Crisis Emergency and Incident Management Platforms Market is expanding rapidly with Honeywell International Inc. launching an integrated set of solutions to improve the health of building environments and operate more safely

Crisis Response teams are an important element to the smooth functioning of a wide variety of organizations and industries. These teams have a crucial role in assisting communities and individuals to cope with emergencies, natural disasters, and other incidents that may cause widespread damage or loss of life. The rapid spread of a disaster or emergency can be devastating for everyone, affecting even the most remote areas where people least expect the effects of such events. As far as the regional footprint is concerned, North America seems to be gaining high traction in the crisis emergency and incident management platforms market. This is typically due to the fact that there is early adoption of advanced technologies in the region. On the contrary, Asia Pacific is another key sector exhibiting positive outlook due to increasing adoption of security measures in various sectors.

Growing threats regarding terrorism and security breaches have necessitated the adoption of emergency management platforms. As per Our World in Data, in 2017, around 26,445 people died from terrorism globally where 95% of deaths occurred in the Middle East, South Asia, and Africa. As a result of this, the demand for counter-terrorist strategies, emergency management platforms, and technology is required. Hence, such factors can stimulate growth of the global crisis emergency and incident management platforms market.

A Crisis Response platform is made up of several elements. The first element is the collection of the various resources that will be used in a crisis situation. These resources include communication equipment, such as radios, message boards, cell phones, and data phones; transportation resources, such as ambulances, police cars, and helicopters; and emergency medical resources, including doctors and nurses. Regardless of these factors, certain aspects of this market can inhibit future development. For instance, uncertainty pertaining to government budget allocation along with failure to approve budget could limit the market growth. Besides, rising complexity and uncertainty of disasters could potentially inhibit growth of the crisis emergency and incident management platforms market.

Since there is rising threat pertaining to terror activities, government authorities are undertaking proactive initiatives to mitigate the threats. As a matter of fact, various organizations are exploring different means to deploy systems to warn citizens regarding various natural calamities such as earthquakes, landslides, and storms. Such factors can augment growth of the crisis emergency and incident management platforms market. Recently, in May 2020, Honeywell International Inc. launched an integrated set of solutions to improve the health of building environments and operate more safely.