“The European mass notification market was valued at $795.9 million for 2014, and is projected to reach $2,177.7 million by 2019, at a CAGR of 22.3% from 2014 to 2019.
Mass Notification Systems (MNS) are imperative due to the increasing number of disasters, which can be catastrophic natural calamities, such as earthquakes, floods, hurricanes, and wildfires, or other threats, such as human killings, shootings, and bombings. The increased usage of mass notification systems in both developed and developing nations can be attributed to factors, such as rising need for public safety, increasing awareness of emergency communication solutions, requisite for business continuity, and growing trend towards mobility.
Furthermore, the market is also segmented on the basis of solution. The solution segment covers in-building solution, wide-area solution and distributed recipient solution. The in-building solution segment held the largest share in the solution segment in 2014. The increasing awareness for emergency communication solutions exhibits a high growth potential for this market. Mass notification systems are also segmented on the basis of deployment types, such as on-premise and on-demand. The on-demand segment is expected to dominate the mass notification system market in 2019. The mass notification system market is also segmented on the basis of product (hardware and software & services).
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