and Logistics
    • Healthcare
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • The Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa