The MNS Market size is expected to grow from USD 4.86 Billion in 2018 to USD 17.07 Billion by 2028, at a CAGR of 19.6%.
Rising concerns for public safety security, increasing awareness about MNS for business continuity, increasing deployment of the Internet Protocol (IP) established notification devices, and the growing adoption of the Bring Your Own Device (BYOD) trend are the major factors driving the growth of the market.
Additionally, huge demand for MNS in the energy and utilities industry, need for end-to-end crisis communication, and rising cloud-based MNS deployments are expected to offer in the coming 5 years.
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Further key findings from the report suggest
- The MNS Systems Market (MNS) is expected to grow from USD 2.77 Billion in 2019 to USD 8.78 Billion by 2026, at a CAGR of 22.0% from 2019 to 2026. Rising concerns for public safety security, increasing awareness about MNS for business continuity, increasing deployment of the Internet Protocol (IP) established notification devices, and the growing adoption of the Bring Your Own Device (BYOD) trend are the major factors driving the growth of the market.
- The In-building solution-type segment is expected to have the largest market share with revenue of USD 2.63 Billion, at a CAGR of 30% from 2019 to 2026. Vital factors responsible for the growth of the market are easy integration with fire alarm systems and public address systems to communicate alert messages and notifications to people present in areas, such as buildings, corporate offices, or restaurants.
- The commercial end-user is projected to grow at the highest CAGR from 2018 to 2026, due to a rise in the demand for safety and security frameworks by commercial installation vendors and community centers.
- North America is forecasted to hold the largest size with revenue of USD 3.8 Billion in 2026. Vital factors driving the market are increased awareness about MNS after the terrorist attack of 9/11 and an increase in the occurrence of campus shootouts.
- APAC is expected to hold the highest CAGR of 32% from 2019 to 2026 due to the acceptance of the MNS technologies by end-users, due to dynamic environmental conditions.
Competitive Landscape:
Competitive landscape of global MNS market is quite fragmented with regional and global key players. These market players are involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to retain their market position and expand their product portfolio.
some leading companies operating in the global MNS market:
Eaton Corporation (Ireland), Everbridge, Inc. (US), Honeywell International, Inc. (US), Omnilert LLC (US), OnSolve (US), Siemens AG (Germany), Singlewire Software, LLC (US), Airbus DS Communications, Inc. (US), BlackBerry AtHoc, Inc. (US), Blackboard, Inc. (US), Desktop Alert, Inc. (US and xMatters, Inc. (US).
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The global market is further segmented into type and application:
Global MNS Systems Market, By Integrant (Revenue, USD Million; 2017–2028)
- Software and Services
- Hardware
Global MNS Systems Market, By Application-Type (Revenue, USD Million; 2017–2028)
- Interoperable emergency communication
- Business continuity and disaster recovery
- Integrated public alert and warning
- Business communications
Global MNS Systems Market, By Company Size (Revenue, USD Million; 2017–2028)
- Large Enterprises
- Small and Medium-Sized Enterprise
Global MNS Systems Market, By End-User (Revenue, USD Million; 2017–2028)
- Commercial
- Education
- Energy and utilities
- Healthcare and life sciences
- Defense
- Automotive, transportation, and logistics
- Government
- Others (IT and telecom, retail and consumer goods, and manufacturing)
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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