The global Mass Notification Systems (MNS) Market size is expected to grow from USD 8.0 billion in 2020 to USD 27.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.5% during the forecast period. The major driving factors in the MNS industry are rising demand for public safety and security to boost the adoption of MNS, and high adoption of MNS across hospitals and medical facilities.
Increasing use of data by companies to know more about their core business processes driving the adoption of managed services segment of MNS platforms during the forecast period
Third-party vendors’ offer managed services, and they monitor and maintain software operations. Managed services are important as they are specifically related to client experience. Enterprises cannot bargain on the variable, as it helps them in maintaining their market position. A technological domain requires well-delivered managed services. The services being offered must fit perfectly into the client’s environment. Technical expertise, service consistency, and flexibility must be provided by the vendors regardless of the client’s location.
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Rising need to secure data by large firms to drive the demand for on-premises to hold a larger market size
Data security concerns among the end-users is contributing to the higher adoption of on-premises MNS solution globally. The on-premised MNS solution is majorly deployed by the large organizations as it has better ability to invest. Moreover, large firms have wide variety of business segment with serving to broader geographical reason hence data security is of utmost importance.
The major MNS vendors include IBM (US), Google (US), Motorola Solutions (US), BlackBerry (US), Eaton (Ireland), Honeywell (US), Siemens (Germany), Everbridge (US), Blackboard (US), Desktop Alert (US), OnSolve (US), Singlewire Software (US), xMatters (US), Regroup Mass Notification (US), Alertus (US), Johnson Controls (US), Federal Signal Corporation (US), Rave Mobile Safety (US), and AlertFind (US), ATI Systems (US), CrisisGo (US), Omnilert (US), Catalyst Technologies (Australia), Omnigo (US), and Klaxon (UK). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product launches, to further expand their presence in the global MNS market. Partnerships and new product launches have been the most dominating strategy adopted by the major players from 2017 to 2020, which has helped them innovate on their offerings and broaden their customer base.
Motorola Solutions was established in 1928 and is headquartered in Illinois, US. Motorola, Inc. was founded in 1928 and changed its name from Motorola, Inc. to Motorola Solutions in 2011. The company is one of the prominent players in mission-critical communications. The company’s technology platforms in communications, command center software, video security solutions, and managed and support services make cities safer and help communities and businesses thrive. Motorola Solutions offers the VESTA solutions suite, a proven, feature-rich, Next Generation (NG) 9-1-1 ready solution, which serves thousands of public safety answering points. The company provides emergency notification systems to hundreds of public and private sector organizations worldwide. The company serves more than 100,000 customers in more than 100 countries and has a rich heritage of innovation spanning more than 90 years.
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Everbridge was founded in 2002 and is headquartered in Massachusetts, US. The company is a provider of a Software as a Service (SaaS) critical communications and enterprise safety solutions. It is a leader in providing unified critical communications and incident notification systems. The company offers an ENS, designed to help millions of people communicate in case of crisis and emergencies, manage operational incidents, and maintain inter-connectivity among the employees of an enterprise daily. The solutions provided by the company are useful for increasing connectivity to key audiences; automating communication processes; and integrating social media, data feeds, and recipient feedback into a single communications console. Everbridge provides interactive communication and mass notification solutions to organizations in all major industry verticals, such as corporate, healthcare, government, energy, financial services, higher education, and transportation. The Everbridge MNS applications enable the simultaneous delivery of messages in near real-time to more than 100 different communication devices, in over 200 countries and territories, in 15 languages and dialects.
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