Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 19.00 Billion | USD 117.16 Billion | 22.4% | 2023 |
According to a report from Zion Market Research, the global Mass Notification Systems Market was valued at USD 19.00 Billion in 2023 and is projected to hit USD 117.16 Billion by 2032, with a compound annual growth rate (CAGR) of 22.4% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Mass Notification Systems Market industry over the next decade.
The mass notification system market is primarily a platform that is used to communicate information to a large group of people. Its unique feature is to provide correct information to the right people in times of crisis. The times of crisis may be natural disasters, extreme weather conditions, public safety crises, and many more events which may impact an organization and its stakeholders. It helps in effectively responding to the emergency with optimized operations and performance.
Digitization across industries is driving the growth of the mass notification systems market. As it brings along with itself the perks of security and safety through IP-enabled devices, the rise in demand has been witnessed in the education and healthcare sectors where there has been an extensive implementation of IP-based notification systems.
Increasing safety and security concerns for the people is further contributing to the growth of the mass notification systems market. The IP-based notification devices are managed using a single web-based console, which allows the operator to manage, track, and control notification processes across various communication networks as well as channels. All the features provide scope for growth of the market.
Report Attributes | Report Details |
---|---|
Report Name | Mass Notification Systems Market |
Market Size in 2023 | USD 19.00 Billion |
Market Forecast in 2032 | USD 117.16 Billion |
Growth Rate | CAGR of 22.4% |
Number of Pages | 120 |
Key Companies Covered | Alertus, Airbus DS Communications, Blackboard, Desktop Alert, Eaton Corporation, Everbridge, Honeywell, IBM Corporation, Motorola Solutions, Omnilert LLC, and OnSolve LLC, among others |
Segments Covered | By Components, By Deployment, By Organization Size, By Application, By Verticals, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The on-premises segment held a share of over 65 % in 2020. The mass notification systems market can be deployed using either cloud-based or on-premise mode. On-premises deployment mode accounts for a larger market share. As the name suggests, the on-premises requires the installation of the system on the premises of the organization. It is considered to be the most trustworthy mode of deployment considering the sensitive nature of the data. The turnaround time for the operations is significantly reduced in emergencies in this deployment mode.
The components segment is bifurcated into solutions and services. Solutions hold market leadership in the mass notification systems market. The solution segment is further divided into distributed recipient solutions, wide-area solutions, and In-building solutions. Moreover, the service segment can further be bifurcated into Managed Services and Professional Services.
Mass Notification Systems Market-Segment
By Components (Solutions and Services),
By Deployment (Cloud-Based, On-Premise),
By Organization Size (Large Enterprises and Small & Medium-Sized Enterprises),
By Application (Emergency Response, Business, Continuity And Management, and Public Warnings And Alerting),
By Verticals (Education, Government, Healthcare and Life Sciences, It And Telecom, Transportation and Logistics and Others)
The North American region is projected to grow at a CAGR of 20.4 % over the forecast period. North America is expected to hold the largest market share of the mass notification systems market. The high usage of the devices such as mobile phones, laptops, tablets, and many more is contributing to the growth of the mass notification systems market in the North American region. The awareness of the optimized usability of resources is considerably high in the region which transits into the understanding of the need for adopting mass notification systems.
The Asia Pacific is expected to be growing significantly in the mass notification systems market. The developing region has invested in the technology sector due to the increasing demand which makes it easier to adopt mass notification systems. People also are being conscious of the safety facilities being provided to them. As the economy is rising, there is a lot of government-supported policies which focus on public safety. These may act as a catalyst for the growth of mass notification systems in the region.
Some of the key players in the mass notification systems market are
These companies adopt various strategies in order to boost their presence and capitalization. For instance, Honeywell, in an effort to continue the growth globally in the organization and to maintain a strong competitive advantage, has established an aggressive strategy, to align the acquisitions that are entered into with the current business model and those areas of the market that the organization is presently operating.
FrequentlyAsked Questions
global Mass Notification Systems Market was valued at USD 19.00 Billion in 2023
global Mass Notification Systems Market was valued at USD 19.00 Billion in 2023 and is projected to hit USD 117.16 Billion by 2032, with a compound annual growth rate (CAGR) of 22.4% during the forecast period 2024-2032.
Some of the key factors driving the mass notification systems market growth are, digitization across industries and its perk of safety and security through IP enabled devices.
The North America region held a substantial share of the market in 2020. The high usage of the devices such as the mobile phones, laptops, tablets and many more is contributing to the growth of mass notification systems market in the North American region.
Some of the major companies operating in the mass notification systems market are Some of the key players in the mass notification systems market are Alertus, Airbus DS Communications, Blackboard, Desktop Alert, Eaton Corporation, Everbridge, Honeywell, IBM Corporation, Motorola Solutions, Omnilert LLC, and OnSolve LLC, among others.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed