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, speakers strobe lights, 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).
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.
Full Report:https://www.kbvresearch.com/mass-notification-systems-market/
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. The Healthcare & Life Sciences market is expected to witness a CAGR of 18.5% during (2019 - 2025). The Energy & Utilities market is expected to witness a CAGR of 20.9% during (2019 - 2025). Additionally, The Transportation and Logistics market is expected to witness highest CAGR of 19.1% during (2019 - 2025).
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.
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By Solution Type
By Organization Size
By Deployment Type
By End User
By Geography
Companies Profiled
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