According to a new market research report published by MarketsandMarkets the mass notification market is estimated to grow from $3.81 billion in 2015 to $8.57 billion in 2020. This represents a compound annual growth rate (CAGR) of 17.6 percent from 2015 to 2020.
The major forces driving this market are the growing need for public safety, increasing awareness for emergency communication solutions, the requirement for mass notification for business continuity, and the trend towards mobility.
The report says that business continuity and disaster recovery and public safety compliance standards are boosting the sales of mass notification solutions.
Mass notification solutions providers are expected to collaborate and provide better competitive services to take advantage of the emerging mass notification market and to meet the need for complete crisis communication solutions.
Obtain the ‘Mass Notification Market by Solution (In-Building, Wide-Area, Distributed Recipient), by Application (Interoperable Emergency Communications, Business Continuity & Disaster Recovery, Integrated Public Alert & Warning, Business Operations), by Deployment, by Vertical & by Region - Global Forecast to 2020’ report from here.