DUBLIN--(BUSINESS WIRE)--The "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, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
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 segment, by solution, to hold the highest market share during the forecast period
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 is 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.
Cloud segment to account for significant growth during the forecast period
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.
North America to have the largest market size during the forecast period
In North America, there has been an increased awareness about MNS after the 9/11 terrorist attacks. Moreover, the increase in the occurrence of campus shootouts has troubled 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.
Market Dynamics
Drivers
- Growing Concern for Public Safety and Security to Boost the Adoption of the MNS Market
- Increasing Implementation of Ip-Based Notification Devices
Restraints
- Inadequate Rules and Regulations Across Verticals
- Stringent Privacy Regulations Pertaining to Access of Individual Data
Opportunities
- Extensive Demand in the Energy and Utilities Vertical
- Growing Cloud-Based MNS Deployment
Challenges
- Lack of Awareness About MNS
- Hardware Infrastructure Prone to Single-Point Failures
Use Cases
Regulations and Compliances
- Clery Act
- National Fire Alarm and Signaling Code
- Unified Facilities Criteria
- Health Insurance Portability and Accountability Act
- Sarbanes-Oxley Act Compliance
-
International Organization for Standardization (ISO) 22301 and 22313
Companies Mentioned
- Alertus
- BlackBerry AtHoc
- Blackboard
- DesKTop Alert
- Eaton
- Everbridge
- Federal Signal Corporation
- Honeywell
- Johnson Controls
- Motorola Solutions
- OnSolve (Ecn+ Mir3+ Sendwordnow)
- Rave Mobile Safety
- Siemens
- Singlewire Software
- xMatters
For more information about this report visit https://www.researchandmarkets.com/r/fabd5s
