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(Wireless-NewsWire.Com, February 16, 2017 ) According to report "Mass Notification System Market by Solution (In-Building, Wide Area, Distributed Recipient), by Application (Interoperable Emergency Communications, Business Continuity and Disaster Recovery, Integrated Public Alerts and Warning, and Business Operations) - Global Forecast and Analysis to 2021", The MNS market size is estimated to grow from USD 4.16 Billion in 2016 to USD 9.69 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.4%.
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The major forces driving this market are the growing need for public safety, increasing awareness for emergency communication solutions, a pre-requisite for business continuity, and the significant increase in adoption of BYOD in enterprises. The enterprises are also expected to follow business continuity and disaster recovery and public safety compliance standards, which is boosting the sales of mass notification solutions.
Increase in the need for operational awareness among enterprises will drive the need for interoperable emergency communications market
Interoperable emergency communications makes it easy for the people with the primary operational responsibility to manage resources and make timely decisions during accidents and emergencies involving multiple agencies, without technical or procedural communications impediments. Interoperable emergency communications can be instrumental in framing the National Emergency Policies for countries and establish standard statewide interoperable communications plans in case of emergencies.
In-building solution segment is expected to hold the largest market share in the MNS market and the current trend is expected to continue during the forecast period
In-building MNS are used to notify the people in a closed or a restricted area where the consequences of emergencies can be of critical nature. Indoor public address system, digital signage, desktop alerting, tone alert radios, voice-enabled fire alarm panels, posted notices, video screens, and telephones are a part of in-building mass notification solutions which can be instruments to relay critical information to the masses, thereby reducing panic and chaos.
North America is expected to contribute the largest market share; Asia-Pacific to grow the fastest
North America is expected to hold the largest market share and would dominate the MNS market from 2016 to 2021, due to the presence of a large number of MNS vendors offering tailored solutions to multiple industry verticals. North America has been witnessing deployments of mass notification solutions on a large scale in the past five years, specifically in the defense and public sectors. APAC offers potential growth opportunities for the MNS market to grow, as countries in the region are investing heavily in the development of mass notification solutions owing to major instances of industrial hazards taking place in this part of the globe.
The major vendors in the MNS market include Blackberry AtHoc (U.S.), Honeywell International (U.S.), Siemens AG (Germany), Eaton Corporation (Ireland), and Everbridge (U.S.) among others.
MarketsandMarkets segments the MNS market on the basis of solutions, applications, deployment types, user types, industry verticals, and regions. The report covers regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The report also covers detailed information regarding the major factors influencing the growth of the MNS market, such as drivers, restraints, challenges, and opportunities.
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