Global emergency management market is projected to grow at a CAGR of 6.1% over the forecast period (2019 – 2027)

Pune, India -- (SBWire) -- 03/09/2019 --In case of any emergency incident, communities usually rely on getting help from local, state and federal government to re-build the society and recover their losses. In the recent years, the partnership of government and private sectors have become popular in the emergency management market as they together aim to provide better value and quality for money in re-building infrastructures.

With the changing scale of disasters, collaboration between private businesses and non-profit organizations are on the rise, together they are providing critical support in immediate disaster response as well as offering funding for re-development and recovery. A public-private partnership will allow government agencies such as FEMA to work with private businesses. This partnership will allow them to work towards improving situational awareness, enhance decision making and increase access to the amount of resources. These improved effectiveness in handling emergencies will lead to establishment of more resilient society. There are multiple notable public-private partnership which are operating as a team to solve challenges of emergency management market.

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Numerous models are being deployed in big cities and states that are building their emergency management systems on attributes such as dedication, engagement and sustainability. These partnerships are also allowing communities to build established communication protocols with representation from private sector for emergency operation centers. FEMA is continuously working with private sector on all levels to improve preparedness and response for emergency management. For instance, the agency has incorporated a 90-day rotational private sector seat within the national response coordination center. Continued collaborations will allow them to provide more pertinent lessons for improving emergency management operations. Such a factor is also important for the social and economic growth of a country, aiding the total growth of emergency management market.

PPP is considered as one of the favored organizational models across European Union countries, especially in the United Kingdom. Since its appearance in the region, PPP is considered a similar profile to privatization. However, there are cases in Europe where the potential benefits from PPP were not achieved as they suffer delays, cost increases and finally resulted in US$ 1.68 billion ineffective spending. Owing to lack of analyses coupled with delayed strategic approaches, the public private partnerships specifically lacked some of the institutional and legal frameworks. The application of PPP projects is different in both developing and developed countries. Financial aspects are always critical for developing countries in managing disasters. It is considered that local government in developing countries respond well to local demands, promoting greater economic efficiency. On the other hand, developed countries strategically manage collaboration between public and private sectors. Thus, the main idea is to lessen the burden for government or equalize the burden between the government and private sector. Such steps taken in a country and increasing PPP partnerships is expected to drive the emergency management market over the forecast period.

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"Unnecessary cash flow or a better disaster recovery? Collaborations in the emergency management market is beneficial as it will allow both the sectors to expend their resources effectively. It has been observed that there has been failure of PPP projects but using funds judiciously coupled with an organized legal network will make these projects work. It will also allow them to develop a unique approach for teamwork and enriched decision making. This will improve the programs and process incorporated for emergency management and build a strong community. However, PPP partnerships in the recent past has not been so helpful but in the future years, these government and private partnerships will prove to be effective in the emergency management market."

The detailed research study provides qualitative and quantitative analysis of the global emergency management market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Some of the major players operating in the global emergency management market are A Fishtech Group, LLC Company., Alert Technologies Corporation., Alertus Technologies, LLC., Blackhawk Emergency Management Group., Booz Allen Hamilton Inc., Eccentex., EMSystems, LLC, Esri Inc., Everbridge., GP Strategies Corporation., Honeywell International Inc., IBM, IEM, Inc., Intergraph Corporation Part of Hexagon Group, Lockheed Martin Corporation., MARSH LLC., Mission, Mode Incident Management Systems, Motorola Solutions, Inc., NEC Corporation, Resolver Inc., Rockwell Collins, SRDC, Tetra Tech, Inc., The Response Group, Veoci / Grey Wall Software, LLC. among others.

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By Systems
o Emergency/Mass Notification System
o Surveillance System
o Traffic Management System
o Safety Management System
o Disaster Recovery & Backup System
o Others

By Communication Technology
o First Responder Tools
o Satellite Phones
o Emergency Response Radars
o Vehicle-ready Gateways
o Others

By Service
o Training & Education Services
o Consulting Services
o Design & Integration Services
o Support & Maintenance Services

By Solution
o Geospatial Solutions
o Disaster Recovery Solutions
o Situational Awareness Solutions

By Vertical
o BFSI
o Public Sector
o Healthcare
o IT & Telecom
o Energy & Utilities
o Manufacturing
o Aerospace & Defense
o Transportation & Logistics
o Others

By Geography
o North America
o U.S.
o Canada
o Mexico
o Rest of North America
o Europe
o France
o The UK
o Spain
o Germany
o Italy
o Nordic Countries
? Denmark
? Finland
? Iceland
? Sweden
? Norway
o Benelux Union
? Belgium
? The Netherlands
? Luxembourg
o Rest of Europe
o Asia Pacific
o China
o Japan
o India
o Southeast Asia
? Indonesia
? Thailand
? Malaysia
? Singapore
? Rest of Southeast Asia
o Australia
o South Korea
o New Zealand
o Rest of Asia Pacific
o Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East & Africa
o Latin America
o Brazil
o Argentina
o Rest of Latin America

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