COVID-19 to Exert a Significant Impact on the Crisis Management Software Market

Tue, 28 April 2020 10:40

The global crisis management market is a moderately consolidated market and is foreseen to grow during the forecast period. The crisis management software market was valued at USD 105 billion in 2019 and is expected to grow with a CAGR of 6.1%. The growth is attributed to growing government regulations and norms to enhance public safety during and after the disaster. Furthermore, a surge in the adoption of digital technology is also one of the factors propelling the market growth.

Additionally, expenditure allocation by various states and central governments to mitigate disasters is likely to pave the way for the crisis management software market growth. However, the disconnection between disaster risk reduction policy and crisis management in practice hinders market growth.

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Crisis Management Software Market?

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Key Highlights

  • By deployment mode, the cloud segment holds the largest share compared to the on-premise segment and is presumed to grow during the forecast period. The growth is attributed to an increase in process automation solutions across all industrial verticals.
  • By organization size, the large enterprise segment holds the highest CAGR on account of the incorporation of digital technology that resulted in an increase in the cybercrime incidences
  • By component, the services segment holds the highest share and is expected to grow during the forecast period. The growth is attributed to a broad range of offerings by crisis management that led to its integration among various companies.
  • By vertical, the government sector accounts for the fastest growing market and is presumed to grow during the forecast period. The growth is attributed to the increasing emergencies across the globe, including natural disasters, cybercrimes, viral diseases, others.
  • Currently, crisis management software has played a vital role in assisting the state and central government in planning and response amid the coronavirus outbreak.

Key Players

  • Badger Software
  • The Response Group
  • Noggin
  • One Voice
  • IntraPoint
  • RiskLogic
  • RMS Software
  • Everbridge
  • Incident control room

Crisis Management Software Market Segmentation

By Component

  • Solution
    • o          Emergency management
    • o          Communication and Collaboration
    • o          Disaster Recovery and Business Continuity
    • o          Fire and Hazmat
  • Services
    • o          Consulting Services
    • o          Training Services
    • o          Other Support Services

By Deployment Mode

  • Cloud
  • On-Premise

By Organization Size

  • SMEs
  • Large Enterprise

By Vertical

  • BFSI
  • Commercial and Industrial
  • Education
  • Energy and Utilities
  • Healthcare and Life Sciences
  • Defense and Military
  • Transportation and Logistics
  • Government

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • The U.K.
  • Italy
  • France
  • Spain
  • Germany
  • The Rest of Europe

The Middle East and Africa (MEA)

  • Saudi Arabia
  • Egypt
  • South Africa
  • The Rest of MEA

Asia-Pacific

  • India
  • China
  • Japan
  • Australia
  • South Korea
  • The Rest of Asia-Pacific

South America

  • Columbia
  • Brazil
  • Chile
  • Peru
  • Argentina
  • The Rest of South America

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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