The worldwide deaths of all age groups caused by forces of nature, conflict and terrorism was 7.1 Thousand during 2016 ~ Institute for Health Metrics and Evaluation
“Global Mass Notification System Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016-2024”
Rising industrialization across the globe is substantially raising the need of notifications and alert systems to alert the employees in case of emergency situations. Further, enhancement in the mass notification alert system is likely to strengthen with rising concern towards public safety and broadcasting of events and disasters among the masses over the forecast period. The mass notification system manufacturers are focusing to develop more reliable and more accurate systems in terms of notifying users. For example, The Desktop Alert, Inc. improved the efficiency of the company’s desktop alert mass notification platform. The rising demand for mass notification systems is predicted to expand the global mass notification system market to reach significant valuation of around USD 23,342.3 Million by the end of 2024 as compared to USD 4,717.7 Million in 2016, expanding at a CAGR of 22.9% over the period 2017-2024.
The global mass notification system market is divided by applications into interoperable emergency communication, integrated public alert and warning and business continuity and disaster recovery. Among these segments, business continuity and disaster recovery segment occupied the largest market of mass notification system across the globe during 2016. Further, the global business continuity and disaster recovery segment is anticipated to achieve absolute $ opportunity of USD 6,382.5 Million between 2017 and 2024.
Increasing Adoption of Mass Notification System amongst End-Users to Bolster the Growth of the Market
The global mass notification system market is thriving on the back of rising awareness regarding the benefits of mass notification system to reduce human and economic loss around the globe.
Increasing Cases of Natural Disasters – Natural disasters or hazards are fuelling the death and injury rates across the globe along with impacting a country’s financial performance and business sectors.
Rising Terrorism across the Globe – The growing rate of terrorist attacks has led to the rising need to increase the level of life safety in buildings or similar organizations. Further, the government and defense sectors are aggressively adopting mass notification system to minimize the damage and life loss when an attack takes place.
Growing Infrastructure Facilities – The rapid urbanization & growing development of advanced infrastructure facilities are believed to propel the growth of the global mass notification system market during the forecast period.
Industry Players’ are Progressing towards Minimizing the Barriers faced by the Global Mass Notification System Market
According to Research Nester, the presence of local manufacturers and strict regulations are some of the hurdles that are obstructing the growth of the market.
Absence of stringent regulations – The high cost of equipment and the absence or lack of strict regulations is likely to hinder the growth of the market.
Requires High Maintenance – There is a need for some key repairs that are required for the maintenance such as updating and cleaning of information at intervals that costs additional money to the end-user.
The report titled “Global Mass Notification System Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016-2024” delivers detailed overview of the global mass notification system market in terms of market segmentation by offering, by application, by solution, by deployment, by end-user and by region.
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. and Evigilo.
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.