Global Mass Notification System Market 2017-2024: Market to Expand at a CAGR of 22.9%
DUBLIN, July 26, 2018 /PRNewswire/ --
The "Mass Notification System Market: Global Demand Analysis & Opportunity Outlook 2024" report has been added to ResearchAndMarkets.com's offering.
Global mass notification system market reached USD 4,717.7 Million in 2016 and is expected to reach USD 23,342.3 Million by the end of 2024, expanding at a CAGR of 22.9% over the forecast period i.e. 2017-2024.
Moreover, the growth of mass notification system market is attributed to rising concerns towards public safety, broadcasting of events and disasters among the masses over the forecast period.
Rising industrialization across the globe substantially raises the need of notifications and alert systems to alert the employees in cases of emergency situations. Further, enhancement in the mass notification alert system is likely to strengthen the growth of global mass notification system market over the forecast period.
Factor such as rising industrialization across the region is believed to contribute to the growth of Asia Pacific mass notification system market. Further, increasing adoption of mass notification system for emergency alert and management in region such as Australia is anticipated to drive the growth of the mass notification system market in the Asia Pacific region.
Global mass notification system market is segmented on the basis of application into interoperable emergency communication, integrated public alert and warning and business continuity and disaster recovery. Among these segments, business continuity and disaster recovery segment occupies the largest market of mass notification system across the globe with market share of 37.9% in 2016. Further, global business continuity and disaster recovery segment is anticipated to reach USD 8,453.3 Million by the end of 2024 from USD 1,788.1 Million in 2016.
Further, global mass notification system market is segmented on the basis of solution into in-building solutions, wide-area solutions and distributed recipient. Among these segments, in-building solutions segment with market share of 51.3% in 2016 occupies the largest market of mass notification system across the globe. Furthermore, global in-building solutions segment is anticipated to reach USD 11,278.8 Million by the end of 2024 from USD 2,418.0 Million in 2016.
Moreover, global mass notification system market is segmented on the basis of deployment into on-premises and hosted. Among these segments, on-premises segment with market share of 74.1% in 2016 occupies the largest market of mass notification system across the globe. Further, global on-premises segment is anticipated to reach USD 16,718.3 Million by the end of 2024 from USD 3,495.1 Million in 2016.
Global mass notification system market is segmented on the basis of end user into healthcare, government, education sector, automotive, defense , energy & power, BFSI, transportation & logistics and others. Among these segments, BFSI segment with market share of 24.9% in 2016 occupies the largest market of mass notification system across the globe. Further, global BFSI segment is anticipated to reach USD 5,154.0 Million by the end of 2024 from USD 1,174.2 Million in 2016.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Risk Analysis
4. Top Countries with Highest demand for Mass Notification System - By Region
5. Global Mass Notification System Market Size (USD Million) and Forecast, 2016-2024
6. Market Dynamics & Its Impact Analysis
7. Global Mass Notification System Market Segmentation Analysis
8. Porter's Five Force Model Analysis
Companies Mentioned
- Motorola
- Everbridge
- Mitel Networks
- xMatters
- LRAD Corp
- Omnialert LLC
- Desktop Alert Inc.
- Siemens
- Eaton
- Alert Cascade
- Derdack
- Sonnenburg Electronic
- Bosch
- IBM
- Blackberry
- Acoustic Tech
- MissionMode
- Mircom
- Johnson Controls
- TOA Corporation;MA Safety Signal Co.
- Guangzhou CMX Audio
- STENTOFON Communications
- IBAM Systems
- Samara Security and Safety Systems
- Honeywell International
- Shamrad Electronics
- Evigilo
For more information about this report visit https://www.researchandmarkets.com/research/mt8fsn/global_mass?w=5
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