Disaster Preparedness Systems Market size is expected to reach USD 255.19 billion by 2028
Disaster Preparedness Systems Industry Overview The global disaster preparedness systems market size was valued at USD 146.03 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% from 2021 to 2028. The rise in natural disasters is one of the major factors driving the need for disaster preparedness systems. According to the statistics provided by the Down to Earth organization of 27% of the increase in natural disasters was recorded in 2020 as compared to 2019. According to a report provided by Aon, a financial services provider, natural disasters cost the world USD 75 billion in 2020. Thus, there is a rise in demand for disaster preparedness systems to witness a rise in demand to reduce the cost incurred due to disasters. Gather more insights about the market drivers, restrains and growth of the Global Disaster Preparedness Systems Market The disaster preparedness system provides an emergency preparedness plan and effective incident prevent...