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Crisis Management Market Size By Component (Solution [Disaster Recovery & Business Continuity, Fire and HAZMAT, Perimeter Intrusion Detection, Emergency/Mass Notification, Web-based Emergency Management, Geospatial], Services, Hardware), End-use & Forecast, 2023 - 2032

  • Report ID: GMI5525
  • Published Date: Mar 2023
  • Report Format: PDF

Crisis Management Market Size

Crisis Management Market size valued at USD 110 billion in 2022 and is poised to observe over 5% CAGR from 2023 to 2032.

Crisis Management Market

An increasing number of natural disasters like wildfires, floods, and earthquakes worldwide will offer a boost to the market demand. Extreme weather events including hurricanes, floods, and droughts have increased in the past few years due to climate change. These events cause considerable harm to businesses, governments, and communities around the world. For instance, in March 2023, a 7.8 magnitude earthquake struck Turkey and Syria causing more than 160,000 buildings to collapse.

Restricted resources and high costs of investment are issues that may hinder the expansion of the crisis management market. While crisis management tools can assist businesses in preventing, spotting, and handling crises, they require more time, financial stability, and resource cost. This can be a barrier for many organizations to adopt these services. However, the development of new and affordable crisis management solutions could fuel demand for the product in the next few years.

Governments mandates and safety standards to drive the market development

Crisis Management Market Share By Component

Many companies are developing new solutions to tackle the cases of fire outbreaks. In August 2022, Honeywell launched a new fire detection alarm system to augment safety measures. The intelligent fire alarm control panel is a high-performance, compact, and powerful device that provides a comprehensive range of technically advanced functions that are easy to install, commission, and maintain.

Crisis Management Market Analysis

Crisis management market share from the web-based emergency management segment is expected to record more than 5% CAGR through 2032. By offering real-time monitoring, efficient communication and collaboration capabilities, and data analytics, web-based emergency management solutions can play a significant role in preventing and reducing crisis situations. Growing investment plans for automation and the creation of smart cities are set to pro


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of crisis management exceeded USD 110 billion in 2022 and is projected to grow at 5% CAGR from 2023 to 2032.

The web-based emergency management segment will witness over 5% CAGR through 2032, as it offers real-time monitoring, efficient communication and collaboration capabilities, and data analytics.

The market size for crisis management in North America is poised to cross USD 80 billion by 2032, attributed to the rising investments in cybersecurity solutions created to protect vital infrastructure from the threat of cyberattacks.

Honeywell International Inc., Eaton, Haystax Technology (Fishtech LLC), Esri, Hexagon AB, Johnson Controls, and IBM Corporation are a few of the prominent companies in the market.

Crisis Management Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 23
  • Tables & Figures: 383
  • Countries covered: 18
  • Pages: 250
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