Overview and Scope
The mass notification system refers to a platform that sends one-way messages to inform employees and the public of an emergency. Organizations best served by a mass notification system include fire and police departments, emergency management organizations, federal, state, and local governments, cities and communities, building owners and building management companies, and businesses that will justify their need and investment. Such systems will improve the safety and security of an organization by providing alerts and real-time instruction during a crisis. A mass notification system is having a database of names, phone numbers, email addresses, and delivery method
Sizing and Forecast
The mass notification system market size has grown strongly in recent years. It will grow from $8.67 billion in 2023 to $9.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rising demand for public safety and security, rise in crimes and terrorist acts, high adoption of mass notification system across hospitals and medical facilities.
The mass notification system market size is expected to see strong growth in the next few years. It will grow to $12.27 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to surge in usage of online platforms, growing use of smartphones, rising urbanization, rise in mergers and acquisitions. Major trends in the forecast period include rise in demand for cloud-based mass notifications systems, multi-channel notifications, increased implementation of technology across mass notification systems, mass notification system manufacturers adopting iot technology, infrastructure advancements, and mass notification systems using geofencing.
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Segmentation & Regional Insights
The mass notification system market covered in this report is segmented –
1) By Type: Building, Wide Area, Distributed Recipient
2) By Component: Solutions, Services
3) By Deployment: Cloud, On-Premises
4) By Organization: Large Enterprises, Small And Medium-Sized Enterprises (SMES).
5) By Applications: Emergency Response Management, Business Continuity And Disaster Recovery, Public Alert And Warning, Reporting And Analytics, Other Applications
North America was the largest region in the mass notification system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mass notification system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing use of a smartphone is driving the growth of the mass notification systems market. Smartphone refers to a handheld electronic device that will require a connection to a cellular network. Mass notification systems will send one-way messages through email, smartphones, office phones, and home phones. For instance, according to Oberlo, an extension of the Shopify platform, data 2021, smartphone usage has been expected to continue to increase in the further years, breaching seven billion in 2024 before rising further to 7.5 billion by 2026. The growing use of a smartphone will drive the growth of the mass notification system market.
Key Industry Players
Major companies operating in the mass notification system market report are Everbridge Inc., BlackBerry Limited, Balckboard Inc., Alertus Technologies LLC, Singlewire Software LLC, Atlassian, SK Telecom, Foxconn Industrial Internet, Huanyu Group, J&R Technology Ltd, Netpresenter, Bosch Limited, Transputec Ltd, Alert Cascade Limited, CALLMY, HARMAN, Klipsch Group Inc, IBM, Rave Mobile Safety, American Signal Corporation (ASC), ATI Systems, Alertmedi, Crisisgo, Omnilert, Ruvna, Mircom, Omingo, Onsolve, Voyent Alert, Squadcast, Cosafe Technology, Athoc Inc, Cooper Industries, Regroup Mass Notification, Redflag, Wonderpush, KONEXUS, Crises Control.
The mass notification system market report table of contents includes:
1. Executive Summary
2. Mass Notification System Market Characteristics
3. Mass Notification System Market Trends And Strategies
4. Mass Notification System Market – Macro Economic Scenario
5. Global Mass Notification System Market Size and Growth
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32. Global Mass Notification System Market Competitive Benchmarking
33. Global Mass Notification System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mass Notification System Market
35. Mass Notification System Market Future Outlook and Potential Analysis
36. Appendix
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