Eaton Corporation (Ireland), Airbus DS Communications, Inc. (US), Honeywell International, Inc. (US), BlackBerry AtHoc, Inc. (US), Blackboard, Inc. (US), Siemens AG (Germany), Desktop Alert, Inc. (US), Everbridge, Inc. (US), Omnilert LLC (US), Singlewire Software, LLC (US), xMatters, Inc. (US) and OnSolve (US) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Mass Notification System Market.
Mass Notification System Global Market – Overview
Mass Notification Systems are very useful in coastal areas or Island cities to alert the residents or an area which is natural calamity prone; where hurricanes, or earthquakes or floods are quite cyclical. The Global Mass Notification System Market is growing with the rapid pace; mainly due to the wide awareness towards its efficacy and adoption. According to a recent study report published by the Market Research Future, The global market of Mass Notification System is booming and expected to gain prominence over the forecast period. The global Mass Notification System market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a whooping double digit CAGR during the estimated period (2017 – 2023). The global market of Mass Notification System will reach approximately USD 12 Billion by the year 2023, by registering a CAGR of 17% during the forecasted period (2017 and 2023).
Mass Notification Systems is driven by the rising awareness of MNSs by various organizations, growing implementation of IP-based notification devices and increasing adoption of BYOD devices. Furthermore, factors such as increasing collaborations and partnerships, increasing cloud based deployment and technological advancements are expected to boost the overall growth of the market.
However, issues related to privacy and other rules & regulations related to the product is likely to hinder the growth of the Mass Notification System Market. Adversely, Cyber Security systems are well supporting to eradicate the security concerns.
The system is basically used to provide information and instructions to people in a particular area by using voice communications such as signals, texts, and graphics among others. The hardware component segment accounted for the largest market share.
A Mass Notification System refers to a System that delivers one way messages to a group of people or arrays during the hours of emergency. MNSs are useful to convey information of a mishap that is already taken place or a disastrous weather forecast to alerts the masses with the real time instructions or precautionary measures to be taken. MNSs are used by organizations to alert their employees or by Police & Fire departments, building owners and property management companies, emergency management organizations federal, state and local governments, cities and communities management commissions. When in case of crisis justifying the need of MNSs safety and security of people can be ensured and improved.
People can register their means and preferences of contact such as Email, SMS (Text), and Phone call along with their location addresses in the database of Mass Notification System. This data is linked with the emergency services like 911 and is accessed during the hour of crises. Some calamity prone areas or places even have an easy accessible mobile app/ public app, which can be downloaded and where resident can receive alerts on their smart phones. These life saver apps provide a real-time, two-way communication with the crises management commissions.
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Mass Notification System Market – Competitive Analysis
The Highly competitive MNSs Market is adorned by the several well-established as well as small players. The market appears slightly to be fragmented. The key strategies traced from the analysis of recent developments of the key players include Product or Technology Launch, Agreement & Partnership, Acquisition and expansion. These key players compete based upon pricing, Technology, reputation and services.
These Key players realize the power of having multiple means possible to reach people and they ensure the consistency and timeliness of emergency notification messaging, and develop systems that respond quickly and appropriately.
On Sept. 25, 2017 Airbus DS Communications (US), a leading critical communications technology provider, has expanded the capabilities of one of its product – VESTA® Communicator emergency notification solution. The new functionality offers users the ability to alert people through many new means in an emergency. Plus, additional features, such as custom user roles, increase system security and enhance employee accountability.
Mass Notification System Market – Segments
Global Mass Notification System Market is segmented in to 6 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Component: Comprises – Hardware, Software and Services.
Segmentation By Application: Comprises – Business Continuity, Disaster Recovery, Integrated public alert, Emergency Communication and other.
Segmentation By Deployment: Comprises – On-Cloud, On Premise.
Segmentation By Organization: Comprises – SME, Medium, Large Business Units.
Segmentation By End User: Comprises – Healthcare, Education, Energy, and Commercial, Automotive, Defence, Government and other.
Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Mass Notification System Market – Regional Analysis
Regionally, North-America accounted for the largest market share majorly due to increasing awareness about safety, increasing demand for security solutions, high dissemination of mobile technologies, increasing development and adoption of various technologies and the presence of various companies. However, Asia-Pacific region is expected to grow over the forecast period majorly due to high adoption of new technological solutions.
North-America is the largest market of MNSs, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.
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