Disaster Preparedness System Market 2023 Economic Environmental Analysis and Future Forecast 2030
Disaster Preparedness System Industry
The global disaster preparedness system market size is projected to reach USD 308.01 billion by 2030, registering a CAGR of 8.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the escalating incidents of terrorism, criminal activities, and the occurrence of unpredictable natural disasters. Disaster preparedness encompasses the measures undertaken to minimize the damages caused by such events, whether natural or manmade. This involves forecasting potential disasters and their likely locations, implementing preventive measures to avert or reduce the severity of these incidents, mitigating the impact on vulnerable communities, and formulating effective response strategies to cope with the aftermath of disasters.
Several nations are actively pursuing technological advancements in their disaster preparedness systems. For instance, in March 2023, the UK Government recently introduced a new government public warning system that aims to send alerts to mobile phone users regarding life-threatening events. The system is set to undergo a nationwide trial over the coming months. Mobile phone users will receive an emergency alert displayed prominently on their device's home screen, accompanied by a vibration and a distinct series of beeps resembling a loud siren. The government has clarified that these emergency alerts will be utilized sparingly and exclusively in situations where there is an immediate threat to life.
The increasing adoption of advanced technologies such as Artificial intelligence (AI), the Internet of Things (IoT), and cloud computing is contributing to the growth of the market. These technologies enhance the efficiency and effectiveness of disaster preparedness systems by enabling real-time monitoring, data analysis, and predictive modeling. Moreover, there is an increasing recognition of the importance of community engagement and participation in disaster preparedness. Empowering communities through awareness campaigns and training programs and involving them in decision-making processes strengthens their resilience and response capabilities.
The COVID-19 pandemic has impacted market growth positively and this impact will be maintained throughout the forecast period. Governments and healthcare organizations are investing in advanced medical facilities, equipment, and systems to better respond to future health emergencies. This includes improving surge capacity, implementing telemedicine solutions, and strengthening supply chain management for medical resources.
Gather more insights about the market drivers, restrains and growth of the Global Disaster Preparedness System market
Disaster Preparedness System Market Segments Highlights:
- In terms of type, the safety management system segment is anticipated to witness the fastest CAGR of 10.7% over the forecast period. The growth of this segment is attributed to the increasing demand for surveillance systems, particularly in the context of smart city projects
- In terms of solution, the surveillance system segment dominated the market in 2022 with a revenue share of approximately 35%. The increasing demand for advanced video surveillance technologies is driven by the rising concerns for public safety and security
- In terms of services, the design & integration services segment is anticipated to witness the fastest CAGR of 10.4% during the forecast period owing to the increasing demand for tailored disaster preparedness systems
- In terms of communication technology, the first responder tools segment is anticipated to witness the fastest CAGR of 9.8% during the forecast period. The rising adoption of first responder tools across diverse emergency response teams, including fire departments, security personnel, medical teams, and police personnel, is expected to contribute to the segment growth
- In terms of end use, the healthcare segment is anticipated to witness the fastest CAGR of 9.9% during the forecast period. Comprehending the requirement for robust and adaptable healthcare infrastructure, coupled with efficient emergency response capabilities, is driving the demand for solutions and services within this segment
- The Asia Pacific region is anticipated to witness the fastest CAGR of 9.9% during the forecast period. Increasing knowledge and awareness of the region's susceptibility to natural catastrophes such as earthquakes, typhoons, floods, and tsunamis is a key factor driving regional growth
Disaster Preparedness System Market Report Segmentation
Grand View Research has segmented the global disaster preparedness system market based on type, solution, services, communication technology, end-use, and region:
Disaster Preparedness System Type Outlook (Revenue, USD Billion, 2017 - 2030)
- Emergency/Mass Notification System
- Surveillance System
- Safety Management System
- Earthquake/Seismic Warning System
- Disaster Recovery and Backup Systems
- Others
Disaster Preparedness System Solution Outlook (Revenue, USD Billion, 2017 - 2030)
- Geospatial Solutions
- Disaster Recovery Solutions
- Situational Awareness Solutions
Disaster Preparedness System Services Outlook (Revenue, USD Billion, 2017 - 2030)
- Training & Education Services
- Consulting Services
- Design & Integration Services
- Support & Maintenance Services
Disaster Preparedness System Communication Technology Outlook (Revenue, USD Billion, 2017 - 2030)
- First Responder Tools
- Satellite Phones
- Emergency Response Radars
- Vehicle-Ready Gateways
- Others
Disaster Preparedness System End-use Outlook (Revenue, USD Billion, 2017 - 2030)
- BFSI
- Energy and Utilities
- Aerospace and Defense
- Manufacturing
- IT and Telecom
- Public Sector
- Transportation and Logistics
- Healthcare
- Others
Disaster Preparedness System Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
- US
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East & Africa
Key Disaster Preparedness System Company Insights
- Honeywell International Inc.
- Lockheed Martin
- Motorola Solutions, Inc.
- Siemens
- NEC Corporation
- IBM
- Alertus Technologies LLC
- OnSolve
- Juvare, LLC
- Singlewire Software, LLC.
Order a free sample PDF of the Disaster Preparedness System Market Intelligence Study, published by Grand View Research.
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