ID: MRFR/ICT/2561-HCR | February 2021 | Region: Global | 100 pages
The Mass Notification System Market is estimated to have a significant growth and it will record a CAGR of 20% during the forecast year 2020-2027. Due to rising technological advancements and demand across the companies, the mass notification system market size will expand up to 20 Billion by the year 2027.
The Mass Notification System is a platform that helps to send one-way messages to people or groups for example employees, government officials, customers, citizens of a particular country. It helps to spread information regarding any upcoming event, emergency, or any natural calamity or disaster.
The rising awareness for public security, cyber-attacks in developing and developed countries is the main reason for the growth of mass notification system market. Also, the increasing demand for a vital system to give required information timely and providing safety to the people are pushing the market to grow.
Through, the Mass Notification System, the messages can be sent to thousands of people in different types of formats at a single time for example through social media, email, web, and SMS as well.
The Mass Notification System Market helps to categorize certain groups. It makes it easier for the companies to reach the target audience without any hassle. Due to the outbreak of COVID-19, the companies have started to use this technology to inform people if someone has tested positive or not. It helps to reduce panic and alerts people who worked during the same shift with that particular person.
The Mass Notification System Market has flourished in the past recent years due to digitalization. One of the most important driving factors of this market is the rising awareness and implementation and solutions to provide cyber-security and privacy among the users. These solutions are massively used in education institutes, business organizations, and other sectors.
The major restraint of the Mass Notification System Industry is that several vendors track the records of the students, employees, and other personnel through IP addresses. To avoid this, students and other personnel do not want to share their phone numbers with their respective institutes or organizations. It is expected that data privacy will hinder mass notification system market growth.
Natural calamities and other disasters can cause a loss in terms of money and life. Disasters like an earthquake, rig fires, tornadoes, tsunamis, etc. can cause huge loss. So, to prevent the loss to a certain extent, the usage of MNS will act as a safety precaution and management. The MNS plays a crucial role to protect the dams, reservoirs, power plants, etc. So it has a great opportunity to grow in the future.
Cyber-attacks are one of the major challenges which are expected to face by the mass notification system market. It is reported that cyber-crimes have affected the financial sector by around 78%. It is also expected that to grow in upcoming years. Also, due to the outbreak of coronavirus, the rate of cyber-crimes has increased.
Cumulative Growth Analysis
With the rapid increase in technology and digitalization, the Mass Notification System Industry is expected to flourish in the upcoming years. Various factors such as alerting people at a single time and reaching them directly will help the market to grow. Whereas, factors such as the increasing rate of cyber-attacks and cyber-attacks will hinder the mass notification system market growth.
Value Chain Analysis
The Mass Notification System Industry is projected to have a rapid growth with a Comprehensive Annual Compound Growth Rate of 20% during the forecast year 2021-2027. Due to increasing technological advancements and rising demand in the automotive sector is expected to push the market to expand. It is expected as per the Mass Notification System Market Analysis, that the global market will reach around 12 Billion during the forecast period 20020-2027.
The Mass Notification System Industry is categorized into these further segments- Application, Solution, Industry, Deployment, and Components.
By Deployment Type, the mass notification system market is divided into On-Premise and Cloud.
By Application, the mass notification system market is further classified as integrated public alert and warning, business continuity and disaster recovery, interoperable emergency communication.
By Components, the mass notification system market is bifurcated into Service, Software, and Hardware.
By Industry, the market is classified into power and energy, defense, transportation and logistics, government, education, automotive, telecom and IT, entertainment and media, life sciences, and healthcare.
By the means of solutions, the Mass Notification System Industry is divided into wide-area solutions, distributed recipient solutions, and in-building solutions.
The Global Mass Notification System Business is projected to grow at a substantial rate during the forecast period 2020-2027. The market is segmented into these five geographical regions- North America, South America, Asia-Pacific, Europe, and the Middle East and African Region.
The countries in the North American Region are currently dominating the Mass Notification System Industry. It is expected that the growth will further increase in the coming years.
The Global Mass Notification System Industry in Europe has observed that the companies in the automobile sectors have invested heavily in the research and development in this field. It is projected that the notification market will grow at a rapid speed in the European countries.
The Asia-Pacific region is observed to have the highest and fastest growth in Global Mass Notification System Market during the forecast period due to support by the government in countries like India. Also, heavy investments in China and inclination towards the automation sector and other several opportunities around the Asia-pacific countries are the major reason for growth.
The countries in the Middle-East and other African region is expected to have slow growth as compared to other regions across the world.
There are many companies across the world which are constantly trying to expand their presence in the Global Mass Notification System Business. They are using different strategies such as collaborations, expansions, new ventures, product launches, etc. to increase their business.
One of the prominent companies in this market is Eaton Corporation (U.K.). In the year 2019, the company introduced a new advanced lighting platform called Trellix that helps make efficient decision-making for operations.
Some of the key companies in the global Mass Notification System Market are-
The report overview of the mass notification system market is-
Recent Developments by the key players in the Mass notification System Industry.
The scope of this report is to provide information and clarity about the global Mass Notification System Market, its growth factors, and indicates its strength. It also provides significant information regarding the key players of the market.
Report Score and Segmentation
By Deployment Modes
By Size of Organisation
By Geographical Region
|Market Size||USD 12 Billion (2023)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Component, Deployment|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Eaton Corporation (U.K.), Blackboard (U.S.), Honeywell International (U.S.), Omnilert, LLC (U.S.), Siemens AG (Germany), Everbridge, Inc. (U.S.), Xmatters, Inc. (U.S.), Mir3, Inc. (U.S.), Singlewire Software, LLC (U.S.), and Desktop Alert, Inc. (U.S.).|
|Key Market Opportunities||The increasing adoption of automation and huge opportunities across industries in the APAC countries, there is a better scope for advancement in the mass notification system market.|
|Key Market Drivers||North America is dominating the Mass Notification System Market due to the increased investments from constituting economies into research and development which drives the growth of the market.|
Frequently Asked Questions (FAQ) :
Mass Notification System refers to a platform that helps send one-way messages to either a group or individuals including employees, customers, government officials and citizens, in order to keep them abreast of any emergency, event, or disaster.
Business Continuity, Emergency, Disaster recovery and others are the primary applications of Mass Notification System.
Mounting need for public security in developed and developing economies, soaring demand for business continuity plans, rising awareness of emergency systems coupled with the massive demand for swift notification systems are the growth-motivating factors in the market.
PCB Layout, Schematic Capture are the main market solutions covered in the report.
The U.S. is experiencing remarkable growth within the semiconductor industry and can note better growth during the review period.