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Global Mass Notification Systems Market Report Analysis and Forecast 2022-2030
According to the estimations put forth by Inkwood Research, the Global Mass Notification Systems Market is predicted to record a CAGR of 16.69% in terms of revenue during the forecasting years of 2019-2028."Browse 55 Market Data Tables and 53 Figures spread over 150 Pages, along with an in-depth TOC on the Global Mass Notification Systems Market Forecast 2019-2028."
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Mass notification systems are platforms that deliver notifications to an individual or a group of people, by using their geographical location and visual intelligence. Their primary goal is to recognize the emergency and non-emergency situations and improve the security and safety of an enterprise.
Rising Safety and Security Concerns Propel the Market Growth
The increasing rates of natural disasters have increased safety concerns among people and enterprises. Mass notification systems offer building-wide communication, increased levels of coordination required during active evacuation regulations, and interactive monitoring and control systems.
The integration of safety systems within automated infrastructures is essential for reducing the loss of life and property during emergencies and hazardous situations. For instance, a tornado, fire, or earthquake can seriously damage apartments, organizations, buildings, and offices, leading to a long-lasting power outrage or complete shutdown. They also ensure that organizations and employees are alerted about such catastrophes through voice messages, text messages, or e-mails.
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On Premise is set to be the Prominent Delivery Mode
The on-premise deployment model enables the installation of solutions by permitting organizations to function with systems present in its premises. Also, this ensures that enterprises do not have to set up additional server space or cloud. Such solutions provide improved safety features that fuel their adoption in large-scale financial facilities, and several other data-sensitive firms, that highly prioritize safety.
Asia Pacific is projected to Emerge as the Leading Region
Over recent years, there have been numerous attacks in countries within the Asia Pacific region, associated with the Islamic State in Iraq and Syria (ISIS). The region is also subject to more than $4 billion of losses due to disasters, every year. As a result, the government is highly motivated to implement reliable systems for emergencies, which would create lucrative market opportunities for mass notification systems, in the Asia Pacific.
The market is characterized by rising product entries, moderate to high levels of product differentiation, and a high degree of competition. Moreover, new market like artificial intelligence (AI), big data, and the Internet of Things (IoT), are refurbishing the trends of security and emergency notifications. Thus, the industrial rivalry in the market is estimated to be high, over the forecast period. Distinguished players within the market include, Blackberry Athoc, Alertus Technologies, Onsolve, Desktop Alert Inc, Everbridge Inc, etc.
Related Reports:
GLOBAL PUBLIC SAFETY & SECURITY MARKET
GLOBAL CYBER SECURITY MARKET
GLOBAL DISASTER RECOVERY AS A SERVICE MARKET
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