Global Mass Notification System Market Will Multiply At An Impressive CAGR Of 22.9% By 2024 & Top Key Players IBAM Systems LLC, Samara Security & Safety Systems, Honeywell International Inc., Shamrad Electronics Ltd., Evigilo And Others.

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. Moreover, global business continuity and disaster recovery segment is anticipated to achieve absolute $ opportunity of USD 6,382.5 Million between 2017 and 2024.

Global mass notification system market is expected to grow at a significant pace in future. A number of factors such as rising occurrence of manmade or natural disasters, crime, terrorism and other hazards are likely to be the dynamic factors behind the growth of Global Mass Notification System Market in future. Further, increasing awareness about mass notification system quality is adding value to the mass notification system market. Global mass notification system market reached USD 4,717.7 Million in 2016 and is expected to show positive growth over the forecasted period.

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. In deployment type segment, hosted mass notification system segment is expected to witness significant demand during the forecast period i.e. 2017-2024. Rapid penetration of smart connectivity devices and growing adoption of mass notification system for non-emergency applications are expected to enhance the growth of global market over the forecast period.

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Rising Terrorism Across the Globe

Mass notification can act as a live saving solution, when there is a terrorist attack. Rising need to increase the level of life safety in a building or infrastructure is anticipated to bolster the adoption of mass notification system across all regions. Recent terrorist attacks in France and other countries have fuelled the demand for emergency alert systems such as mass notification system.

Growing Infrastructure Facilities

Rise in infrastructure facilities in many nations across the globe is predicted to be a major growth driver for the mass notification systems. Likely, growing economies across the globe is leading nations towards modern infrastructure facilities for the set-up of smart cities. Consequently, increasing demand for mass notification systems in smart cities is likely to augment the market growth in near future. The significance of mass notification systems is growing in industries and government organizations owing to rising need for alerts and notification systems to provide appropriate information within the organizational masses. However, high initial cost of investment coupled with high cost of equipment and support services are some of the major factors hindering the growth of mass notification systems market globally.

The report titled “Global Mass notification system Market: Global Future Outlook (2016-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global mass notification system market in terms of market segmentation by offering, by solution, by deployment, by application, by end-user, and by region.

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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global mass notification system market which includes company profiling of IBAM Systems LLC, Samara Security & Safety Systems, Honeywell International Inc., Shamrad Electronics Ltd., Evigilo and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global mass notification system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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