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..

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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

NEW YORK, Oct. 7, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global visible light communication market  size is estimated to grow by USD 316.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 89.62%  during the forecast period.  Growing penetration of process automation in industries is driving market growth, with a trend towards vlc-based 5g network. However, the dominance of competing technologies  poses a challenge. Key market players include Acuity Brands Inc., Firefly Networks Ltd., Fortive Corp., Fraunhofer Gesellschaft, fSONA Systems Corp., General Electric Co., Koninklijke Philips N.V., Latecoere, LightBee SL, Lucibel SA, nextLiFi, Oledcomm, Panasonic Holdings Corp., pureLiFi Ltd., Qualcomm Inc., Renesas Electronics Corp., Signify NV, To Be Srl, Viavi Solutions Inc., and VLNComm Inc..

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Key Market Trends Fueling Growth

Visible Light Communication (VLC) is a significant component of 5G technology, utilizing LED bulbs to transmit data at high speeds. This innovation offers dependable, super-fast connectivity, reaching up to 10 Gbps – 250 times faster than existing high-speed broadband. VLC’s major advantage lies in its ability to provide reliable connectivity in areas where Wi-Fi fails, such as airplanes, submarines, hospitals, and nuclear power stations. China is planning to operate a fully functional VLC-based 5G network for the Winter Olympics in 2022. The increasing adoption of LED bulbs and the growing potential for smart city applications will fuel the market’s growth. Opportunities include downloading traffic information from traffic lights or program guides from TVs. The affordability, reliability, and security of VLC make it an attractive alternative to Wi-Fi infrastructure. Consequently, the market for visible light communication-based 5G networks is expected to expand during the forecast period. 

The Visible Light Communication (VLC) industry is experiencing significant growth, driven by trends in various sectors. Small Local Area Networks (LAN) and smart lighting systems are integrating VLC technology for energy-efficient data transmission. In retail, smart stores use VLC for contactless payments and inventory management. Smartphones and VR headsets are adopting VLC for high-speed data transfer, eliminating the need for Wi-Fi, WiMAX, 3G systems, and 5G. VLC is also being used in underwater communication, traffic lights, streetlights, and trees for efficient data transfer. Unidirectional VLC is being used in industries like aerospace, automotive, and autonomous vehicles for bidirectional transmission. VLC sources like white LEDs and blue LEDs are powering this technology. The future holds promise with the adoption of Li-Fi, bidirectional VLC technology, battery-free duplex communication, voice-only traffic, and big data analytics. VLC receivers and sources are being used in various industries, including backhaul carrier technologies, making VLC a game-changer in wireless networks. 

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Market Challenges

The market for Visible Light Communication (VLC) technology is currently experiencing modest growth due to the dominance of Wi-Fi and WiMAX technologies in various sectors. These traditional technologies have provided reliable and efficient network connectivity for decades, enabling the implementation of smart systems in homes, transportation, manufacturing, and energy management. Smart systems, such as smart homes, connected cars, and smart grids, have gained significant traction with the advent of high-speed internet services from leading providers like AT&T, Comcast, Sprint, and Verizon. However, the widespread adoption of these systems relies heavily on wireless connectivity, including Wi-Fi. Advanced low-power communication technologies, like ZigBee and Z-Wave, have also emerged to support the efficient operation of smart systems. While VLC technology offers unique advantages, such as energy efficiency and privacy, its market growth is somewhat restrained due to the established presence of Wi-Fi and WiMAX technologies. Consequently, the global VLC market expansion is anticipated to be influenced by the ongoing dominance of these competing technologies during the forecast period.The Visible Light Communication (VLC) market is experiencing significant growth due to its potential as a cost-effective technique for high-speed data services in various major verticals like consumer electronics and IoT. However, challenges exist. One major challenge is the initial expenses for hardware installation, especially in comparison to RF communication. Another challenge is reliability issues caused by environmental interferences such as fog, scattering, and scintillation. Cyber security is also a concern due to the use of electromagnetic radiations. Energy consumption is a key consideration, making energy-efficient systems essential. The highest demand comes from sectors like hospitals and indoor navigation systems. VLC’s largest share is currently held by Li-Fi (Light Fidelity) using LED lights, but microlaser diodes and fiber-based Ethernet are also contenders. Frequency bandwidth is a limitation, with 4G outperforming VLC in terms of data rates. Mobile operators and network service providers are exploring VLC as an alternative to fiber-optic lines and Ethernet-based network solutions. Despite these challenges, the VLC market is expected to grow, driven by the demand for energy-efficient, high-speed data services.

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Segment Overview 

This visible light communication market report extensively covers market segmentation by

Application 1.1 Indoor networking1.2 LBS1.3 ICE1.4 Underwater communicationEnd-user 2.1 Retail2.2 Consumer electronics2.3 Automotive and transportation2.4 Healthcare2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Indoor networking-  The indoor networking segment of the Visible Light Communication (VLC) market is experiencing significant growth due to the adoption of VLC technology by retail and hospitality industries. VLC offers advantages over traditional wireless technologies like Wi-Fi, such as higher data transfer rates and immunity to electromagnetic interference, making it ideal for crowded and sensitive environments. With the increasing use of Internet of Things (IoT) devices and smart building systems, the need for efficient and reliable communication networks is growing. VLC’s ability to provide seamless connectivity between IoT devices, sensors, and control systems using existing LED lighting infrastructure is driving its adoption. In smart office environments, VLC enables data transmission between sensors for occupancy monitoring, environmental control systems, and lighting management, optimizing energy usage and enhancing workplace productivity. Indoor positioning systems can accurately track and locate assets, individuals, and devices within a building using VLC-enabled LED luminaires, improving operational efficiency and enhancing user experience. In retail environments, VLC-based indoor positioning systems can enable personalized shopping experiences, location-based promotions, and wayfinding assistance for customers. The convergence of these factors will fuel the growth of the indoor networking segment in the global VLC market during the forecast period. Major lighting manufacturers like GE and Philips have shown interest in this technology, further boosting its adoption.

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Research Analysis

The Visible Light Communication (VLC) market is an emerging technology that utilizes Li-Fi (Light Fidelity) to transmit data using visible light instead of radio waves like Wi-Fi. VLC is gaining popularity due to its ability to provide high-speed, energy-efficient, and secure communication. Indoor navigation systems and battery-free duplex communication are some of the key applications. VLC receivers can be integrated into consumer electronics like smartphones, making them an attractive alternative to RF technology. VLC sources include LEDs, which are widely used in smart lighting systems. The digitization of various industries and the increasing adoption of IoT and 5G are driving the growth of the VLC market. However, challenges such as cyber security concerns and the need for specialized VLC receivers remain. FSO (Free Space Optics) is another competing technology, but VLC offers the advantage of using existing light sources and is less susceptible to electromagnetic radiations.

Market Research Overview

The Visible Light Communication (VLC) market is experiencing significant growth due to the adoption of Li-Fi (Light Fidelity), a wireless communication technology that utilizes visible light instead of radio frequencies. VLC uses LED lights as sources and can provide high-speed data services, making it an attractive alternative to traditional RF-based networks. The technology is finding applications in major verticals such as aerospace, automotive, consumer electronics, hospitals, and IoT. VLC offers several advantages, including energy efficiency, cost-effectiveness, and reliability, making it a promising solution for various industries. However, initial expenses for installation and potential reliability issues due to environmental interferences such as fog, trees, and scattering are challenges that need to be addressed. The VLC market is expected to see the highest demand from consumer electronic devices, smartphones, smart lighting systems, and autonomous vehicles. VLC technology can also be used for underwater communication and in industries where RF communication is not feasible or desirable. The market is expected to grow significantly in the coming years due to the digitization of various industries and the need for high-bandwidth, energy-efficient systems. VLC technology can also be used in conjunction with other backhaul carrier technologies to provide bidirectional transmission and data rates that rival or surpass those of 3G and 5G systems. The use of bidirectional VLC technology and battery-free duplex communication can further enhance the capabilities of VLC systems. The VLC industry is also exploring the use of AI and Big Data analytics to optimize network performance and improve cyber security. The market is expected to see significant growth in the coming years due to its potential to provide high-speed, energy-efficient, and cost-effective communication solutions for various industries.

Table of Contents:

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

ApplicationIndoor NetworkingLBSICEUnderwater CommunicationEnd-userRetailConsumer ElectronicsAutomotive And TransportationHealthcareOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

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

GAINESVILLE, Fla., Oct. 7, 2024 /PRNewswire/ — Meteor Education, the leader in the design and delivery of collaborative, flexible learning environments that accelerate student engagement, announces the acquisition of Advanced Technologies Consultants (ATC), a leading provider of Career and Technical Education (CTE) training and equipment in both the secondary and post-secondary education markets. This acquisition not only reinforces Meteor Education’s commitment to helping K-12 schools and districts deliver comprehensive, future-ready learning solutions and environments that meet the needs of today’s students, it enables the company’s expansion of that vision to the post-secondary and career and workforce development markets.

ATC’s unique expertise in industry-standard training systems and curricula, paired with Meteor Education’s modern, collaborative and evidence-based learning environments, provides educational organizations at all levels with holistic solutions to help their students explore fast-growing career pathways such as smart manufacturing, mechatronics, automotive, automation, and robotics.

“This acquisition represents our opportunity to provide deeper CTE support to our current K-12 school and district partners, while expanding our ability to help post-secondary institutions provide critical career development pathways and reskilling of the US workforce,” said Bill Latham, CEO of Meteor Education. “By welcoming the ATC team to Meteor Education, we are broadening our combined impact, helping educational institutions create engaging, hands-on learning experiences that foster a new generation of future-ready learners.” 

“ATC is thrilled to become part of the Meteor Education family,” said Tom Close, President of Advanced Technologies Consultants. “We have long admired their commitment to transforming learning spaces to better serve students and educators. Together, we will enhance our ability to provide cutting-edge training technologies to schools across the country, ensuring more students have access to the high-quality, industry-relevant training they need to succeed.” 

This partnership sets the stage for future growth as both Meteor Education and ATC continue to develop solutions that inspire students, support educators, and transform the learning experience across K-12 and post-secondary spaces.

For more information, please visit www.meteoreducation.com and www.atctrain.com.

About Meteor Education:

Meteor Education is the leader in the design and delivery of collaborative, flexible learning environments that accelerate student engagement. As part of our full-service approach, Meteor’s local teams, educator experts and design specialists partner closely with each school district to create social classrooms and other custom spaces that empower educators to develop future-ready students. We provide training to teachers to help maximize the positive effect of each environment and tools so districts can measure the impact on student learning and the overall value provided to their community. Meteor has helped thousands of schools improve their learning settings over the past 30 years. In 2023, we partnered with over 1,000 districts across the US to impact the educational experience of more than 185,000 students.

About Advanced Technologies Consultants (ATC):

ATC is the leader in providing industry-standard training solutions for schools and companies that set students up for real world success. Our full-service approach includes local teams working closely with instructors to create educational programs that result in career-relevant skills and certifications. Through our more than 40 manufacturing partners, ATC offers a wide range of the most up-to-date curriculum, equipment, software and furniture. Every customer benefits from our 60 years of experience and free ongoing program support. ATC is proud to have helped over 2,100 schools across the US empower their students and achieve their training goals.

Media Contact:
Chelsea Adicks
Meteor Education
800-699-7516
cadicks@meteoreducation.com

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SOURCE Meteor Education