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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. and Evigilo.
Research Nester Reviews the Global Mass Notification System Market; to be worth USD 23,342.3 Million by 2024The uncertainty concerning the natural calamities and terrorist activities around the globe is the major concern behind the public safety along with minimizing the number of casualties in case of crises. According to the Institute for Health Metrics and Evaluation, the worldwide deaths of all age groups caused by forces of nature, conflict and terrorism was 7.1 Thousand during 2016. This has led to the rising demand for mass notification systems around the globe.
The global mass notification system market is predicted to account for USD 23,342.3 Million by 2024 from USD 4,717.7 Million during 2016, expanding at a compound annual growth rate of 22.9% over the period 2017-2024.
By end user, the global mass notification system market is segmented into healthcare, government institutions, education sector, automotive, defense, energy & power, BFSI market, transportation & logistics and others, out of which, the healthcare segment is expected to witness highest CAGR of around 25% between the period 2017 and 2024. The growing cases of natural disasters and terrorist activities are augmenting the growth of the market and are likely to drive the demand for mass notification systems around the world in upcoming years.
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The global mass notification system market is segmented on the basis of offering, application, solution, deployment and end-users. Based on offering, the market is further segmented into hardware, software and services. With Y-o-Y growth rate of 30.4% in 2024, the hardware mass notification system segment is anticipated to be the most attractive segment in overall mass notification system market over the period 2017-2024.
The report titled “Global Mass Notification System Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016-2024” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
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This report also studies existing competitive scenario of some of the key players of the mass notification system market which includes profiling of IBAM Systems LLC, Samara Security & Safety Systems, Honeywell International Inc., Shamrad Electronics Ltd. and Evigilo. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Mass Notification System Market Outlook 2024”, analyses the overall mass notification system industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in Global Mass Notification System Market in near future.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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