Press release
Mass Notification System Market to Reach USD 35.23 Billion by 2026 | Top Players such as - Metissecure, NetApp, OnSolve
Mass Notification System Market
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On the other hand, high installation and maintenance costs restrain the growth. However, the surge in the adoption of smart cities across developing nations is projected to create lucrative opportunities in the industry.
According to the report published by Allied Market Research, the mass notification system market was estimated at $8.05 billion in 2018 and is expected to hit $35.23 billion by 2026, registering a CAGR of 20.30% from 2019 to 2026.
The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Access the full summary at: https://www.alliedmarketresearch.com/mass-notification-market
COVID-19 scenario-
• The outbreak of COVID-19 led to increase in demand for cloud-based mass notification systems across different industry verticals, thereby boosting the growth of the mass notification system market.
• This drift is likely to continue post-pandemic as well, as it involves staff protection, extensive threat response, regulatory compliance, and low response time.
The global mass notification system market is analyzed across component, deployment mode, organization size, type, industry vertical, and region.
By component, the solution segment contributed to around three-fourths of the total market share in 2018 and is expected to dominate by 2026. The service segment, on the other hand, is projected to grow at the fastest CAGR of 22.8% throughout the forecast period.
By deployment mode, the cloud segment garnered the highest share in 2018, hold nearly three-fifths of the global market. Simultaneously, the on-premise segment is anticipated to exhibit the fastest CAGR of 22.4% from 2019 to 2026.
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By geography, the market across North America generated more than one-third of the total market revenue in 2018, and is anticipated to retain its dominance by the end of 2026. At the same time, the Asia-Pacific region is projected to cite the fastest CAGR of 22.80% during the forecast period. The other regions studied in the report include Europe and LAMEA.
The key market players analyzed in the global mass notification system market report include Honeywell International Inc., Siemens AG, Eaton Corporation, OnSolve (Ecn+ Mir3+ Sendwordnow), xMatters Inc. IBM Corporation, NetApp Inc, Everbridge Inc., Johnson Controls, and Metis Secure Solutions.
These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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