Mass Notification Systems Market Growing at a CAGR of 19.6% During 2017 to 2022 - ReportsnReports - Seite 2

Among the MNS components, the software and services segment is expected to grow at a higher CAGR during the forecast period. Deployment of cloud-based mass notification services and the increasing Bring Your Own Device (BYOD) trend are considered to be the instrumental factors helping the software and services segment gain pace in the market

"The distributed recipient solutions segment is expected to grow at the highest rate during the forecast period." 

The distributed recipient solutions segment is expected to grow at the highest rate during the forecast period, as distributed recipient solutions enable communication via SMS, text, email, popup, social media, and push notification to targeted groups of individuals who may not be in a contiguous area. Distributed recipient mass notification solutions can directly inform the masses about an emergency on their smart phones, thus creating high degrees of awareness and reducing the loss of life and property.

"The education vertical in the MNS market is estimated to have the largest market share in 2017." 

The education vertical represents the highest adoption of MNS out of all the verticals, as incidents of college and school shootouts are increasing throughout the globe, due to which it has become important to install MNS on campuses to provide information to students and law enforcement agencies for reducing the loss of life and property.

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"Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period." 

APAC includes emerging economies such as China, Australia, Singapore, and India. Enterprises in these emerging economies are rapidly deploying mass notification solutions. APAC is expected to grow at the highest CAGR during the forecast period. The growth of the region is because of the acceptance of the mass notification technology by end-users, due to dynamic environmental conditions. Moreover, the demand for cloud-based MNS solutions in enterprises is expected to enhance the MNS product offerings in the APAC region. North America is estimated to have the largest market size in 2017.