The market for Mass Notification Systems Market is expected to reach US$ XX Bn in 2027.
Globally, the mass notification systems market is expected to grow with a CAGR of 19.2% during the forecast period from 2019 to 2027, starting from US$6.50 Bn in 2018. Mass notification systems are tools with an updated database of names, contact numbers, email addresses, and other information. These tools are used to send employees messages in case of emergencies. These tools are largely used by public organizations such as police and fire departments, local and state governments, emergency management sectors, and many companies needing prompt responses.
The mass notification system market is growing mainly based on increasing issues with public safety and security. People across the globe need to be kept safe from various natural disasters such as floods, earthquakes, hurricanes, and many other crises that can act as a threat to human life. Furthermore, the growing implementation of technologically advanced devices has provided a way to expand and develop new versions of mass notification systems. This drives the growth of the mass notification systems market worldwide. However, lack of awareness and inadequate hardware infrastructure will likely hinder the market growth during the forecast period.
Based on the deployment model, the global mass notification systems market was dominated by an on-premise model that held a market share of over 60% in 2018. Being a traditional method of deployment, the on-premise models are largely used, as it reduces the turnaround time in times of emergencies. Most of the mass notification systems are deployed on-premise as it is considered the most reliable due to the criticality of operations. However, cloud-based systems are gaining traction due to the increasing adoption of cloud computing and the emergence and adoption of high-tech tools in the technical fields.
North America led the mass notification systems market in 2018 by holding a market share of over 30% due to increasing demand for fast message delivery systems in various sectors. Furthermore, the development of advanced technologies and growing security concerns in public places are also responsible for the huge market share in this region. However, Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Increasing incidences of natural disasters and growing awareness of improved mass notification systems to improve the time of providing emergency services are fueling the growth of this market.
Some prominent players operating in the mass notification systems market include BlackBerry AtHoc, Motorola Solutions, Eaton, Siemens, Honeywell, Everbridge, Desktop Alert, Blackboard, Rave Mobile Safety, OnSolve, xMatters, Singlewire Software, Alertus, Federal Signal Corporation, and Johnson Controls.
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.
The mass notification systems market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global Mass Notification Systems market based on type, component, deployment model, industry verticals, and geography. Key segments covered in the report are as follows:
The market for Mass Notification Systems Market is expected to reach US$ XX Bn in 2027.
The Mass Notification Systems Market is expected to see significant CAGR growth over the coming years, at 19.2%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
BlackBerry AtHoc, Motorola Solutions, Eaton, Honeywell, Siemens AG, Everbridge are some of the major players in the global market.