Disaster Preparedness Systems Industry Overview
The global disaster preparedness systems market size was valued at USD 146.03 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2021 to 2028.
The rise in natural disasters is one of the major factors driving the need for disaster preparedness systems. According to the statistics provided by the Down to Earth organization of 27% of the increase in natural disasters was recorded in 2020 as compared to 2019. According to a report provided by Aon, a financial services provider, natural disasters cost the world USD 75 billion in 2020. Thus, there is a rise in demand for disaster preparedness systems to witness a rise in demand to reduce the cost incurred due to disasters.
Gather more insights about the market drivers, restrains and growth of the Global Disaster Preparedness Systems Market
The disaster preparedness system provides an emergency preparedness plan and effective incident prevention and management solutions to help organizations in avoiding consequences caused due to natural disasters. The system provides various benefits to the organizations, such as cost efficiency, increased employee productivity, improved greater retention, and others. According to a study conducted by the National Archives and Records Administration reports in 2018, 93% of companies experience downtime and data loss extending more than ten days due to natural disasters. As a result, there is a need for a disaster preparedness system for avoiding data loss of the companies. These systems describing disaster recovery plans to the companies, which enables them to quickly resume their work in the aftermath of a disaster. Thus, the benefits provided by the disaster preparedness system increase its demand among the organizations.
Various government bodies are implementing regulatory policies for public safety. The European Commission is making efforts to promote anticipatory and risk reduction actions. The European Commission ensures that disaster preparedness is systematically embedded across industries that are focused on humanitarian projects and programs by contributing to Sendai Priority 4. 65% of EU-funded humanitarian projects included disaster preparedness components over the past five years. The funding made by the government thereby strengthens the ability of local and national preparedness systems.
5G technology is expected to create new opportunities for disaster preparedness systems. The International Telecommunication Union in 2012 embarked on the program to develop International Mobile Telecommunication for 2020 and beyond. 5G technology assures seamless communication in emergencies. Therefore, in the forthcoming years, emergency communication is expected to depend on 5G technologies due to its intelligent support.
Moreover, the increase in the adoption of cloud-based solutions by enterprises to safeguard their critical data is increasing the adoption of disaster recovery and backup systems in recent days. The disaster preparedness system has been positively impacted due to the COVID-19 situation. A disaster preparedness system is used in the COVID-19 situation for asset delivery services, vaccinating planning, epidemiological contact tracing surge support, and others. Various companies are focusing on providing emergency response solutions for COVID-19. For instance, Tetra Tech, Inc., a provider of engineering services globally, provided emergency management services for COVID-19.
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Disaster Preparedness Systems Market Segmentation
Grand View Research has segmented the global disaster preparedness systems market based on 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
- Earthquake/Seismic 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 & Education Services
- Consulting Services
- Design & Integration Services
- Support & Maintenance Services
Disaster Preparedness Systems Communication Technology Outlook (Revenue, USD Million, 2016 - 2028)
- First Responder Tools
- Satellite Phones
- Emergency Response Radars
- Vehicle-Ready Gateways
- Others
Disaster Preparedness Systems 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
Disaster Preparedness Systems Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Market Share Insights
- March 2020: Lynk, a wireless solution provider, announced that it had connected a satellite to an ordinary mobile phone on earth.
- August 2018: ICF a consulting service provider announced that it has entered into an agreement with DMS Disaster Consultants-a recovery services and disaster planning firm
Key Companies profiled:
Some of the prominent players operating in the global disaster preparedness systems market are:
- Honeywell
- Lockheed Martin
- Motorola Solutions
- Siemens
- NEC Corporation
- IBM
- Alertus
- OnSolve
- Juvare
- Singlewire Software
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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