Disaster Preparedness System Market 2023 Supply-Demand, Production Cost and Share Analysis
Disaster Preparedness System Industry The global disaster preparedness system market size is projected to reach USD 308.01 billion by 2030, registering a CAGR of 8.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the escalating incidents of terrorism, criminal activities, and the occurrence of unpredictable natural disasters. Disaster preparedness encompasses the measures undertaken to minimize the damages caused by such events, whether natural or manmade. This involves forecasting potential disasters and their likely locations, implementing preventive measures to avert or reduce the severity of these incidents, mitigating the impact on vulnerable communities, and formulating effective response strategies to cope with the aftermath of disasters. Several nations are actively pursuing technological advancements in their disaster preparedness systems. For instance, in March 2023, the UK Government recentl...