The global mass notification systems market size reached USD 7.95 Billion in 2020 and is expected to register a CAGR of 19.9%, during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is expected to be driven to a significant extent by increasing government focus towards public safety. Increasing deployment of IP-based notification devices is expected to further propel global mass notification systems market growth going ahead. Increasing adoption of mass notification systems in the education sector is expected to augment growth of the global mass notification systems market in the near future.
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Some Key Highlights in the Report
- Solutions segment revenue is expected to expand at a significant CAGR during the forecast period. Rising adoption of mass notification systems solutions across various industries is expected to boost revenue growth of this segment going ahead.
- In terms of revenue share, the in-building segment is expected to register significant growth over the forecast period due to rising deployment of in-building solutions across various industries to communicate alerts, messages, and notifications to individuals.
- Increasing implementation of on-premises mass notification systems among various industries is expected to drive revenue growth of the on-premises segment, which is expected to lead in terms of revenue contribution to the global mass notification systems market during the forecast period.
- In terms of revenue share, the public warnings & alerting segment is expected to lead among other application segments over the forecast period due to rising adoption of mass notification systems in various industries to deliver a particular message to many people via multiple devices.
- Increasing adoption of mass notification systems in the healthcare industry to deliver regular message for activities such as inventory counts and for notifying employees, patients, and visitors in the event of an emergency is expected to drive revenue growth of the healthcare segment during the forecast period.
- Factors such as growing demand for rapid message delivery systems during emergencies across sectors, including healthcare, education, and commercial, and residential in countries in North America is expected to support growth of the market in the region during the forecast period.
- Key players in the market include Blackboard Inc., Motorola Solutions, Inc., International Business Machines Corporation, Honeywell International Inc., Eaton Corporation plc, Siemens AG, Everbridge, Inc., OnSolve, LLC, Singlewire Software, LLC, and xMatters, Inc.
- In August 2020, OnSolve, LLC announced the acquisition of Stabilitas Intelligence Communications, Inc. This acquisition will enable OnSolve to offer business resilience and continuity solutions by integrating situational awareness, critical communication, and disaster recovery solutions.
To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/mass-notification-systems-market
Emergen Research has segmented the global mass notification systems market on the basis of component, solution, deployment, application, end-use, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Services
- Hardware
- Solutions
- Solution Outlook (Revenue, USD Billion; 2018–2028)
- Wide-Area
- In-Building
- Distributed Recipient
- Deployment Outlook (Revenue, USD Billion; 2018–2028)
- On-premises
- Cloud
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Public Warnings & Alerting
- Emergency Response
- Business Continuity
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Government
- IT and telecom
- Healthcare
- Education
- Transportation & Logistics
- Commercial
- Others
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