Disaster Preparedness Systems Market Size, Share & Trends Analysis Report By Type, By Solution, By Services, By Communication Technology, By End Use, By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global disaster preparedness systems market size was valued at USD 146.03 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2021 to 2028. The rise in natural disasters is one of the major factors driving the need for disaster preparedness systems. According to the statistics provided by the Down to Earth organization of 27% of the increase in natural disasters was recorded in 2020 as compared to 2019. According to a report provided by Aon, a financial services provider, natural disasters cost the world USD 75 billion in 2020. Thus, there is a rise in demand for disaster preparedness systems to witness a rise in demand to reduce the cost incurred due to disasters.

The disaster preparedness system provides an emergency preparedness plan and effective incident prevention and management solutions to help organizations in avoiding consequences caused due to natural disasters. The system provides various benefits to the organizations, such as cost efficiency, increased employee productivity, improved greater retention, and others. According to a study conducted by the National Archives and Records Administration reports in 2018, 93% of companies experience downtime and data loss extending more than ten days due to natural disasters. As a result, there is a need for a disaster preparedness system for avoiding data loss of the companies. These systems describing disaster recovery plans to the companies, which enables them to quickly resume their work in the aftermath of a disaster. Thus, the benefits provided by the disaster preparedness system increase its demand among the organizations.

Various government bodies are implementing regulatory policies for public safety. The European Commission is making efforts to promote anticipatory and risk reduction actions. The European Commission ensures that disaster preparedness is systematically embedded across industries that are focused on humanitarian projects and programs by contributing to Sendai Priority 4. 65% of EU-funded humanitarian projects included disaster preparedness components over the past five years. The funding made by the government thereby strengthens the ability of local and national preparedness systems.

5G technology is expected to create new opportunities for disaster preparedness systems. The International Telecommunication Union in 2012 embarked on the program to develop International Mobile Telecommunication for 2020 and beyond. 5G technology assures seamless communication in emergencies. Therefore, in the forthcoming years, emergency communication is expected to depend on 5G technologies due to its intelligent support.

Moreover, the increase in the adoption of cloud-based solutions by enterprises to safeguard their critical data is increasing the adoption of disaster recovery and backup systems in recent days. The disaster preparedness system has been positively impacted due to the COVID-19 situation. A disaster preparedness system is used in the COVID-19 situation for asset delivery services, vaccinating planning, epidemiological contact tracing surge support, and others. Various companies are focusing on providing emergency response solutions for COVID-19. For instance, Tetra Tech, Inc., a provider of engineering services globally, provided emergency management services for COVID-19.

Type Insights

The surveillance system segment dominated the market in 2020 and accounted for more than a 36.0% share of the global revenue. A surveillance system is critical during times of crisis such as natural disasters, epidemics, conflicts, and others. Surveillance system enables the organizations in identifying the risk factors, determine action items, determine action plans, among others. The demand for surveillance systems is high owing to its benefits such as reduced cost, remote monitoring, and improved productivity, among others.

The earthquake/seismic warning system segment is anticipated to register the fastest growth over the forecast period. This system detects significant earthquakes and alerts the people before the shaking arrives. In January 2021, more than 200 seismometers will be implemented across Oregon, California, and Washington owing to the partnership between the U.S. Department of Agriculture’s Forest Service and the U.S. Geological Survey. This system will collect real-time information to deliver and develop alerts to nearby populations.

Solution Insights

The disaster recovery solutions segment dominated the disaster preparedness system market in 2020 and accounted for more than 39.0% share of the global revenue. Disaster recovery is the process that is implemented by all sizes of organizations to ensure rapid recovery of hardware, data, and applications that are critical for business operations in the event of natural disasters. Disaster recovery solutions ensure that the organizations keep their data secure and compliant with industries. The benefits of disaster recovery, such as faster response time, increased flexibility, and regulatory compliance, are increasing its importance in recent days.

The geospatial solutions segment is expected to register the fastest growth over the forecast period. Geospatial solutions are used for collecting, analyzing, and storing geographic information. The geospatial solution is used to build a database for critical facilities such as fire stations, police stations, hospitals, and others, which will help plan for disaster situations. GIS coupled with technologies such as aerial photography, satellite imaginary and drone will create new opportunities for the segment.

Service Insights

The consulting services segment dominated the market in 2020 and accounted for more than 39.0% share of the global revenue. Many organizations are providing emergency planning, process development, and consulting services. These organizations help in designing, developing, and preparing strategies for disaster management and also provide end-to-end consulting services for the same. Consulting services involve technology consulting in designing and planning for disaster preparedness and emergency management infrastructure. Consulting services help in understanding the potential benefits of disaster preparedness while drafting practical risk management strategies and better placing the program objectives against the business goals.

The training and education services segment is anticipated to register the fastest growth over the forecast period. The large-scale deployment of a disaster preparedness system has triggered the demand for professional services, especially the training and education services that are provided to disaster response teams, first responders, and disaster management volunteers. The training helps increase their proficiency and raise the level of preparedness and response capabilities. These are some of the factors that are expected to drive the growth of the training and education services segment over the forecast period.

Communication Technology Insights

The emergency response radars segment dominated the market in 2020 and accounted for more than 29.0% share of the global revenue. These systems are used for locating disaster victims. This technology enables the emergency response team to find the buried disaster victims by tracking their heartbeats. Thus, the increasing natural disasters are driving the need for the emergency response radars segment.

The satellite phones segment is expected to register the fastest growth over the forecast period. A satellite is used by satellite mobile phones to communicate with cellular, landline, and other satellite phones worldwide. These phones are mainly used to coordinate recovery and response efforts in areas where the existing network is damaged due to natural disasters. Wireless solution providers are making effort to connect normal mobile phones with satellites directly, which is creating new opportunities for the segment. For instance, in March 2020, Lynk, a wireless solution provider, announced that it had connected a satellite to an ordinary mobile phone on earth.

End-use Insights

The BFSI segment dominated the market in 2020 and accounted for more than a 21.0% share of the global revenue. Natural disasters harm insurance companies owing to which there is a need for a disaster preparedness system among them. The insurance industry accounted for losses of USD 83 billion in 2020, which made it the fifth costliest year since 1970. The losses were driven due to the severe convective storms and floods caused worldwide. Thus, to avoid these losses, insurance companies stipulate a preparedness system before providing insurance.

The healthcare segment is expected to register the fastest growth over the forecast period. Natural disasters affect the operations of hospitals which thereby creates the need for disaster preparedness systems among them. For instance, in 2017, Hurricane Irma forced the hospitals in Florida to close down as they faced impassable roads and power cut issues during the storms. Thus, hospitals are required to be prepared for disasters to preserve patient records, manage mass fatalities, and others.

Regional Insights

North America dominated the market in 2020 and accounted for over 34.0% share of global revenue. The U.S. held the largest market share as the government of the country is increasingly focusing on developing and deploying intelligent emergency management and mitigation plans to reduce the response time and mitigate the damages caused by manmade and natural disasters. A typical disaster preparedness system can play a crucial role in speeding up the emergency planning and recovery process. The increasing number and cost of disasters due to the changing climate is one of the major factors creating the need for a disaster preparedness system in the region.

Asia Pacific is expected to witness a significant CAGR over the forecast period. An increase in government expenditure on disaster and emergency management systems to safeguard citizens is driving the market growth in the region. Various disaster preparedness systems are deployed across disaster-prone areas in countries such as India and China. Recently, India deployed an Earthquake Early Warning (EEW) system in the seismic gap near the Himalayan belt. It is deployed in areas highly sensitive to seismic risk.

Key Companies & Market Share Insights

The competitive environment is highly fragmented in nature. Major market players are focused on various organic and inorganic strategies, such as partnerships, product innovation, geographical expansion, and research and development, to strengthen their market positions. For instance, in August 2018, ICF a consulting service provider announced that it has entered into an agreement with DMS Disaster Consultants-a recovery services and disaster planning firm. Through this acquisition, DMS Disaster Consultants will operate as a part of ICF’s resilience and disaster management division.

Market players are focused on providing solutions for industries during the COVID-19 pandemic. For instance, in April 2020, Motorola Solutions helped Rio Tinto a mining company to continue supplying to its customers by protecting communities and people during the pandemic. Motorola’s critical communication solutions enabled Rio Tinto to keep its essential services running during the pandemic situation. Some of the prominent players operating in the global disaster preparedness systems market are:

• Honeywell

• Lockheed Martin

• Motorola Solutions

• Siemens

• NEC Corporation

• IBM 

• Alertus

• OnSolve

• Juvare 

• Singlewire Software

Disaster Preparedness Systems Market Report Scope

Segments Covered in the Report

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For this study, Grand View Research has segmented the global disaster preparedness systems market report based on type, solution, services, communication technology, end use, and region:

• Type Outlook (Revenue, USD Million, 2016 - 2028)

  • Emergency/Mass Notification System

  • Surveillance System

  • Safety Management System

  • Earthquake/Seismic Warning System

  • Disaster Recovery and Backup Systems

  • Others

• Solution Outlook (Revenue, USD Million, 2016 - 2028)

  • Geospatial Solutions

  • Disaster Recovery Solutions

  • Situational Awareness Solutions

• Services Outlook (Revenue, USD Million, 2016 - 2028)

  • Training & Education Services

  • Consulting Services

  • Design & Integration Services

  • Support & Maintenance Services

• Communication Technology Outlook (Revenue, USD Million, 2016 - 2028)

  • First Responder Tools

  • Satellite Phones

  • Emergency Response Radars

  • Vehicle-Ready Gateways

  • Others

• End-use Outlook (Revenue, USD Million, 2016 - 2028)

  • BFSI

  • Energy and Utilities

  • Aerospace and Defense

  • Manufacturing

  • IT and Telecom

  • Public Sector

  • Transportation and Logistics

  • Healthcare

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa