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Mass Notification Systems Market by Solution, Application, Deployment Type, Vertical, and Region - Global Forecast to 2022

Mass Notification Systems Market: Global Forecast until 2022

  • July 2017
  • 156 pages
  • ID: 5025063
In this report:
Europe is estimated to account for the second-largest market share of ##.##% of the overall MNS market in 2017, and is expected to grow at a CAGR of ##.##% during the forecast period.
MEA is estimated to account for a market share of ##.##% in 2017, growing at a CAGR of ##.##% during the forecast period, while Latin America is estimated to account for a share of ##.##% in 2017, and is expected to grow at a CAGR of ##.##% during the forecast period.

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"Growing concerns for public safety and security, and the growing awareness about Mass Notification Systems for business continuity are driving the rise of the MNS market."

The overall MNS market size is forecasted to grow from ~$4.9B in 2017 to ~$11.9B by 2022, at a CAGR of 19.60 percent.

The market increase is influenced by the increasing concerns for public safety and security, and rising awareness about MNS for business continuity. Nevertheless, inadequate regulations across industry verticals and the lack of awareness about MNS are some of the main factors hindering the rise of the overall MNS market.

"The distributed recipient solutions segment is anticipated to grow at the highest level rate during the estimate period."

The distributed recipient solutions segment is anticipated to increase at the maximal rate during the outlook period, as distributed recipient solutions enable communication via SMS, text, email, popup, social media, and push notification to targeted groups of individuals who may not be in a contiguous area.

Distributed recipient mass notification solutions can directly inform the masses about an emergency on their smartphones, thus creating high degrees of awareness and reducing the loss of life and property.

"The education vertical in the MNS market is projected to have the biggest market share in 2017."

The education vertical represents the more considerable adoption of MNS out of all the verticals, as incidents of college and school shootouts are growing throughout the world, due to which it has become important to install MNS on campuses to offer information to students and law enforcement agencies for reducing the loss of life and property.

"Asia Pacific (APAC) is anticipated to rise at the highest CAGR (Compound annual growth rate) during the estimate period."

Asia-Pac includes emerging economies including China, Australia (AU), Singapore (SG), and India (IN). Firms in these emerging economies are quickly deploying mass notification solutions. Asia-Pacific is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. The increase of the area is because of the acceptance of the mass notification technology by consumers, due to dynamic environmental conditions. Furthermore, the industry demand for cloud-based MNS solutions in companies is anticipated to enhance the MNS product offerings in the Asia-Pacific regions. North America (NA) is projected to have the biggest industry size in 2017.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, innovative products and technology directors, and executives from numerous main institutions operating in the MNS market.

The breakup of the profiles of the primary participants is presented below:

• By Organization: Tier 1 - 20.0 percent, Tier 2 - 42.0 percent, and Tier 3 - 38.0 percent

• By Description: C-suite - 42.0 percent, D-level - 31.0 percent, Others - 27.0 percent

• By Area: North America continent - 48.0 percent, Europe (EU) - 28.0 percent, Asia-Pac - 18.0 percent, RoW - 6.0 percent

Segment Research

The MNS market has been divided on the basis of components, solutions, applications, deployment types, organization size, verticals, and localities. An in-depth study of the top industry actors has been done to furnish key aspects into their sector overview; products and services; top strategies; recent product launches; alliances, strategic agreements, and collaborations; business developments; and competitive landscapes combined with the MNS market.

Reasons to Buy the Report

The market research will facilitate the market top players/new sector entrants in these ways:

• The document breaks down the MNS market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across different areas.

• The report benefits partners distinguish the pulse of the sector and offers them information on the main market drivers, market restraints, opportunities, and alternatives.

• The report is expected to benefit partners comprehend the players better and acquire additional insights to advance their rank in the sector. The competitive outlook section includes competitor ecosystems, new industry product developments, alliances, and mergers and acquisitions.

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