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We expect the global mass notification systems market to exhibit a CAGR of around 18% during 2021-2026.
The global market has experienced a significant growth on account of the sudden outbreak of COVID-19 pandemic as numerous public and private organizations are adopting MNS for creating awareness and announcing regulatory compliance to mitigate the spread of coronavirus infection.
The growing adoption of Internet Protocol (IP)-based notification devices is one of the key factors driving the global mass notification systems market.
Based on the deployment type, the global mass notification systems market can be segmented into on-premise, and cloud, where cloud-based deployment type accounts for the largest market share.
Based on the component, the global mass notification systems market has been bifurcated into hardware, software, and services. Among these, hardware holds the largest market share.
Based on the organization size, the global mass notification systems market can be divided into large enterprises and SMEs. Currently, large enterprises exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America accounts for the largest market share.
Some of the major players in the global mass notification systems market include Alertus, Airbus DS Communications, Blackboard, Desktop Alert, Eaton Corporation, Everbridge, Honeywell, IBM Corporation, Motorola Solutions, Omnilert LLC, OnSolve LLC, Rave Mobile Safety, Siemens, Singlewire Software, xMatters, etc.
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