New York, US, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Mass Notification System Market information by Solution, by Components, by Deployment and Region – forecast to 2027” market size to reach USD 20 billion, growing at a compound annual growth rate of 20% by 2027.
Market Scope:
The high adoption of mass notification system in medical facilities and hospitals may offer robust opportunities for the market over the forecast period.
Dominant Key Players on Mass Notification System Market Covered are:
- Eaton Corporation (U.K.)
- Blackboard (U.S.)
- Honeywell International (U.S.)
- Omnilert LLC (U.S.)
- Siemens AG (Germany)
- Everbridge Inc. (U.S.)
- Xmatters Inc. (U.S.)
- Mir3 Inc. (U.S.)
- Singlewire Software LLC (U.S.)
- Desktop Alert Inc. (U.S.)
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Market USP Exclusively Encompassed:
Market Drivers
Increasing Use of Digital Signage for Emergency Communication to Boost Market Growth
The increasing use of digital signage during emergency communication for offering messaging advantages will boost market growth over the forecast period. Various organizations such as business, manufacturing plant, and schools are leveraging digital signage. The digital signage adopted by such organizations are offering with real direction during crisis and also altering users to the location of the threat. Besides, the rise of the novel coronavirus has also boosted the need for emergency notification devices like digital signage. Thus the significant need for this form of emergency alert system for broadcast during the outbreak will surge the market growth.
Stringent Privacy Regulations to act as Market Restraints
The stringent privacy regulations pertaining to accessing individual data coupled with the lack of skilled and experienced professionals may act as market restraints over the forecast period.
Inability to Address Increasing Cyber-attacks to act as Market Challenge
The inability of addressing the increasing cyber-attacks through mass notification messages may act as market challenge over the forecast period.
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Segmentation of Market Covered in the Research:
The global mass notification system market is bifurcated based on components, deployment, industry, solution, and application.
By deployment, the on-premise segment will lead the market over the forecast period.
By application, the business continuity and disaster recovery segment will dominate the market over the forecast period.
By components, the hardware segment will spearhead the market over the forecast period.
By industry, the government segment will have the lions share in the market over the forecast period.
By solutions, the mass notification system market is segmented into in-building solutions, distributed recipient solutions, and wide-area solutions.
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Regional Analysis
North America to Precede Mass Notification System Market
North America will precede the market over the forecast period. Technological advancements, presence of several major players that are investing in R&D of mass notification system technology, the United States being at the forefront for the implementation of mass notification systems owing to considerable number of vendors offering customized solutions to different industry verticals, and the increase in the use of PCs, notebooks, tablets, and smartphones are adding to the global mass notification system market growth in the region. Besides, the US having the maximum employees using mobile devices, the increasing adoption of technology by educational institutions in the US, high acceptance of mass communication system by commercial business segment, and favorable government initiatives are also adding market growth.
COVID-19 Impact on the Global Mass Notification System Market
Mass notification system solutions have the ability of designating different groups so organizations can reach to the right people through the right message right away. Enterprises can create a group for various shifts so if anyone is tested positive for COVID-19, they can alert others that work on the same shift. It will help in alerting people regarding potential exposure sans causing panic with people that were not working at that time. This functionality can also extend to developing groups and zones for specific areas. Besides, being capable of reaching people through mobile devices and on-premises with safety and health information and new procedures owing to the pandemic will help in minimizing disruptions and confusions. Thus many organizations are using MNS for sharing critical information with people timely. With change in local regulations, the versatility of mass notifications can expand beyond simple alerting to help notify regarding events that impact their well-being.
Industry Updates
Genasys Inc. has expanded integrated mass notification system installations on college campuses with an aim to help protect students, faculty, and staff.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
