Sheetal2330 Jun, 2025Technology
The Natural Disaster Management market is projected to expand from USD 63.95 billion in 2024 to USD 114.04 billion by 2029, reflecting a CAGR of 12.3% over the forecast period. The growing impact of climate change has notably intensified the frequency and severity of weather-related natural disasters, serving as a key driver for the industry's growth. According to the World Meteorological Organization (WMO), the occurrence of such disasters has increased fivefold over the past 50 years due to climate change, weather, and water-related factors.
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