Global [FURL=https://www.industryarc.com/Research/Mass-Notification-Systems-Market-Research-500561]Mass Notification System Market [/FURL] size is forecast to reach $16.8 billion by 2025, estimated to grow at a CAGR of 12.1% during 2020-2025. With the increasing demand for efficient system for providing emergency information in order to ensure safety to the people are enhancing the mass notification system market. Furthermore, organizations are also highly relying on MNS for communicating quickly and broadly with the diverse audience are also surging the mass notification system market. The significant use of in-building solutions, wide area solution and distributed recipient solutions are also propelling the mass notification market size during the forecast period 2020-2025.Key Takeaways
In 2019, the Mass Notification System market was dominated by North America owing to the increasing investment in the promotion of technology in educational institution in the US.
The growing adoption of digital technology in educational institutions are leading to expand the growth of the MNS market due to the provide information to the staff, teacher and parents about the campus.
The rising demand for digital displays and the growing integration of MNS system in for corporate, government and other settings are also embracing the market growth.
The high implementation cost of mass notification system and also the requirement of efficient maintenance of this system is highly hampering the MNS market.
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Mass Notification System Market Segment Analysis - By Geography
In 2019, North America dominated the Mass Notification System market with a share of more than 48%, followed by APAC and Europe. The increasing adoption of technology by the educational institutions in the US are highly embracing the mass notification system market in this region. Additionally, the deployment of MNS by several vendors such as Honeywell, Alertus, Federal Signal Corporation and so on are also embracing the growth of the market in North America. In the US, the spending on the promotion of technology in education has exceeded $13billion in 2019 which also the most significant factor that is propelling the MNS market in North America
Mass Notification System Market - Drivers
Leveraging Digital Signage for Emergency Communication :
Stringent guidelines and regulations :
Mass Notification System Market Landscape : The market of Mass Notification System has been consolidated by the major players – Eaton Corporation, Omnilert LLC, Onsolve, Siemens AG, Singlewire Software LLC, Federal Signal Corporation, Rave Mobile Safety, Honeywell, Johnson Controls and Blackboard.
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