Comprehensive Disaster Preparedness Systems Market Analysis 2024: Size, Share, And Key Trends
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The disaster preparedness systems market has exhibited robust growth, expanding from $184.66 billion in 2023 to $201.83 billion in 2024, with a CAGR of 9.3%. Growth factors include increasing natural disaster frequency, concerns about disaster risks, and rising criminal activities. Looking forward, the market is expected to sustain strong growth, reaching $283.18 billion by 2028, driven by urbanization, government policies, and technological advancements. Key trends include technological innovations, partnerships for disaster management, government initiatives, and investments in resilient infrastructure.
The disaster preparedness system market is expected to witness significant growth, fueled by the escalating frequency and severity of natural disasters worldwide. Natural disasters, characterized by their devastating impacts, necessitate robust preparedness measures to mitigate risks and facilitate effective response and recovery efforts. With the National Oceanic and Atmospheric Administration reporting an increasing number of weather and climate disasters in the US, each costing at least $1 billion, the need for comprehensive disaster preparedness solutions is more critical than ever. Consequently, the heightened occurrence of natural disasters is driving the growth of the disaster preparedness system market.
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What Are The Key Trends That Influence Disaster Preparedness Systems Market Share Analysis?
Major companies in the disaster preparedness system market are focusing on innovative products, such as disaster recovery portfolio solutions, to maintain their position in the market. A disaster recovery portfolio solution is a comprehensive set of policies, tools, and processes used to recover or maintain the operation of critical IT infrastructure, software, and systems after a natural or human-made disaster. For example, in March 2023, Huawei Technologies Co. Ltd., a China-based technology corporation, introduced Storage and Optical Connection Coordination (SOCC), a unified disaster recovery portfolio solution. It is designed to address service losses and ensure rapid recovery of operations. SOCC is the industry’s first solution that integrates storage and optical networks to deliver a unified disaster recovery portfolio solution. Its primary objective is to minimize data loss and prevent business interruptions in the event of disasters such as earthquakes or fires.
Which Market Players Are Driving Growth In The Disaster Preparedness Systems Market?
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.
How Is The Global Disaster Preparedness Systems Market Segmented?
The disaster preparedness systems market covered in this report is segmented –
1) By Type: Emergency Or Mass Notification System, Surveillance System, Safety Management System, Earthquake Or Seismic Warning System, Disaster Recovery And Backup Systems, Other Types
2) By Solutions: Geospatial Solutions, Disaster Recovery Solutions, Situational Awareness Solutions
3) By Services: Training And Education Services, Consulting Services, Design And Integration Services, Support And Maintenance Services
4) By Communication Technology: First Responder Tools, Satellite Phones, Emergency Response Radars, Vehicle-Ready Gateways, Other Communication Technologies
5) By End-use: Banking, Financial Services And Insurance (BFSI), Energy And Utilities, Aerospace And Defense, Manufacturing, Information Technology (IT) And Telecom, Public Sector, Transportation And Logistics, Healthcare, Other End-uses
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The Disaster Preparedness Systems Global Market Report 2024 provides an overview of the disaster preparedness systemsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The disaster preparedness systems market forecast analyzes disaster preparedness systems market size, disaster preparedness systems market share, leading competitor and their market positions.
The Table Of Content For The Disaster Preparedness Systems Market Include
1. Disaster Preparedness Systems Market Executive Summary
2. Disaster Preparedness Systems Market Segments
3. Disaster Preparedness Systems Market Size And Template Market Growth Rate
4. Key Disaster Preparedness Systems Market Trends
5. Major Disaster Preparedness Systems Market Drivers
……
25. Key Mergers And Acquisitions In The Disaster Preparedness Systems Market
26. Top Disaster Preparedness Systems Companies
27. Disaster Preparedness Systems Market Opportunities And Strategies
28. Disaster Preparedness Systems Market, Conclusions And Recommendations
29. Appendix
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