DALLAS, May 25, 2015 /PRNewswire/ --
According to a new market research report "Mass Notification Market by Solution (In-Building, Wide-Area, Distributed Recipient), by Application (Interoperable Emergency Communications, Business Continuity & Disaster Recovery, Integrated Public Alert & Warning, Business Operations), by Deployment, by Vertical & by Region - Global Forecast to 2020", published by MarketsandMarkets , The Mass Notification Market is estimated to grow from $3.81 Billion in 2015 to $8.57 Billion in 2020.This represents a Compound Annual Growth Rate (CAGR) of 17.6% from 2015 to 2020.
Browse 75 market data Tables and 51 Figures spread through 185 Pages and in-depth TOC on "Mass Notification Market"
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The major forces driving this market are the growing need for public safety, increasing awareness for emergency communication solutions, requisite for business continuity, and the trend towards mobility is rising. Hence, the adoption of mass notification solutions is increasing. Also, the enterprises are expected to follow business continuity and disaster recovery and public safety compliance standards which are boosting the sales of mass notification solutions. Most of the enterprises across different verticals are actively formulating policies and procedures to ensure operational safety and minimizing loss of life and loss of property in case of emergencies.
Mass notification solutions providers such as IBM Amatra, AThoc, Honeywell International, Siemens AG, Eaton Corporation and many others are expected to collaborate and provide better competitive services to take advantage of this emerging Mass Notification Market and to fulfill the need of providing complete crisis communication solution. Educational institutions, defense, healthcare and government organizations are the major consumers of Mass Notification Systems (MNS).
The report includes segmentation of Mass Notification Market by type of products: 'hardware', 'software and services'; by type of deployment: 'on-premise' and 'on-demand'; by type of solutions: 'in-building solutions', 'wide-area solutions' and 'distributed recipient solutions'; by type of applications: 'interoperable emergency communication', 'business continuity and disaster recovery', 'integrated public alert and warning', and 'business operations'; by type of industries: 'commercial', 'education', 'energy and power', 'healthcare', 'defense', 'automotive, transportation and logistics', 'government' and 'others' and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA) and Latin America (LA). The report also provides insights into the opportunity analysis of specific verticals and business case analysis and roadmaps for the Mass Notification Market.
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The Mass Notification Market is estimated to grow from $3.81 Billion in 2015 to $8.57 Billion in 2020.This represents a Compound Annual Growth Rate (CAGR) of 17.6% from 2015 to 2020. In the current scenario, education and defense verticals continue to be the largest contributor for MNS. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while the European region is expected to experience increased market traction.
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