Mass Notification Systems Market 2021 Growth and Outlook- Honeywell International Inc, Eaton Corporation, Motorola Solutions Inc.

The Mass Notification Systems Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The mass notification systems market was worth USD 7.36 billion in 2019 and is projected to reach USD 19.16 billion by 2025, registering a CAGR of 17.32% during the forecast period, 2020 - 2025.

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Competitive Landscape:

Top Companies: Honeywell International Inc, Eaton Corporation, Motorola Solutions Inc., BlackBerry AtHoc Inc., Blackboard Inc., Everbridge Inc., OnSolve LLC

Scope of the Report
The mass notification system (MNS) platform allows personnel to initiate a broadcast emergency communication notification to a pre-defined user base. The MNS platform is offered both as a hosted service, where the client pays the licensing fee based on the user base, and the on-premise solution, where the client pays for both the licensing fee as well as the infrastructure. The hardware devices include equipment, such as fire alarm systems, speakers, sirens, signages. The solutions are used by the end-user verticals for catering to in-building, outdoor wide-area, and distributed recipient applications.

Industry News and Updates:

- March 2018 - Honeywell expanded its line of Fire-Lite addressable fire alarm control panels to give safety professionals more options for designing small to medium-sized fire systems. The Endurance Series offers more communication options with the choice of built-in IP and POTs for dual communications, as well as cellular side-cars for extended backup and added reliability.

Key Market Trends:

North America to Hold the Largest Share
- The increasing demand for fast message delivery in emergency cases, development and adoption of pioneering technologies, and the presence of significant companies in this region are the major factors driving the market.
- Furthermore, the rising adoption of duress-based solutions in enterprises across education and healthcare end users is also contributing to the growth.
- In October 2017, the country witnessed the deadliest attack when a gunman fired over a thousand rounds from multiple weapons on concertgoers, killing 58 and injuring over 800, according to Omnilert LLC.
- More recently, the Valentines day shooting at Marjory Stoneman Douglas High School resulted in the deaths of 17 people. While there is no universally accepted definition of a mass shooting, there is no doubt that these large-scale acts of violence have increased in recent years.

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What are the market influences that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Mass Notification Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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