The vendors include companies such as IBM, United Technologies, Mircom Group of Companies, Tyco, Athoc and Cooper Industries.
(PRWEB) October 10, 2013
The report "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)" defines and segments the global mass notification market into various sub-segments with in-depth analysis and forecast of revenues. It also identifies drivers and restraints for this market with insights into trends, opportunities, and challenges.
Browse 95 market data tables and 54 figures spread through 222 pages and in-depth Table of Content on "Mass Notification Market".
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The major forces driving this market are the growing need for public safety, increasing awareness for emergency communication solutions, requisite for business continuity, and the trend towards mobility is rising. Hence, the adoption of mass notification solutions is increasing. Also, the enterprises are expected to follow business continuity and disaster recovery and public safety compliance standards which are boosting the sales of mass notification solutions.
Solution providers such as Cisco, Athoc, Honeywell, Tyco, United Technologies and many others are expected to collaborate and provide better competitive services to take advantage of this emerging mass notification market and to fulfill the need of providing complete crisis communication solution. Educational institutions, defense, healthcare and government organizations are the major consumers of Mass Notification Systems (MNS).
MarketsandMarkets has segmented the mass notification market by type of products: ‘hardware’, ‘software and services’; by type of deployment: ‘on-premise’ and ‘on-demand’; by type of solutions: ‘in-building solutions’, ‘wide-area solutions’ and ‘distributed recipient solutions’; by type of applications: ‘interoperable emergency communication’, ‘business continuity and disaster recovery’, ‘integrated public alert and warning’, and ‘business operations’; by type of industries: ‘commercial’, ‘education’, ‘energy and power’, ‘healthcare’, ‘defense’, ‘automotive, transportation and logistics’, ‘government’ and ‘others’ and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA) and Latin America (LA). The report also provides insights into the opportunity analysis of specific vertical sand business case analysis and road maps for the mass notification market.
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. In the current scenario,education and defense verticals continue to be the largest contributor for MNS. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while the European regions expected to experience increased market traction, in due course.
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