Market Research Report
Mass Notification Systems Market by Component (Hardware, Software and Services), Solution (In-Building Solutions, Wide-Area Solutions, and Distributed Recipient Solutions), Deployment Type, Organization Size, Vertical, Region - Global Forecast to 2024
|Published by||MarketsandMarkets||Product code||296295|
|Published||Content info||136 Pages
Delivery time: 1-2 business days
|Mass Notification Systems Market by Component (Hardware, Software and Services), Solution (In-Building Solutions, Wide-Area Solutions, and Distributed Recipient Solutions), Deployment Type, Organization Size, Vertical, Region - Global Forecast to 2024|
|Published: September 3, 2019||Content info: 136 Pages||
"The global Mass Notification Systems (MNS) market size is expected to grow from USD 7.3 billion in 2019 to USD 17.3 billion by 2024, at a CAGR of 18.8% during the forecast period"
The growing concern for public safety and security and the increasing implementation of Internet Protocol (IP)-based notification devices are the major factors driving the growth of the MNS market.
The in-building MNS typically provide personnel and building occupants with clear, concise, and intelligible voice messages to communicate how people should respond during various emergencies. Indoor public address systems, digital signage, desktop alerting, tone alert radios, voice-enabled fire alarm panels, posted notices, video screens, and telephones are part of in-building mass notification solutions that are instrumental in relaying information about a critical event in a swift manner. North America is the largest adopter of in-building solutions majorly used in large enterprises, SMEs, commercial buildings, and educational institutions. In-building MNS are a useful means of mass notification to notify personnel and requisite agencies or departments of power outages, scheduled maintenance work, mock drills, hostage situations, IT system issues, meeting and conference requests, and fire outbreaks.
The cloud-based mass notification solutions make the deployment easy with no need for on-site hardware deployment. The cloud-based mass notification solutions are used for efficient business operations, business continuity, and disaster recovery processes. With reduced physical infrastructure, less maintenance cost, 24*7 data accessibility and support, and effective monitoring of data, most of the MNS application providers are rapidly moving toward cloud deployment.
In North America, there has been an increased awareness about MNS after the 9/11 terrorist attacks. Moreover, the increase in occurrence of campus shootouts has troubled the law enforcement agencies. After the 9/11 terrorist attacks, the Department of Defense (DoD) issued stringent norms related to installation and management of MNS in industrial enterprises, public installations, and defense installations. Most of the law enforcement agencies in the US, such as federal agencies, Marine Corps, US Army, and defense installations, have deployed MNS for instant intelligent alerts and better and quick response management. North America is also rapidly adopting MNS and emergency communication initiatives.
In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup of the profiles of the primary participants is as follows:
The MNS market includes various major vendors, such as Motorola Solutions (US), BlackBerry AtHoc (US), Eaton (Ireland), Honeywell (US), Siemens (Germany), Everbridge (US), Blackboard (US), Desktop Alert (US), OnSolve (US), Singlewire Software (US), xMatters (US), Alertus (US), Johnson Controls (US), Federal Signal Corporation (US), and Rave Mobile Safety (US).
The report includes an in-depth competitive analysis of the key players in the MNS market, along with their company profiles, recent developments, and key market strategies. The report segments the MNS market by component (hardware, software and services), solution (in-building solutions, wide-area solutions, and distributed recipient solutions), deployment type (on-premises and cloud), organization size (large enterprises and SMEs), vertical, and region.
The MNS market has been segmented on the basis of component (hardware, and software and services), solution (in-building solutions, wide-area solutions, and distributed recipient solutions), deployment type (on-premises and cloud), organization size (large enterprises and SMEs), vertical, and region.
The report will help the market leaders/new entrants in the MNS market in the following ways:
(Business overview, Products and services offered, Recent Developments, SWOT analysis, MNM view)*
Details on Business overview, Products and services offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.