Globally, the demand for crisis management software is growing due to the increased spread of the coronavirus. Crisis management software helps enterprises to better manage their operations and prevent environmental, health, and safety (EHS) risks.
The Crisis Management Software Market is segmented by deployment (on-premise and cloud) and geography (North America, Europe, APAC, South America, and MEA). Technavio's research on crisis management software analysis projects that the market size will grow up to USD 9.97 billion, accelerating at a CAGR of 5.05% till 2025.
The market's growth trajectory is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download PDF Sample Report
Crisis Management Software Market: Market Driver
The increasing spread of coronavirus disease globally is one of the primary factors boosting the demand for crisis management software. Owing to the increased spread of coronavirus disease, governments of various countries have taken initiatives, such as the lockdown to stop the further spread of the disease. Lockdowns created more crisis globally, which is driving the adoption of crisis management software across various enterprises.
In addition, factors such as the rising adoption of blockchain in crisis management software, and the emergence of chatbots will increase the crisis management software market growth during the forecast period. However, the threat from open-source crisis management software will hamper the market growth.
Crisis Management Software Market: Vendor Analysis
The market is fragmented due to the presence of several players. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Badger Software Ltd., Everbridge Inc., F24 AG, Incidentcontrolroom.com, IntraPoint AS, Noggin Corp., RiskLogic Pty. Ltd., RMS Software Inc., The Response Group LLC, and YUDU Ltd. are some of the major market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Unlock Sample Report
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