The Mass Notification System by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Mass Notification System, 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.
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.
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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
Technological advancements are shaping the mass notification systems market. Many companies are adopting new technologies to provide enhanced products to their users. In October 2021, Motorola Solutions launched the first AI-enabled in-car video system for law enforcement, the M500, in Europe. The solution will bring more powerful capabilities to the police vehicle for enhancing awareness and safety while building trust and transparency throughout communities. The M500 features new backseat passenger analytics which will automatically start the in-car camera recording when an individual enters the back of a police car. The recording is automatically saved in the recording.
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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26. South America Mass Notification System Market
27. Brazil Mass Notification System Market
28. Middle East Mass Notification System Market
29. Africa Mass Notification System Market
30. Mass Notification System Market Competitive Landscape And Company Profiles
Top Major Players:
- Everbridge Inc
- BlackBerry Limited
- Blackboard Inc
- Alertus Technologies LLC
- Singlewire Software LLC
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