Home > Media & Technology > Information Technology > IT Software > Crisis Management Market

Crisis Management Market Share

Report ID: GMI5525
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

Crisis Management Market Share

Honeywell International Inc, Lockheed Martin, and Siemens AG held a significant market share of over 18% in 2023. Honeywell leverages its expertise in integrated communication and control systems to deliver real-time crisis management solutions. The company enhances situational awareness, incident response, and recovery through advanced analytics, AI-driven insights, and IoT connectivity. Their scalable platforms are tailored to critical industries such as aviation, energy, and public safety, ensuring swift and effective crisis resolution.

Lockheed Martin emphasizes the development of resilient systems and technologies to enhance crisis preparedness and response. Their strategy includes deploying advanced cybersecurity measures, satellite communication systems, and AI-driven analytics for threat detection and management. The company also focuses on government partnerships, providing tailored solutions for national security and disaster recovery, ensuring rapid and coordinated responses during crises.

Siemens AG integrates its digitalization and automation technologies to enhance crisis management capabilities. The company focuses on creating resilient infrastructure through smart grids, digital twins, and predictive maintenance. By leveraging its IoT and AI-driven platforms, Siemens enables real-time monitoring, risk assessment, and decision-making, ensuring effective management of crises across various sectors, including energy, transportation, and healthcare.

Crisis Management Market Companies

Major players operating in the crisis management industry are:

Honeywell International Inc
Lockheed Martin
Siemens AG
IBM Corporation
Motorola Solutions, Inc.
Johnson Controls
Eaton
Hexagon AB
LTIMindtree
Esri

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of crisis management reached USD 121.4 billion in 2023 and is set to grow at over 7.5% CAGR between 2024 and 2032, driven by the frequency of natural disasters, including hurricanes, earthquakes, floods, and wildfires.

The defense and military segment accounted for a share of over 24% in 2023 and is expected to exceed USD 54.3 billion by 2032, due to its critical need for effective crisis response.

North America market accounted for a market share of over 37% in 2023 and is expected to exceed USD 84.2 billion by 2032, driven by its major industries, advanced infrastructure, and heightened focus on risk management.

IBM Corporation, Motorola Solutions, Inc, Johnson Controls, Eaton, Hexagon AB, LTIMindtree, Esri among others.