USD 10.40 billion
Report ID:
SQMIG50B2017 |
Region:
Global |
Published Date: April, 2024
Pages:
177
|Tables:
63
|Figures:
77
Mass Notification System Market size was valued at USD 12.72 Billion in 2023 and is poised to grow from USD 15.56 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 22.34% during the forecast period (2025-2032).
The market for mass notification systems is primarily driven by the extensive use of mass notification systems in hospitals and other healthcare facilities and the growing popularity of notification devices based on the Internet Protocol (IP). For the purpose of assisting governments in implementing Article 110, BEREC (the Body of European Regulators for Electronic Communications) has also made available its criteria for evaluating the efficacy of public warning systems delivered via various channels. A mass notification system works as a centralized server platform that offers the necessary tools and services to appropriately respond to any emergency and convey the messages fast and clearly. In order to confirm a resolution and connect security teams, the technology company AlertMedia, Inc. created emergency communication software in September 2022. The mass notification system may be simply linked with the current communication and security systems, as well as with mobile-based applications. Universities, major buildings, and other locations can all use this type of bulk notification system.
US Mass Notification System Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 10.40 billion
Largest Segment
Hardware
Fastest Growth
Hardware
Growth Rate
22.34% CAGR
To get more reports on the above market click here to Buy The Report
Global Mass Notification System Market is segmented on the basis of component, enterprise size, solution outlook, applications and region. By component, the market is segmented into software, hardware, services. By enterprise size, the market is segmented into smes and large enterprises. By solution outlook, the market is segmented into wide area solution, distributed recipient solutions, in- building solution. By application, the market is segmented into Critical Event Management, Public Safety and Warning, Business Continuity & Disaster Management, Reporting & Analytics, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Mass Notification System Market Analysis by Component
Over 67% of the market's overall revenue was accounted for by the hardware segment in 2022. The growth of IP-based notification devices and managed notification systems in hospitals and other healthcare facilities is responsible for the segment's expansion. It consists of a wide range of hardware required for the software deployment. Each software subscription that is purchased requires the use of the command center, alarm strobes, and notification speakers that are included in it.
During the projection period, the CAGR for the software segment is anticipated to expand significantly to 22.1%. The software segment is anticipated to rise significantly throughout the forecast period as a result of the increasing integration of cutting-edge technologies like artificial intelligence (AI) and cloud computing with the notification system's software component. Additionally, it is projected that the segment will continue to grow and offer a wide range of opportunities to the stakeholders in the years to come due to the main players' increased focus on updating the software component with the most recent technologies available.
Mass Notification System Market Analysis by Application
The application segment of "Public Safety and Warning" stands out as the largest and most integral facet. Mass Notification Systems for Public Safety & Warning represent a revolutionary step towards strengthening community safety, as they allow the timely sharing of vital information via numerous media such as texts, emailed and sirens. This application sub-docket ensures a complete coverage and even allows customization of alerts for specific regions and incident types making it relevant and efficient. For this reason, the introduction of advanced AI technology allows for pinpoint targeting giving accurate information to the appropriate audience in time thus significantly establishing efficient management of incidents. Also, the system’s flexibility in allowing users to customize their notification options guarantees that people receive updates adapted to their preferences, which creates a feeling of community engagement and participation. A real-time monitoring of alerts and reactions adds additional level to the reasoning, improving the general situational awareness.
The fastest-growing segment of both the adoption and market share in the Global Mass Notification System Market is referred to as “Critical Event Management.” When unexpected events present unprecedented challenges to organizations and communities across the globe, it is clear that more complex tools in critical event management are required now more than ever. Therefore, to address this critical need, the “Critical Event Management” application segment provides a system that identifies monitors and reacts to critical events in real-time. By capitalizing on Mass Notification Systems’ capabilities, this division makes it possible for organizations to successfully deal with disruptions, minimize risks, and protect its people and assets. This application is gaining tremendous momentum in terms of its adoption as businesses acknowledge the need to be proactive when handling crisis.
To get detailed analysis on other segments, Request For Free Sample Report
In 2022, North America held a significant market share, contributing more than 36% of the worldwide revenue. As a result, stringent safety and security measures have been put in place, including effective monitoring, security, and emergency alarm systems. These programmes will offer the possibility of mass notification systems in the area during the projection timeframe.
With a CAGR of 25.5% throughout the projected period, Asia Pacific is predicted to become the region with the greatest growth. Due to the increasing frequency of crimes and natural catastrophes in the area, mass notification systems have been put in place to assure safety. The regional market is also predicted to grow as a result of rising aerospace and defence operations for deploying emergency alert components like Earthquake Tsunami Warning Systems, EU-Alert, and National Messages across various geographies.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Mass Notification System Market Drivers
IP-Based Alerting Systems to Boost Demand for Mass Notification System
Mass Notification System Market Restraints
Privacy concerns to Hinder Market Growth
Request Free Customization of this report to help us to meet your business objectives.
For the purpose of improving their internal procedures and fostering growth, market companies spend money on research and development. Partnerships, mergers, and acquisitions are common strategies used by businesses to enhance their offerings and gain a competitive edge. With great success, businesses are creating new products and enhancing existing ones in an effort to gain more customers and market share.
Mass Notification System Market Top Player’s Company Profiles
Mass Notification System Market 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 the robust Secondary Desk research.
According to our analyses, the global mass notification system market is experiencing substantial growth and is expected to continue expanding in the coming years. Mass notification systems have become a critical component of emergency communication strategies for organizations across various industries, including government, education, healthcare, transportation, and corporate sectors. The increasing need for public safety, regulatory compliance requirements, and technological advancements are driving the market growth. The global mass notification system market is witnessing substantial growth driven by factors such as the need for public safety, regulatory compliance, technological advancements, increasing smartphone penetration, and growing awareness and preparedness. With the market projected to expand further, competition among key players will intensify, leading to more advanced and comprehensive solutions for efficient emergency communication and management.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 10.40 billion |
Market size value in 2030 | USD 63.85 billion |
Growth Rate | 22.34% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
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 System 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 System 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 System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mass Notification System 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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG50B2017
sales@skyquestt.com
USA +1 351-333-4748