The Mass Notification System market is expected to grow at a CAGR of ~20% and reach ~12 Billion by the end of 2023.
Mass Notification System is a platform which sends one-way messages to individuals or groups such as customers, employees, citizens, and government officials to keep everyone informed about any event, emergency or disaster. The key factor that fuels the growth of Mass Notification System Market is high demand for public safety and security solutions across various industries in case of any unexpected event. Moreover, continually evolving technological needs, protecting data loss and preventing the business from becoming standstill are some of the other drivers that are expected to fuel the growth of this market during the forecast period.
The prominent players in the market of Mass Notification System 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.), and Desktop Alert, Inc. (U.S.).
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The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
The global market for mass notification system is estimated to grow at a significant rate during the forecast period from 2018 – 2023. The geographical analysis of Mass Notification System market is covered for the regions such as North America, Europe, Asia Pacific, and rest of the world. Among these, the North America region is expected to dominate and grow due to the technological advancements and major players investing in research and development of mass notification system technology. The U.S. has been in the forefront for the implementation of mass notification systems because of considerable number of vendors offering customized solutions to different industry verticals. The European market also contributes to the growth of mass notification system due to high investments made by communication hardware vendors in the countries like Germany, U.K., and France. The Asia Pacific market is stimulating the rise in Mass Notification System Market due to high demand for public safety in countries like India, China, and Japan.
List Of Figures
FIGURE 1 Global Mass Notification System Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Mass Notification System Market
FIGURE 4 Value Chain Of Global Mass Notification System Market
FIGURE 5 Share Of Mass Notification System Market In 2018, By Country (In %)
FIGURE 6 Global Mass Notification System Market, 2018-2023,
FIGURE 7 Sub Segments Of Component
FIGURE 8 Global Mass Notification System Market Size By Component, 2018
FIGURE 9 Share Of Global Mass Notification System Market By Component, 2018 To 2023
FIGURE 10 Global Mass Notification System Market Size By Solution, 2018
FIGURE 11 Share Of Global Mass Notification System Market By Solution, 2018 To 2023
FIGURE 12 Global Mass Notification System Market Size By Application, 2018
FIGURE 13 Share Of Global Mass Notification System Market By Application, 2018 To 2023
FIGURE 14 Global Mass Notification System Market Size By Deployment Type, 2018
FIGURE 15 Share Of Global Mass Notification System Market By Deployment Type, 2018 To 2023
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