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Crisis Management Software Market to Grow by USD 2.6 Billion (2024-2028) as AI and Blockchain Adoption Boost Trends, Technavio Reports

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NEW YORK, Oct. 7, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global crisis management software market size is estimated to grow by USD 2.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.4%  during the forecast period. Rising adoption of blockchain in crisis management software is driving market growth, with a trend towards growing number of partnerships among market participants. However, threat from open source crisis management software  poses a challenge. Key market players include 4C Group AB, Altia Solutions Ltd., Eaton Corp. Plc, Everbridge Inc., F24 AG, Haystax, Hexagon AB, Honeywell International Inc., IntraPoint AS, Iridium Communications Inc., Konexus Inc., MetricStream Inc., Moodys Corp., Noggin Corp., Onspring Technologies LLC, RiskLogic Pty Ltd., SAS Institute Inc., The Response Group LLC, Transputec Ltd., and YUDU Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Crisis Management Software Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.4%

Market growth 2024-2028

USD 2621.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.13

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 30%

Key countries

US, China, UK, Germany, and Canada

Key companies profiled

4C Group AB, Altia Solutions Ltd., Eaton Corp. Plc, Everbridge Inc., F24 AG, Haystax, Hexagon AB, Honeywell International Inc., IntraPoint AS, Iridium Communications Inc., Konexus Inc., MetricStream Inc., Moodys Corp., Noggin Corp., Onspring Technologies LLC, RiskLogic Pty Ltd., SAS Institute Inc., The Response Group LLC, Transputec Ltd., and YUDU Ltd.

Market Driver

The crisis management software market is witnessing intense competition among vendors, leading them to form strategic partnerships and acquisitions with various market participants. These collaborations include software providers, technology providers, and platform providers. Partnerships and acquisitions enable vendors to expand their product offerings, geographical reach, and access to technological expertise. For instance, Everbridge’s partnership with National Public Warning Solutions and samdesk allows for the integration of samdesk’s AI-powered crisis detection feeds with Everbridge’s Crisis Event Management (CEM) suite. This collaboration provides organizations with complete situational intelligence before, during, and after critical events, enabling them to take proactive action on life-saving and operational continuity workflows. Similarly, Everbridge’s partnership with digital transformation leader ATOS expands Everbridge’s EEM adoption globally, benefiting ATOS clients with access to Everbridge’s critical event management solutions, ensuring business continuity and employee safety. The increasing number of such partnerships and acquisitions is expected to drive the growth of the global crisis management software market.

The Crisis Management Software Market is witnessing significant growth due to the increasing need for business continuity and disaster recovery solutions. The market caters to various sectors including natural disasters, man-made catastrophes, government standards, climate risks, terrorist attacks, geo-political conflicts, and cyber threats. Real-time interaction, emergency communications, and situational awareness are key features in demand. Cloud-based solutions are popular for their flexibility and scalability, while on-premise deployment offers greater control. Risk assessment is crucial for organizational resilience, with tools providing advanced analytics for incident analysis and automated incident response. Crisis management software is essential for large enterprises, healthcare, and manufacturing sectors, ensuring compliance management, incident management, communication tools, crisis response, and operational disruptions. Government and defense, IT and telecom, and family reunification are other significant markets. Emergency notification systems, training and simulation, and compliance management are integral parts of crisis preparedness. Public health crises and cyberattacks require specialized crisis management tools. The market offers various deployment options, including public, private, and hybrid cloud, catering to diverse business needs.

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Market Challenges

Open-source crisis management software poses a significant challenge to the growth of the global crisis management software market. These free applications, developed by organizations or communities, are increasingly popular among small and medium enterprises (SMEs) and startups due to their low IT budgets. While open-source solutions like Open-Source Risk Engine (ORE), OpenEX, and Open Broadcaster offer cost savings, they come with limitations. Advanced features are often not included, and organizations must customize the software or pay extra for additional functions. Moreover, technical support is not always readily available, requiring in-house personnel to address errors. Despite these challenges, the demand for risk management and asset tracking in financial institutions is driving new vendors to offer freeware solutions during the forecast period. Consequently, the market growth may be impacted by the availability of open-source crisis management software.The Crisis Management Software Market faces various challenges in today’s dynamic business environment. On-premise deployment requires significant investment and maintenance, while risk assessment is crucial for effective crisis management. An Emergency Notification System is essential for timely communication during crises, but training and simulation are necessary to ensure proper usage. Family reunification, government and defense, IT and telecom, and compliance management are key sectors requiring advanced crisis management tools. Incident management, communication tools, and crisis response are essential components, addressing operational disruptions, advanced analytics, and crisis preparedness. Public health crises and cyber threats necessitate emergency response capabilities. Automated incident response and proactive management are essential for large enterprises, healthcare, manufacturing, and other industries facing security threats. Digital solutions offer flexibility through public, private, and hybrid cloud options, enabling crisis response planning and incident analysis for business operations.

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Segment Overview 

This crisis management software market report extensively covers market segmentation by  

Component 1.1 Solution1.2 ServicesDeployment 2.1 On-premises2.2 Cloud-basedGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Solution-  The crisis management software market’s solution segment is experiencing significant growth due to the escalating demand for tools that enable organizations to effectively manage and respond to crises. This segment encompasses a range of software offerings designed to streamline crisis response efforts and minimize disruptions. The interconnected world we live in has heightened the speed and impact of crises, necessitating advanced solutions. New technologies, such as AI and ML, are being integrated into crisis management software to provide real-time data and insights for informed decision-making. The frequency and complexity of crises have intensified the requirement for and all-encompassing solutions. Crisis management software solutions offer essential features to facilitate real-time communication and collaboration among teams, ensuring seamless coordination, information sharing, and decision-making, even in remote environments. Moreover, the emphasis on adhering to compliance and regulatory requirements has significantly contributed to the expansion of the crisis management software market. Organizations must adhere to various legal and industry-specific guidelines during crisis situations. Crisis management software solutions often incorporate compliance features, enabling organizations to maintain detailed records and demonstrate due diligence. Products in this segment include communication and collaboration tools, incident reporting and tracking systems, risk assessment and forecasting tools. The need for efficient and comprehensive crisis response capabilities, the integration of digital technologies and remote work practices, the adoption of AI and ML capabilities, and the focus on compliance and regulatory requirements are expected to fuel the growth of the global crisis management software market’s solution segment throughout the forecast period.

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Research Analysis

Crisis management software is a vital solution for businesses and organizations to prepare for and respond effectively to various crises, including natural disasters, man-made catastrophes, terrorist attacks, and cyberattacks. This software enables business continuity, disaster recovery, and emergency communications, providing real-time interaction and situational awareness. It helps manage resources, data, and assess risks, ensuring organizational resilience and compliance with government standards. Climate risks are also addressed, as well as incident analysis and emergency response. Crisis management tools include automated incident response, disaster recovery solutions, and cybersecurity features. Cloud deployment options include public, private, and hybrid, catering to the needs of large enterprises and healthcare organizations.

Market Research Overview

The Crisis Management Software Market encompasses a range of solutions designed to help organizations prepare for, respond to, and mitigate various types of crises. These crises can include natural disasters, man-made catastrophes, terrorist attacks, geo-political conflicts, cyber threats, and operational disruptions. The market offers business continuity and disaster recovery solutions to ensure organizational resilience, data and resource management, and real-time interaction for situational awareness. Government standards, climate risks, and public health crises are also addressed. Advanced analytics, automated incident response, and compliance management are key features. Solutions can be deployed as cloud-based or on-premise, and include emergency notification systems, training and simulation, family reunification, and crisis response planning tools. Crisis preparedness is essential for government and defense, IT and telecom, healthcare, manufacturing, and large enterprises. Digital solutions enable proactive management and crisis response planning for various sectors.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSolutionServicesDeploymentOn-premisesCloud-basedGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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KIC Ventures Changing the Private Equity Paradigm: The HealthTech Investment Firm with the Most Majority-Owned Portfolio of Revenue-Generating Spine Companies

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KIC Ventures is transforming the private equity landscape in healthtech by focusing exclusively on spine surgery technologies and maintaining majority ownership in its portfolio companies. Unlike traditional firms that diversify minority stakes across various sectors, KIC Ventures’ unique model allows it to control and direct innovation with unparalleled agility. Founded and led by Dr. Kingsley R. Chin, a physician with over 20 years of clinical experience, KIC Ventures disrupts the market by aligning its investments with the future of outpatient spine care. This physician-led approach ensures the firm addresses real clinical needs, giving it a decisive advantage in shaping the future of spine surgery, particularly in physician-owned outpatient centers.

FORT LAUDERDALE, Fla., Oct. 7, 2024 /PRNewswire-PRWeb/ — KIC Ventures is reshaping private equity in healthtech by maintaining majority ownership in the most number of revenue-generating spine companies in the world. Unlike traditional firms that diversify minority stakes across sectors, KIC Ventures exclusively focuses on spine surgery technologies, giving it unparalleled control and agility in driving innovation.

“KIC Ventures is transforming spine care by empowering physicians with cutting-edge technologies, shifting the focus from hospital-based systems to physician-owned outpatient centers for more efficient and patient-centered care.” – Dr. Erik C. Spayde, CMO of KIC Ventures

Led by founder Dr. Kingsley R. Chin—a Harvard-trained orthopedic spine surgeon and Harvard Business School graduate—KIC Ventures’ leadership team consists of experts who invest their own capital, ensuring a stable and committed group that can act with speed and decisiveness. This unique approach has enabled KIC Ventures to maintain majority ownership, allowing the firm to predict market needs and align investments with the future of outpatient spine care.

KIC Ventures’ proprietary Less Exposure Spine Surgery (LESS) philosophy, pioneered by Dr. Chin, focuses on less invasive procedures that preserve anatomy, reduce recovery times, and empower physicians. This innovative, patient-centered approach places KIC Ventures ahead of traditional hospital-based models, positioning it as a key disruptor in the spine surgery market.

Strategic Milestones and Global Vision

KIC Ventures’ journey is marked by significant milestones that demonstrate its ability to identify and scale breakthrough technologies. The sale of MANTIS to Stryker and acquisitions like AxioMed and NanoFuse Biologics underscore its vision for developing innovative solutions that meet the evolving needs of surgeons and outpatient facilities. With its leadership in spine care technologies, KIC Ventures continues to challenge traditional healthcare models by supporting physician-owned outpatient centers.

“We are proud to lead the outpatient spine surgery market, offering cutting-edge solutions that empower physicians and transform care from hospital-based systems to physician-owned centers,” said Dr. Erik C. Spayde, Chief Medical Officer of KIC Ventures, Chief of Spine Surgery at a major California Hospital and Harvard-trained board-certified orthopedic spine surgeon

Looking ahead to 2025, KIC Ventures plans to release new spine surgery innovations, including the highly anticipated Axiomed lumbar disc, and expand its NANISX portfolio, which already features technologies like InSpan, Sacrix, and FacetFuse. The firm’s ability to remain nimble and act with foresight is a direct result of its capital strategy and leadership stability. “Our independent capital strategy allows us to act with decisiveness, avoiding dilution and keeping our leadership agile,” added Aditya Humad, Co-founder, President, and CFO of KIC Ventures, formerly at JP Morgan HealthTech mergers and acquisitions, and a graduate of Wharton and Harvard Business School.

Chief Technology Officer Vito Lore also emphasized the firm’s commitment to collaboration. “Collaboration between engineers and physicians drives our innovation. Our upcoming 2025 releases are set to shape the future of spine care technologies.” Lore, with a background in aeronautical engineering from Purdue University and almost two decades of experience in spine innovations, brings deep experience collaborating with physicians to the firm’s cutting-edge advancements.

A Vision for the Future

KIC Ventures is built on Dr. Chin’s entrepreneurial philosophy of identifying a Problem, predicting future needs, and creating products that drive global adoption—his “3 P’s of entrepreneurship.” This strategy has fueled the firm’s growth and innovation. With new product launches on the horizon, KIC Ventures is set to continue leading the transformation of outpatient spine surgery worldwide.

About KIC Ventures
Founded in 2013 as the venture arm of Kingsley Investment Company LLC, KIC Ventures focuses exclusively on advancing outpatient spine surgery through its Less Exposure Spine Surgery (LESS) philosophy. With a portfolio of innovative spine technologies and a commitment to empowering physicians, KIC Ventures has become the world’s largest private equity firm with a majority-owned portfolio of differentiated spine companies focused on outpatient spine solutions.

For more information, visit http://www.kicventures.com.

Media Contact

KIC Ventures, KIC Ventures, 978-232-3990, Press@KICVentures.com, www.KICVentures.com 

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SOURCE KIC Ventures

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AMI Partners with Samsung to Bring Firmware Security to PCs

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ATLANTA, Oct. 8, 2024 /PRNewswire/ — AMI®, the global leader in Dynamic Firmware for worldwide computing, has partnered with Samsung Electronics, the global leader in consumer technology, to create an enhanced joint security solution available in Samsung’s Galaxy Book PCs. Alongside Samsung’s multi-layer security platform Samsung Knox, AMI’s Tektagon™ – the industry-leading Platform Root of Trust firmware security solution – is now integrated into Samsung PCs including the Galaxy Book5 Pro 360, Galaxy Book4 Pro, Galaxy Book4 Pro 360, and Galaxy Book4 Ultra. 

Through this collaborative partnership, AMI’s Tektagon seamlessly integrates with Samsung Knox to ensure that confidential and sensitive data stays safe at every layer of the device through real-time threat detection and collaborative protection, while providing the highest level of security against firmware-injected malware to help prevent ransomware and denial of service attacks.

“As a leading supplier of endpoint technology to global government and commercial industries, Samsung is committed to securing its platforms at all levels,” said Dr. Hark-Sang Kim, EVP & Head of New Computing R&D Team, Mobile eXperience Business at Samsung Electronics. “Integrating AMI’s Tektagon solution into our latest Galaxy Books provides powerful and comprehensive protection at the platform’s foundation.”

The Samsung Knox platform leverages the motherboard’s existing embedded processor to provide a hardware-backed secure platform, which includes AMI’s Tektagon security technology. Thanks to AMI’s leading capabilities as a firmware provider, the need for additional components is reduced while hardware-rooted security is still seamlessly delivered.

“AMI is extremely proud of our work integrating our Tektagon Platform Root of Trust solution into Samsung Galaxy Book series notebooks,” said Stefano Righi, Senior Vice President of the AMI Global Software and Security Group. “Together Samsung and AMI are helping to reduce the cyber threat landscape, securing business endpoints around the world from malicious attacks.”

The Samsung Galaxy Book5 Pro 360, Galaxy Book4 Pro, Galaxy Book4 Pro 360 and Galaxy Book4 Ultra with AMI Tektagon Platform Root of Trust are available today and can be ordered directly from Samsung.

Follow AMI on LinkedIn and Twitter/X to receive the latest news and announcements.

AMI® and Tektagon™ are registered trademarks/trademarks of AMI in the US and/or elsewhere. Galaxy Book and Knox are trademarks of Samsung Electronics Co. Ltd. in the United States and other countries. All other trademarks and registered trademarks are the property of their respective owners.

About AMI

AMI is Firmware Reimagined for modern computing. As a global leader in Dynamic Firmware for security, orchestration, and manageability solutions, AMI enables the world’s compute platforms from on-premises to the cloud to the edge. AMI’s industry-leading foundational technology and unwavering customer support have generated lasting partnerships and spurred innovation for some of the most prominent brands in the high-tech industry.

Logo – https://mma.prnewswire.com/media/1327926/AMI_Logo2023.jpg

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Patriot Memory Unveils Viper PV573 Gen5 SSD: Compact Design, Maximum Power–The Perfect Balance of Size and Performance

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TAIPEI, Oct. 8, 2024 /PRNewswire/ — Patriot Memory, a leading manufacturer of high-performance gaming memory modules, SSDs, flash memory, and gaming peripherals, today announced the launch of its latest innovation under the Viper Gaming brand: the Viper PV573 PCIe Gen5 x4 M.2 2280 SSD. This product reinforces Patriot’s leadership in cutting-edge technology, pushing speed boundaries beyond its predecessor, the PV553.

The Viper PV573 SSD utilizes advanced 3D NAND vertical stacking technology, significantly enhancing storage density while reducing power consumption and delivering faster read and write speeds. This innovation also improves durability, making it a reliable choice for users with demanding storage needs. With capacity options of up to 4TB, the Viper PV573 combines powerful performance in a compact, portable form factor, achieving the perfect balance of high capacity and efficiency within a small footprint.

The Viper PV573 SSD boasts astonishing read speeds of up to 14,000 MB/s and write speeds of 12,000 MB/s. Equipped with Patriot’s proprietary active cooling technology, it is specifically designed for high-performance computers, workstations, data centers, servers, gaming consoles, and media creation and editing applications, ensuring stability and high performance during extended use.

Featuring the latest PCIe Gen5 x4 controller and 232-layer TLC NAND technology, the Viper PV573 is fully compliant with the NVMe 2.0 specification. With blazing read speeds of up to 14,000 MB/s and write speeds reaching 12,000 MB/s, it delivers a performance boost of up to 2.8 times faster than the previous Gen 4 SSD standard and nearly 7 times faster than Gen 3 SSDs. This provides users with an unprecedented speed experience for performance-demanding tasks. Not only is it backward compatible with PCIe 4.0 and PCIe 3.0 platforms, but it also offers exceptional system loading and data caching performance, making it ideal for intensive creative workloads. Whether it’s 3D animation production, game development, or high-complexity virtual visualization, the PV573 effortlessly handles it all, significantly enhancing multitasking efficiency. On the latest Intel and AMD platforms, it showcases unmatched performance, offering creators and gamers the ultimate solution for all high-performance application needs.

The Viper PV573 SSD features Patriot’s most advanced proprietary cooling technology with an active fan design. The fan system, tailored for Gen 5 SSDs, introduces cool air through an aluminum alloy heatsink, creating thermal convection and accelerating heat dissipation, thus improving overall cooling performance by over 40%. The 16.5mm high thermal conductivity aluminum alloy heatsink, with an innovative heat flow design, effectively addresses common overheating issues in Gen 5 SSDs, ensuring stable temperatures under high-load operations.

The Viper PV573 Gen5 x4 SSD is equipped with powerful data protection and error correction mechanisms that significantly enhance the durability of NAND storage while ensuring data integrity and stable system operation. By incorporating advanced wear leveling technology, the SSD’s lifespan is greatly extended. It also features 4K LDPC (Low-Density Parity-Check) error correction technology, which maintains consistently high performance even under prolonged, high-load operation.

Additionally, the Viper PV573 comes with a comprehensive five-year global warranty, offering users peace of mind for high-performance applications such as gaming, video editing, 3D modeling, and rendering. This ensures reliable, long-term support for demanding tasks.

This new SSD not only represents an evolution in speed but also showcases Patriot’s relentless pursuit of cutting-edge technology, delivering the perfect combination of ultimate speed and stability for all high-performance applications.

About Patriot Group

Patriot Group designs, develops, manufactures, and markets high-performance memory and storage products and solutions, streamlining users and technologies of data applications for different verticals. The Patriot Group owns three leading brands, Patriot, Viper Gaming, and ACPI, serving different market segments. Patriot offers the latest consumer memory and storage technologies, including DRAM, SSD, and flash memories. Viper Gaming features top-notch overclock-ready memories and gaming gadgets that appeal to hardcore gamers, covering high-performance memory modules and SSDs to the latest in gaming accessories. ACPI, the group’s brand for industrial-grade storage solutions, provides flash storage devices for industrial applications and embedded systems with reliability and quality.

About Viper™

Viper™ is a trademarked brand under the Patriot Group, a global leader in performance memory, SSD, and flash storage solutions. Established in 2007, Viper™ made its mark by introducing a renowned line of computer memory. This line has since become synonymous with elite performance and reliability among gamers worldwide. In 2015, Viper™ expanded its product range to include gaming keyboards, headsets, and mice. With offerings in entry-level, mid-level, and high-end categories, all equipped with rich feature sets, Viper™ has garnered numerous awards for its peripherals. These accolades are a testament to the brand’s commitment to providing gamers with unrivaled performance and reliability, empowering them to dominate their chosen sport.

*All company and/or product names may be trade names, trademarks and/or registered trademarks of the respective owners with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

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