2014-01-23 17:59:01 - Mass Notification Market: Global Advancements Market Forecasts and Analysis 2013-2018 - a new market research report on companiesandmarkets.com
The mass notification market is estimated to grow from $2.41 billion in 2013 to $6.41 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) of 21.6% from 2013 to 2018.
Emergency and mass notification software is no longer used simply to share a piece of information with a large audience speedily. Rather, it is a conduit for communication flows of various types. The Emergency Communication/Mass Notification Systems (MNS) are evolving significantly, to meet with the demands such as fast message delivery, message prioritization, which are arising out of the increasing emergency situations.
Mass notification provides advanced communication technology which alerts the people about the possible danger and also guides them during the situation to be safe. Customers consist of large
scale companies, Small and Medium Enterprises (SMEs), educational institutions, healthcare companies, military organizations, emergency response teams and also government. The services provide notification to individuals or groups such as customers, employees, citizens, and government officials.
Mass notification is considered as a necessity these days as it helps to promote public safety and avoid panic during natural calamities, terrorist attacks, crimes and other similar incidents. The technologies which are used in mass notification include communication systems such as Wi-Fi, IP Ethernet, satellite, radio frequency; Geographical Positioning Systems (GPS), Geographical Information Systems (GIS), and mobile applications. The vendors for MNS include companies such as IBM, United Technologies, Mircom Group of Companies, Tyco, Athoc and Cooper Industries.
North America is expected to have the largest market share in the year 2013 which is succeeded by Europe. In 2013, the highest market share is accounted by hardware products, such as digital signage, speakers, in-building visual notification appliances, fire life safety solutions and paging systems. Furthermore, in 2018, it is expected that the market share of software and services will have comparatively higher market share.
The market share of cloud-based MNS is growing and it has widespread applications across various verticals. Hybrid deployment of MNS is mainly seen in Europe and is expected to increase in other regions. One of the major concerns of the mass notification market is the availability of substandard and non-tested solutions for public safety. Many vendors sell such solutions at much cheaper rates and hence competition in the market has increased.
The education vertical will continue to account for the largest market share throughout the forecast period. However, there are a few potential revenue pockets namely defence, healthcare, energy and power, transportation and logistics, and government industry, which will witness significant growth in this period.
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