HOME Research Insight Mass Notification Market : Forecasts and Analysis (2013 2018)

Mass Notification Market : Forecasts and Analysis (2013 2018)

Mass notification has been acknowledged as a necessity during emergency situations and disasters. It is observed that the rise in the number of disasters and the awareness of life safety and security solutions has led to an increase in the mass notification solutions. Hence, MarketsandMarkets observes that the Mass Notification Systems (MNS) are being deployed by various enterprises in various industry verticals with the aim of being prepared for emergencies, business continuity and disaster recovery. These are also used for day-to-day communication of business operations and events.

MarketsandMarkets observes the increasing deployment of mass notification solutions across verticals such as energy and power, healthcare, transportation and logistics, and government apart from education and defense. MNS has been deployed in the education and defense vertical from a long time. Education vertical follows compliance standards such as HOEA, Clery Act, and while for the defense vertical, the Ft. Hood Action report specifies that mass notification and warning systems must be installed. Major vendors in the mass notification market provide solutions to these verticals. MarketsandMarkets expects the trend to further rise aggressively as these verticals are expected to continue to have large demand for mass notification solutions. Interoperable emergency communication, public alert and warning, along with business continuity and disaster recovery is expected to be the future focus for education, healthcare, defense, government, and other industry verticals.

In the healthcare vertical, the use of MNS has started increasing. These organizations require efficient communication techniques for all activities such as tragic events, pandemic outbreaks, finding available staff and doctors to notify them about the emergency. The energy and power vertical is also expected to gain a large market share in the coming years. These organizations must follow security regulations and compliance. Mass notification solutions are used in energy, utilities, and oil and gas industries for notifying the masses regarding the emergency situations such as natural disaster, severe weather conditions, security breach or any accidents in the plant. Therefore, MarketsandMarkets expects these two verticals to adopt MNS on a large scale.

Other industries such as automation, transportation and logistics; Banking, Financial Services and Insurance (BFSI); retail and consumer goods; and manufacturing verticals are expected to adopt MNS too. MarketsandMarkets expects the mass notification market to have the highest revenue growth from North America and Europe, followed by APAC and other regions. MarketsandMarkets forecasts the global mass notification market to grow from $2.41 billion in 2013 to $6.41 billion in 2018 at a Compound Annual Growth Rate (CAGR) of 21.6% from 2013 to 2018

Related Reports:

Mass Notification Market by Solutions (In Building, Wide Area, Distributed), by Applications (Emergency Communications, Disaster Recovery, Public Alerts and Warning, Business Ops) - Global Advancements Market Forecasts and Analysis (2013 - 2018)

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