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The Crisis Management Software market size is forecast to increase by USD 2.62 billion at a CAGR of 5.4% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing adoption of advanced technologies such as blockchain. This innovative technology enhances data security and transparency, making it an essential component in crisis management solutions. Furthermore, the market is witnessing a growing number of strategic partnerships among key players, fostering collaboration and innovation. However, the emergence of open source crisis management software poses a threat to the market, offering cost-effective alternatives to businesses. Despite this challenge, the market is expected to continue its upward trajectory, fueled by the increasing demand for effective crisis management solutions in various industries.
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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 4.27 billion in 2018. 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, 2018-2028
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North America holds 30% 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, 2018-2028
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Crisis management software is a vital solution designed to help organizations prepare, respond, and recover from natural disasters, man-made catastrophes, cyberattacks, and other unexpected events. This software enables business continuity, disaster recovery, emergency communications, real-time interaction, and situational awareness. It is essential for maintaining organizational resilience during crises, ensuring data and resource management, and adhering to government standards. The market caters to various sectors, including healthcare, large enterprises, and others. The market is driven by the increasing number of natural disasters, man-made catastrophes, and climate risks, which necessitate the need for effective crisis management tools.
Additionally, terrorist attacks and cyberattacks pose significant threats, further fueling the demand for automated incident response and disaster recovery solutions. The market is segmented based on deployment models, including public cloud, private cloud, and hybrid cloud. The market is expected to grow significantly due to the flexibility and cost-effectiveness offered by cloud-based solutions. The market also emphasizes risk evaluation and incident analysis to ensure business operations continue smoothly during and after a crisis.
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 research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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Crisis management software is a vital solution for organizations to ensure business continuity and mitigate the impact of natural disasters, man-made catastrophes, and operational disruptions. This software equips businesses with real-time interaction, emergency communications, and advanced analytics capabilities to enhance situational awareness and crisis response. The market for crisis management software is thriving, with various solutions available for different sectors, including government and defense, IT and telecom, and compliance management. Natural disasters, terrorist attacks, geo-political conflicts, and cyber threats are some of the significant risks that crisis management software addresses. Businesses can opt for cloud-based solutions or on-premise deployment, depending on their specific needs.
Features like risk assessment, emergency notification system, training and simulation, family reunification, and compliance management are essential components of crisis management software. Moreover, crisis management software enables incident analysis, incident management, communication tools, and automated incident response to ensure business operations continue during emergencies. Public health crises and cyberattacks are also addressed by these tools, making them an essential investment for organizations seeking to build organizational resilience and ensure operational continuity.
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Market Scope |
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Report Coverage |
Details |
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Page number |
168 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.4% |
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Market Growth 2024-2028 |
USD 2.62 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.13 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 30% |
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Key countries |
US, China, UK, Germany, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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. |
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Market dynamics |
Parent market growth 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, and Market condition analysis for the market forecast period. |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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