Increasing Demand for Improved Public Safety and Security Is Driving the Mass Notification Systems Market
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 the tools with an updated database of names, contact numbers, email addresses and other information. These tools are used to send messages to the employees in case of any emergencies. These tools are largely used by public organizations such as police and fire departments, local and state governments, emergency management sectors, and many such companies that need to provide prompt responses.
The mass notification system market is growing mainly based on increasing growing issues with public safety and security. People across the globe need to be kept safe in various natural disasters such as floods, earthquakes, hurricanes and many other crises that can act as a threat to the human life. Furthermore, 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 presence of inadequate hardware infrastructure are likely to hinder the market growth during the forecast period.
Market Synopsis
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On-premise Deployment Model Segment Dominated the Global Market
Based on deployment model, the global mass notification systems market was dominated by 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 to be the most reliable ways due to the criticality of operations. However, cloud based systems are gaining traction due to increasing adoption of cloud computing, and emergence and adoption of high-tech tools in the technical fields.
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North America Dominates the Market by Region
North America led the mass notification systems market in 2018 by holding a market share of over 30%, due to increasing demand fast message delivery systems in various sectors. Furthermore, development of advanced technologies and growing security concerns in public places is also responsible for the huge market share in this region. However, Asia-Pacific is projected to grow at a 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 is fueling the growth of this market.
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Some of the 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.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
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 global Mass Notification Systems market based on type, component, deployment model, industry verticals, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Type Segment (2017–2027; US$ Bn)
• In-building Solutions
• Wide-area Solutions
• Distributed Recipient Solutions
|
|
Component Segment (2017–2027; US$ Bn)
• Services
• Solutions
|
|
Deployment Model (2017–2027; US$ Bn)
• On-premises
• Cloud
|
|
Industry Verticals (2017–2027; US$ Bn)
• Commercial and Industrial
• Education
• Energy and Utilities
• Healthcare and Life Sciences
• Defense and Military
• Transportation and Logistics
• Government
• Others
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key questions answered in this report
- What was the market size of mass notification systems in 2018 and forecast up to 2027?
- Which is the largest regional market for cloud based mass notification systems?
- What are the major trends followed in mass notification systems market across different regions?
- Who is the key mass notification systems companies leading the market?
- What are the key strategies adopted by the leading mass notification systems companies in market?
Unique data points of this report
- Statistics on mass notification systems penetration and spending worldwide
- Recent trends across different regions in terms of adoption of mass notification systems for various industries.
- Notable developments going on in mass notification systems market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
