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The Crisis Management Software market size is forecast to increase by USD 2.82 billion at a CAGR of 6.05% between 2022 and 2027 . The US held the largest market share in 2017, projecting an annual revenue of USD 1.79 billion. The rising adoption of blockchain in is the key factor driving the market growth. Blockchain technology is gaining importance in finance and accounting due to its data collaboration capabilities. It streamlines data from various sources onto a single platform, enhancing transaction data capture for a clearer view of cash flow.
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The market share growth by the solution segment will be significant during the forecast period. The solution segment was valued at USD 4.12 billion in 2017. The rising adoption of digital technologies and the growing emphasis on remote work have boosted the demand for solutions. Additionally, the rising focus on compliance and regulatory requirements contributes to the growth of the market. Organizations must comply with various laws and industry-specific guidelines in crises. solutions often include compliance features that help organizations comply with these regulations, maintain detailed records, and demonstrate due diligence. Product instances in this segment include communication and collaboration tools, incident reporting and tracking systems, and risk assessment and forecasting tools. Thus, these factors will drive the growth of the solution segment in the global market during the forecast period.
Market - Revenue Share by Component Segment, 2017-2027
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North America holds 33% of the global market share. Organizations in the region are early adopters of new technologies such as AI, IoT, cloud, and analytics. Well-developed cloud infrastructure is the key driving force behind the rapid digital transformation in North America. The region is also seeing increased data generation in industries such as telecommunications, manufacturing, retail, and energy, driving demand for deploying AI-based solutions. Market growth can also be attributed to the presence of prominent players such as Microsoft, IBM, and SAS Institute in the US.
Additionally, enterprises are integrating advanced technologies such as IoT and analytics to improve business efficiency and profitability. They are deploying customer and business-centric applications to improve services. services enable organizations to improve operational performance to handle the biggest workloads during external crises. The use of AI and ML in is expected to increase during the forecast period as vendors expand their geographic presence by opening distribution centers, increasing investments, and focusing on acquisitions.
Market Size, By Region, Global, 2017-2027
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Businesses can efficiently manage transactions through blockchain's cryptographic peer-to-peer network. In crisis management, blockchain fosters collaboration, efficiency, and cost-effectiveness, streamlining operations and providing real-time data access while eliminating manual processes. It benefits organizations grappling with global operational challenges, including process continuity, financial risks, and liquidity issues. The adoption of blockchain-based platforms is expected to drive their use of in the future.
The Market is fragmented in nature. Some significant players include Altia Solutions Ltd., Eaton Corp. Plc, Everbridge Inc., F24 AG, Haystax.
The research report also includes detailed analyses of the competitive landscape of the market and information about 16 market companies, including:
4C Group AB, Hexagon AB, Honeywell International Inc., IntraPoint AS, Iridium Communications Inc., Konexus Inc., MetricStream Inc., Moodys Corp., Noggin Corp., Onspring Technologies LLC, RiskLogic Pty Ltd., SAS Institute Inc., The Response Group LLC, Transputec Ltd., and YUDU Ltd.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Crisis management is paramount for organizations to effectively respond to disasters, emergencies, and cyber-attacks, ensuring real-time interaction with customers and stakeholders. Whether dealing with natural disasters, man-made catastrophes, or cyber-attacks, tailored solutions are essential to address specific needs and safeguard reputation. In the face of rising incidents and changing conditions, organizations must prioritize resilience and resource allocation for restoration activities. The solutions enable situational awareness and compliance with government emergency management standards, mitigating risks posed by climate change, terrorist attacks, and geopolitical conflicts.
From hurricanes to wildfires and industrial catastrophes, disasters can devastate lives and ecosystems, necessitating global efforts for disaster preparedness and sustainable communities. However, the installation and maintenance of software solutions can be pricey, posing barriers for financially constrained organizations. In response to natural disasters like storms and wildfires, effective crisis management tactics are crucial, requiring cooperation tools and real-time data monitoring. Despite challenges, established players and young startups alike are innovating in crisis management solutions, leveraging digital technology to ensure effective business operations and cybersecurity.
Crisis Management Software Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.05% |
Market growth 2023-2027 |
USD 2.82 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.24 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 33% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
4C Group AB, Altia Solutions Ltd., Eaton Corp. Plc, Everbridge Inc., F24 AG, Haystax, Hexagon AB, Honeywell International Inc., IntraPoint AS, Iridium Communications Inc., Konexus Inc., MetricStream Inc., Moodys Corp., Noggin Corp., Onspring Technologies LLC, RiskLogic Pty Ltd., SAS Institute Inc., The Response Group LLC, Transputec Ltd., and YUDU Ltd. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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