Global Mass Notification Market

Mass Notification Market Size, Share, Growth Analysis, By Components(Hardware, software, and services), By Enterprise size(SMEs and Large Enterprises), By Solutions(Wide-area Solutions, In-Building Solutions, and Distributed Recipient Solutions (DRS)), By Application(Integrated Public Alert and Warning (IPAW), Interoperable Emergency Communication (IEC), and Business Continuity and Disaster Recovery (BCDR)), By End-users(Corporate, Education, Energy and Utilities, Healthcare and Life Sciences), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45A2342 | Region: Global | Published Date: May, 2024
Pages: 197 | Tables: 146 | Figures: 79

Mass Notification Market Insights

Global Mass Notification Market size was valued at USD 11.66 billion in 2022 and is poised to grow from USD 13.79 billion in 2023 to USD 63.78 billion by 2031, growing at a CAGR of 21.2% during the forecast period (2024-2031).

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.

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FAQs

Mass Notification Market size was valued at USD 11.66 billion in 2022 and is poised to grow from USD 13.79 billion in 2023 to USD 63.78 billion by 2031, growing at a CAGR of 21.2% during the forecast period (2024-2031).

The 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. 'Siemens AG (Germany)', 'Everbridge (US)', 'Honeywell (US)', 'Eaton (Ireland)', 'Motorola Solutions (US)', 'Blackberry (Canada)', 'Johnson Controls (US)', 'Single Wire software (US)', 'OnSolve (US)', 'AlertMedia (US)', 'Alertus Technologies (US)', 'F24 (Germany)', 'HipLink (US)', 'American signal corporation (US)', 'ATI systems (US)', 'Finalsite (US)', 'Omnilert (US)', 'Regroup mass notification (US)', 'Mircom (Canada)', 'Konesux (US)', 'Netpresenter (Netherlands)'

IP-based devices have range of communication channels such as SMS, emails, etc, due to which the users will get the notification easily through any medium. Alongside, the IP-based devices provide access to the real-time information to the users, in this way IP-based devices helps in instant communication.

The enhanced adoption of the AI and cloud-based technologies: The enhanced adoption of the advanced technologies such as IoT, AI, etc, accelerating the demand for the mass notification system. These advanced technologies help in improving the consumer engagement and strengthening the safety precautions. In September 2022, the emergency communication software launched by the AlertMedia Inc, to enable the interaction between the users and the enterprises for the confirmation of the resolutions and link security teams.

North America dominated the 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.

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Global Mass Notification Market

Report ID: SQMIG45A2342

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