The report, now available on ASDReports, "Mass Notification Systems Market by Solution (In-Building, Wide-Area, Distributed Recipient), Application (Interoperable Emergency Communication, Business Continuity and Disaster Recovery), Deployment Type, Vertical, and Region - Global Forecast to 2022", The global MNS market size is expected to grow from USD 4.86 Billion in 2017 to USD 11.87 Billion by 2022, at a CAGR of 19.6%.
Growing concerns for public safety and security, increasing awareness about MNS for business continuity, increasing implementation of Internet Protocol (IP) based notification devices, and the rising adoption of the Bring Your Own Device (BYOD) trend are some of the factors driving the growth of the MNS market. Additionally, extensive demand for MNS in the energy and utilities vertical, need for end-to-end crisis communication, and growing cloud-based MNS deployments are expected to offer huge market opportunities in the next 5 years.
“The in-building solutions segment is estimated to have the largest market share in 2017.”
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 also result in the loss of physical enterprise assets.
“The commercial vertical is expected to grow at the highest rate during the forecast period.”
The commercial vertical is projected to grow at the highest CAGR from 2017 to 2022, due to an increase in the demand for safety and security frameworks by commercial installation vendors and community centers.
“North America is expected to contribute to the largest market share; Asia Pacific (APAC) is expected to grow the fastest rate during the forecast period.”
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. Moreover, the demand for cloud-based MNS solutions in enterprises is expected to enhance the MNS product offerings in the APAC region.
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), and xMatters, Inc. (California, US).
Source: ASDReports - Market Research
Date: Jul 27, 2017