USD 11.66 billion
Report ID:
SQMIG45A2342 |
Region:
Global |
Published Date: May, 2024
Pages:
197
|Tables:
146
|Figures:
79
Mass Notification Market size was valued at USD 13.79 Billion in 2023 and is poised to grow from USD 16.71 Billion in 2024 to USD 77.3 Billion by 2032, growing at a CAGR of 21.2% during the forecast period (2025-2032).
The market of global mass notification is majorly driven by numerous adoptions of IP-based devices. Due to the increased use of IP-based devices, users can be able to access a range of communication mediums like emails, SMS, etc., through these mediums, which further accelerates the market of mass notification. Further, the main restraint for the market is the high cost of the mass notification system implementation. Initially, the implementation of the MNS requires lots of expenses which include infrastructure, staffing, etc. This gives rise to budget constraints and can hamper the adoption of MNS. In this way, the global mass notification system market decelerates.
The prominent trend in the global mass notification market is the increased adoption of advanced technologies. The adopted technologies such as AI, IoT, etc. can be integrated into the mass notification system and can strengthen communication. This further can drive the market of mass notification across the world.
Global Market Size
USD 11.66 billion
Largest Segment
Hardware
Fastest Growth
Software
Growth Rate
21.2% CAGR
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Global Mass Notification Market is segmented by component, by enterprise size, by solution, by application, by end-use, and by regions. Based on components market is segmented into hardware, software, and services. Based on enterprise size, the market is segmented into SMEs and large enterprises. Based on solutions, the market is further segmented into wide-area solutions, in-building solutions, and distributed recipient solutions (DRS). Based on an application, the market is segmented into integrated public alert and warning (IPAW), Interoperable emergency communication (IEC), and Business continuity and disaster recovery (BCDR). Based on end-users' type, the market is segmented into corporate, education, energy and utilities, healthcare and life sciences, aerospace and defence, government, and others. Further, based on regions, the market is segregated into North America, Europe, APAC, South America, and EMEA
Analysis by Component
By components, the market is segmented into hardware, software, and services. The hardware segment holds the major share of the market, as it has been accounted that this segment holds the 67.9% of the market share of global mass notification market. This is driven by the increased usage of the IP-based devices mainly by the healthcare centres. As, for the software deployment as well there is a requirement of hardware.
It has been identified that the software segment has the potential to grow at a CAGR of 22.56% during the forecasted period. This is strongly attributed to the increase in the adoption as well as integration of the latest technologies like AI, ML, etc, to the software systems, mainly for bringing the advancement to the software systems.
Analysis by Enterprise size
Based on enterprise size, there are two types of segments which includes small and medium size enterprises and large enterprises. The large enterprise segment holds majority of the market, as it accounts for 65% of the market share back in 2022. The large organisations often, offers remote work opportunity to their employees and the consumers of large enterprises are spread all over the world. Therefore, the large enterprises provide the scalable services with mass notification to its consumers.
Small and medium enterprises (SMEs) is expected to grow at prominent CAGR of 24.1% during the forecasted period. SMEs provides some of the benefits like simple interface and effortless installation. This further enhance the demand for mass notification system in the small enterprises.
Analysis by Solutions
Based on solutions, the market is segmented into wide-area solutions, in-building solutions, and distributed recipient solutions (DRS). In-building holds the major market share which was of 62% in 2022. This segment growth is highly related to the enhanced deployment of solutions such as visual signalling, voice communication, etc for the provision of the information to the users. Further, solutions can also be incorporated to the alert systems for alerting the people or workforce.
The wide-area solutions are expected to see a prominent CAGR of 22.1% during the forecasted period. These solutions can easily provide information or notify the people across different geographical areas. The wide-area solution is highly useful in the case of notifying for the accidents and disasters, which are getting increased worldwide.
Analysis by Application
Based on application, the market is segmented into IPAW, IEC, and BCDR. Business continuity and disaster recovery (BCDR) segmented holds the major market share that is of 62.3% in 2022. BCDR supports the organisations from the risks and the emergencies by making these businesses to respond more rapidly. As, there are 49% of the businesses which has business continuity plan and 54% also has wide-disaster recovery plan.
Integrated public alert and warning (IPAW) has the market share of 12.9% in 2022. On the other hand, the Emergency alert systems (EAS) considered as the fastest growing segment during the forecasted period. As, it allows the government officials to notify about the disaster or any natural calamity to large number of people living across different geographical areas.
Analysis by End-Users
Based on end-users, it has been found that, education segment holds majority of the market share that is 20.45% in 2022. The growth of this segment is related to the enhanced mass notification to the students in case of any emergency to ensure their safety and also streamline educational centres operations. The educational institutes generally make use of the channels such as SMS, mobile apps, emails, etc. for alerting the students in case of emergency.
On the other hand, the energy and the utility segment are expected to grow at a CAGR of 22.1% during the forecasted period. This is due to the enhanced demand of mass notification in this sector for fostering the simplification of the management process and for easing the communication. For an instance, Hyper-Reach platform was developed for making the operations seamless and to ensure the safety of the public. During the unplanned events, the platform provides updates and notifications.
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North America dominated the global mass notification market. In 2022, the market share of this region was 36.4%. This driven by the technological advancements that are taking place in North American region, this has brought evolution to the basic alert systems to the automated ones. This further, allows the businesses to enable the safety of their employees and ensures the outreach of the public. Along with this, there is a growing awareness about the mass notification system among the people, this further has also fostered the expansion of the MNS across North America region.
Asia-pacific is the region is considered as the fastest growing segment, which is expected to grow at a CAGR of 26% during the forecasted period. The rising rate of the natural calamities and crimes, results in the adoption of the mass notification system. As, in China, it has been noted that there are 1.69 million prisoners in 2023 whereas according to the ESCAP report, there were around 140 of the disasters that hit the region in 2022. Further, the rise in the IP-based notification devices across different sectors in the Asia-Pacific region, has also surged the demand for the mass notification system in this region.
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Drivers
Increased adoption of IP-based devices
Rise in the number of disasters and accidents
Restraints
High Incurring cost of mass notification system
The spread of misinformation about MNS
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The global mass notification system market is characterized by intense competition among key players striving to gain a significant market share. For this, the key companies have majorly invested in the research and development for bringing advancement to their systems and to accelerate their growth. Further, the organisations also fostered partnerships, mergers and acquisitions for improving their product portfolio and to attain the extra edge in the market. Along with this, the organisations are also bringing improvement to their old products as well as manufacturing the new ones, to attract new consumers and to increase their share in the market.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global mass notification market analysis, the market is witnessing significant growth driven by factors such as increased number of the natural calamities and the accidents and the enhanced adoption of the IP devices. As, the increase in the number of natural calamities, results in the need for the mass notification systems, to enable the timely safety of the public. On the other hand, the increase in the IP-based devices, enables the widespread communication channels. This thus helps the people in attaining the quick alerts. Further, the restraints in the market are the high cost in implementing the MNS and the spread of the misinformation about the mass notification system. Both factors, further limit the market of the global mass notification system.
Based on end-users, the education sector dominates the market, due to the rise in the demand of student safety in case of emergency. On the other hand, the energy and utility sector are the fastest growing, for making operations and communication seamless. The North America dominates the market, majorly due to the technological advancements taking place in this region and APAC is the fastest growing, considering the growing awareness about the importance of mass notification system. The prominent trend in the mass notification system market is the growing adoption of the AI. As, manufacturers adopt AI and integrate it, to bring advancement to the mass notification system. These further surges the demand of MNS and thus, drives its market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 13.79 Billion |
Market size value in 2032 | USD 77.3 Billion |
Growth Rate | 21.2% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Mass Notification Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mass Notification Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mass Notification Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mass Notification Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2342
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