Global Mass Notification Systems Market Overview
Mass notification system enables the broadcast of alerts, messages and notifications to multitudes during or after an emergency situation. In order to minimize the risk during emergencies, mass notification system technologies are beneficial for the organizations.
Technological advancements in IT and communication technology are growing across the globe which helps to provide better communication services at the time of emergencies to minimize the risk of fatalities.
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Market size and forecast
The global mass notification systems market reached USD 3.38 Billion in 2015 and the market is expected to reach USD 10.42 Billion by 2023. The mass notification systems market is expected to expand significantly at a CAGR of 19.25 % during the forecast period 2016-2023 globally.
Implementation of mass notification systems across the globe by numerous enterprises is expected to showcase a significant growth over the forecast period i.e. 2016-2023.
North America accounted for the largest revenue share in mass notification systems market in 2014 and the market reached USD 1,748.1 Million in the same year. The market is further expected to reach USD 3,580.2 Million by 2023. The mass notification systems market of North America is expected to register a CAGR of 15.2%.
European region is expected to be the second largest share contributor in terms of revenue across the globe followed by Asia-Pacific region over the forecast period i.e. 2016-2023. Rapid pace in urbanization in both the regions are some of the major factors expected to spur the demand for mass notification systems during the forecast period 2016-2023.
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Our in-depth analysis segmented the global mass notification systems market in the following segments:
Demand Analysis By Product Type
LED Displays and Systems
Speakers, Sirens and Strobe Light
Others (Wall Mounted Buttons, Batteries, and Cables)
Demand Analysis By Services Type
Installation and Integration Services
By Application Type
Interoperable emergency communication
Integrated Public Alert and Warning
Business Continuity and Disaster Recovery
Growth Drivers and challenges
Rising concerns towards public safety, broadcasting of events and disasters among the masses, mandatory business continuity are some of the major driving factors for the growth of mass notification systems market across the globe.
The market of mass notification systems is also driven on the back of enhanced and technical features offered by mass notification systems which enables better management of events and alert users across the globe.
Contact Key extracts from the Table of Content of Mass notification system Market 2016-2023 report:
Mass notification system Market Size and Forecast, 2016-2023
Mass notification system Market CAGR for the Period 2016-2023
Mass notification system Market Y-O-Y for the Period 2016-2023
Mass notification system Market Demand & Supply Analysis
Mass notification system Market Investment Attractiveness
Mass notification system Market BPS Analysis
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