Mass Notification Systems Market to Evolve in Near Future 2022
(Telecom-NewsWire.Net, April 16, 2019 ) Growing concern for public safety and security, increasing awareness of MNS for business continuity, and increasing implementation of IP-based notification devices some of the factors driving the growth of the MNS market. Need for end-to-end crisis communication and the growing cloud-based MNS deployment are expected to offer huge market opportunities in this market, in the next 5 years.
MarketsandMarkets forecasts the mass notification systems market size to grow from USD 4.86 billion in 2017 to USD 11.87 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period.
The major vendors providing MNS are:
• Airbus DS Communications, Inc. (California, US)
• BlackBerry AtHoc, Inc. (California, US)
• Blackboard, Inc. (Washington D.C., US)
• Desktop Alert, Inc. (New Jersey, US)
• Eaton Corporation (Dublin, Ireland)
• Everbridge, Inc. (Massachusetts, US)
• Honeywell International, Inc. (New Jersey, US)
• Omnilert LLC (Virginia, US)
• OnSolve (Florida, US)
• Siemens AG (Munich, Germany)
• Singlewire Software, LLC (Wisconsin, US)
• xMatters, Inc. (California, US)
North America is expected to hold the largest share in the MNS market during the forecast period. Increased awareness about MNS after the 9/11 terrorist attacks and an increase in the occurrence of campus shootouts are the factors driving the growth of the MNS market in the North American region. APAC is expected to grow at the highest CAGR during the forecast period. The growth in the APAC region is fortified by factors such as the acceptance of the mass notification technology by end-users, due to dynamic environmental conditions.
The in-building solutions segment is expected to have the largest market share during the forecast period, as these solutions can be integrated with fire alarm systems and public address systems to effectively convey alert messages and notifications to people present in small areas, such as buildings, corporate offices, or restaurants. In-building mass notification systems are important because a crisis in a smaller area can cause greater damage and chaos and result in the loss of physical enterprise assets.
MNS provide real-time information and instructions about the emergency situations in an area, building, or other spaces to people, first responders, and law enforcement agencies. The information is conveyed using intelligent voice communications, along with texts, graphics, visible signals, or other concrete communication methods. The purpose of mass notification is to protect life and property by indicating the occurrence of an emergency and instructing masses of the necessary responses and actions to be undertaken.
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