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Global mass notification market to grow by 18%

September 19, 2019

The global mass notification systems market is expected to reach $17.3 billion by 2024 with a compound annual growth rate of 18.8% from 2019 to 2024, according to a report by ReportBuyer.

The growing demand for public safety and security solutions and the growth of IP-based notification devices are the primary drivers of the MNS market. These mass notification systems utilize digital signage, indoor public address systems, fire alarm panels and more to deliver emergency information quickly.

North America will hold the largest market share during the forecasted period from 2019 to 2024. The cloud-based segment of the industry will also see significant growth during the forecasted period, according to the report.