Mass Notification System Market To Expand USD 20 Billion at a CAGR of 20% by 2027
According to a comprehensive research report by Market Research Future (MRFR), “Mass Notification System Market information by Solution, by Components, by Deployment and Region – forecast to 2027” market size to reach USD 20 billion, growing at a compound annual growth rate of 20% by 2027.
The high adoption of mass notification system in medical facilities and hospitals may offer robust opportunities for the market over the forecast period.
Increasing Use of Digital Signage for Emergency Communication to Boost Market Growth
The increasing use of digital signage during emergency communication for offering messaging advantages will boost market growth over the forecast period. Various organizations such as business, manufacturing plant, and schools are leveraging digital signage. The digital signage adopted by such organizations are offering with real direction during crisis and also altering users to the location of the threat. Besides, the rise of the novel coronavirus has also boosted the need for emergency notification devices like digital signage. Thus the significant need for this form of emergency alert system for broadcast during the outbreak will surge the market growth.
Stringent Privacy Regulations to act as Market Restraints
The stringent privacy regulations pertaining to accessing individual data coupled with the lack of skilled and experienced professionals may act as market restraints over the forecast period.
Inability to Address Increasing Cyber-attacks to act as Market Challenge
The inability of addressing the increasing cyber-attacks through mass notification messages may act as market challenge over the forecast period.