NEW DELHI, Oct. 28, 2019 /PRNewswire/ -- According to a new report Global Mass Notification Systems Market, published by KBV research, The Global Mass Notification Systems Market size is expected to reach $18.3 billion by 2025, rising at a market growth of 17.6% CAGR during the forecast period.
The hardware segment has been projected to record a high market share over the forecast period as compared to the software and services segment. The hardware segment covers several electronic components used for conveying the messages through exchanging information by visuals, speech, or signals. The extensive deployment of the MNS hardware has succeeded in the easy delivery of alerts via clear and concise voice communication. The hardware segment of mass notification solutions consists of displays, speaker's strobe lights, and controllers. These systems are most frequently used in defense and vertical automotive, army, government and public security. The Software & Services market is expected to witness a CAGR of 20% during (2019 - 2025).
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The North America market dominated the Global Mass Notification Systems Market by Region 2018, growing at a CAGR of 16 % during the forecast period. The Europe market is expected to witness a CAGR of 16.7% during (2019 - 2025). During the forecast period, APAC is anticipated to experience the highest CAGR. With over 70 percent of the world's natural disasters occurring in this region, APAC is most susceptible to natural disasters. In addition, researchers anticipated that APAC's disaster intensity and incidence would rise over the years to come. Accordingly, the share of the Mass Notification Systems Market in APAC is growing as public safety awareness and these systems are growing.
The on-premise segment is expected to maintain a greater market share than the cloud segment during the forecast period. Solutions for mass notification in industrial avenues and manufacturing plants are generally implemented on-site. The deployment mode is usually used to alert individual staff, update contact information and secure private data and devices on the network, such as pcs, laptops and smartphones.
The Education market dominated the Global Mass Notification Systems Market by End User 2018, growing at a CAGR of 15.4 % during the forecast period. Mass notification solutions have been used in academic organizations for a long time to make the campus more stable. These systems guarantee the safety and security of learners and teachers, enhance building efficiency and convenience, streamline institutional operations, decrease operational costs and boost long-term economic stability. Additionally, The Transportation and Logistics market is expected to witness highest CAGR of 19.1% during (2019 - 2025).
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The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Motorola Solutions, Inc., BlackBerry Limited (BlackBerry AtHoc), Eaton Corporation PLC, Honeywell International, Inc., Siemens AG, Johnson Controls International PLC, Everbridge, Inc., Blackboard, Inc., OnSolve LLC and Singlewire Software LLC.
Global Mass Notification Systems Market Segmentation
- Software & Services
By Solution Type
- In-Building Solutions
- Wide-Area Solutions
- Distributed Recipient Solutions
By Organization Size
- Large Enterprises
- Small & Medium-Sized Enterprises
By Deployment Type
- On Premise
By End User
- Healthcare & Life Sciences
- Energy & Utilities
- Transportation and Logistics
- Commercial and Industrial
- Government and Defense
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Motorola Solutions, Inc.
- BlackBerry Limited (BlackBerry AtHoc)
- Eaton Corporation PLC
- Honeywell International, Inc.
- Siemens AG
- Johnson Controls International PLC
- Everbridge, Inc.
- Blackboard, Inc.
- OnSolve LLC
- Singlewire Software LLC
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SOURCE KBV Research