Comprehensive Crisis Management Services Market Analysis 2024: Size, Share, And Key Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The crisis management services market has experienced strong growth recently, growing from $87.07 billion in 2023 to $92.02 billion in 2024 at a CAGR of 5.7%. This growth has been driven by the increasing frequency of natural disasters, rising global terrorism and security threats, growing corporate governance and compliance requirements, heightened business continuity awareness, an increase in cyber-attacks and data breaches, and the expansion of regulatory frameworks. The market is expected to grow further, reaching $115.36 billion in 2028 at a CAGR of 5.8%. The forecast period’s growth can be attributed to the increasing adoption of advanced technologies, a rising focus on cybersecurity, an emphasis on holistic business continuity planning, more stringent regulatory compliance, greater investment in risk assessment and mitigation solutions, and the integration of social media monitoring for crisis response. Key trends include the adoption of AI-driven crisis management tools, the development of remote and hybrid solutions, and a focus on resilience and adaptability in crisis responses.
The growing occurrences of natural disasters are expected to propel the growth of the crisis management service market in the coming years. Natural disasters, which are catastrophic events causing widespread destruction, loss of life, and significant disruption to daily life, are often exacerbated by human activities such as deforestation and land-use changes that increase vulnerability to these events. Crisis management services play a crucial role in expediting communication, streamlining emergency operations, and enhancing decision-making to facilitate effective response strategies and mitigate impacts on affected regions. For instance, a report from the National Centers for Environmental Information (NCEI) published in January 2024 indicated that there were 28 confirmed weather and climate disaster events in the United States, each resulting in losses exceeding $1 billion. These included one drought, four floods, 19 severe storms, two tropical cyclones, one wildfire, and one winter storm. Hence, the increasing frequency of natural disasters is driving the growth of the crisis management service market.
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What Are The Key Trends That Influence Crisis Management Services Market Share Analysis?
Major companies in the crisis management services market are increasingly focusing on the integration of AI and machine learning, such as AI-powered disaster management technology, to enhance real-time disaster response and risk mitigation through precise data analysis. AI-powered disaster management technology is utilized to streamline emergency response and improve decision-making with real-time, data-driven insights. For instance, in August 2023, Spectee, Inc., a Japan-based media software company, launched an AI-powered disaster management tool designed to enhance disaster response and management through advanced data analysis. This innovative tool aims to improve crisis management by leveraging real-time data from various sources, including social media, climate data, and camera feeds. By filtering out misinformation through human verification and AI analysis, it ensures that emergency services receive accurate and timely information, thereby increasing the effectiveness of disaster response efforts and ultimately saving more lives. The pilot program in the Philippines represents a significant advancement in deploying this technology to mitigate disaster risks and enhance public safety in collaboration with local government agencies and emergency services.
Which Market Players Are Driving Growth In The Crisis Management Services Market?
Major companies operating in the crisis management services market are Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers International Limited (PwC), Ernst & Young Global Limited (EY), KPMG International Cooperative, Accenture plc, WPP plc, Publicis Groupe SA, Omnicom Group Inc, Boston Consulting Group Inc, McKinsey & Company Inc, Willis Towers Watson Public Limited Company, Grant Thornton International Ltd, Syneos Health Inc, Bain & Company Inc, FTI Consulting Inc, Navigators International Inc, ICF International Inc, Vector Inc, BCW LLC (Burson Cohn & Wolfe), Huron Consulting Group Inc, RES PUBLICA Consulting Group Inc, Weber Shandwick Inc, Golin LLC, MSLGROUP, Finn Partners Inc, WE Communications, Teneo Holdings LLC, APCO Worldwide LLC, Daniel J Edelman Holdings Inc, Ruder Finn Inc
How Is The Global Crisis Management Services Market Segmented?
The crisis management services market covered in this report is segmented –
1) By Type: Anticipating Crisis Management Services, Mitigating Crisis Management Services, Real Time Crisis Management Services
2) By Deployment Model: On Premise, Cloud
3) By Application: Small Enterprises, Medium Sized Enterprises, Large Enterprises, Government, Other Applications
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The Crisis Management Services Global Market Report 2024 provides an overview of the crisis management services market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The crisis management services market forecast analyzes crisis management services market size, crisis management services market share, leading competitor and their market positions.
The Table Of Content For The Crisis Management Services Market Include
1. Crisis Management Services Market Executive Summary
2. Crisis Management Services Market Segments
3. Crisis Management Services Market Size And Template Market Growth Rate
4. Key Crisis Management Services Market Trends
5. Major Crisis Management Services Market Drivers
……
25. Key Mergers And Acquisitions In The Crisis Management Services Market
26. Top Crisis Management Services Companies
27. Crisis Management Services Market Opportunities And Strategies
28. Crisis Management Services Market, Conclusions And Recommendations
29. Appendix
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