Mass Notification Market Size 2017 to 2022 provides deep research on Mass Notification Market Size, share, system, the application as well as focus on Mass Notification Systems Market by Solution such as In-Building, Wide-Area, Distributed Recipient and Application likes Interoperable Emergency Communication, Business Continuity and Disaster Recovery.
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MNS market size is expected to grow from $4.86 billion in 2017 to $11.87 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.6%. The market growth is driven by the growing concerns about public safety and security and increasing awareness about MNS for business continuity.
However, inadequate regulations across industry verticals and the lack of awareness about MNS are some of the major factors hindering the growth of the global MNS market.
The MNS ecosystem includes companies such as Airbus DS Communications, Inc., BlackBerry AtHoc, Inc., Blackboard, Inc., Desktop Alert, Inc., Eaton Corporation, Everbridge, Inc., Honeywell International, Inc., Omnilert LLC, OnSolve, Siemens AG, Singlewire Software, LLC, and xMatters, Inc.
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The MNS hardware, solutions, and services developed by these companies are used across various verticals, including commercial; education; energy and utilities; healthcare and life sciences; defense; automotive, transportation, and logistics; government; and others.
Key Target Audience of Mass Notification Market such as Mass notification application vendors, Mass notification hardware vendors, Mass notification software vendors, Communication hardware vendors, System integrators, Third-party vendors, Cloud providers, Network providers, Enterprises, First responders, Law and enforcement agencies, Government.
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In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the MNS market.
The breakup of the profiles of the primary participants is given below:
- By Company: Tier 1 – 20%, Tier 2 – 42%, and Tier 3 – 38%
- By Designation: C-Level – 42%, Director Level – 31%, Others – 27%
- By Region: North America – 48%, Europe – 28%, APAC – 18%, RoW–6%
APAC includes emerging economies such as China, Australia, Singapore, and India. Enterprises in these emerging economies are rapidly deploying mass notification solutions.
APAC is expected to grow at the highest CAGR during the forecast period.
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The growth of the region is because of the acceptance of the mass notification technology by end-users, due to dynamic environmental conditions. Moreover, the demand for cloud-based MNS solutions in enterprises is expected to enhance the MNS product offerings in the APAC region.
North America is estimated to have the largest market size in 2017.
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