ID: MRFR/ICT/2561-HCR | 100 Pages | Author: Aarti Dhapte | June 2023
Mass Notification System Market Size was valued at USD 10 billion in 2021. The mass notification system market industry is projected to grow from USD 12.1 billion in 2022 to USD 45.95 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 21.00% during the forecast period (2022 - 2030).The mounting need for public security in developed and developing economies and soaring demand for business continuity plansare the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The increasing adoption of Artificial Intelligence (AI) and cloud-based components to boost the market growth
Due to the end-use industries' increased adoption of various technologies, including the Internet of Things (IoT), cloud computing, and data analytics, mass notification systems are becoming increasingly in demand. These technologies offer various alternatives and capabilities above and beyond conventional applications, constantly improving user engagement and fortifying safety precautions. Businesses, local governments, and governmental entities can send one-way communications to people or groups to alert them to emergencies, impending events, and natural disasters thanks to the mass notification systems. For instance, in September 2022, the technology business AlertMedia, Inc. released emergency communication software that enables interactivity with audiences and enterprise-wide communication channels to confirm a resolution and link security teams.
Governments worldwide have put in place strict legislation and taken steps for emergencies and incident management because they recognize the significance of the necessity for evacuation. Regulatory requirements for thorough incident management are crucial for all building structures as emergencies have grown more prevalent. Furthermore, it is anticipated that during the forecast period, the effects of beneficial regulatory reforms, such as BS 5839 Part 8, EN54, UL 2572, CAN/ULC-S576, British Standards, European Directives, IEC standards, AS/NZS 229), Approved Document B, Signs Directive (90/664), Management of Health and Safety at Work Regulations, and others, will generate lucrative opportunities for market growth. These elements are anticipated to fuel market growth for mass notification systems.
Concern for public security is the primary factor driving the increase in the implementation of mass notification systems in industrialized and developing nations. Mass notification systems are essential during natural catastrophes, such as hurricanes, floods, earthquakes, and other situations where human life is in danger. For instance, in 2017, the Kirksville City Council authorized the acquisition of a mass notification system from ReGroup. The five-year arrangement reportedly cost the city USD 6,500 in the first year and USD 5,500 in the following years, enhancing the mass notification system market CAGR ly in recent years.
The requirement for software that maintains device and operating system compatibility across various apps is expected to rise as artificial intelligence (AI), and cloud-based notification system components become more widely used. Effective communication infrastructure and sufficient bandwidth are required by the software used in mass notification systems to broadcast several notifications at once, another factor driving the mass notification system market revenue.
The market segmentation, based on components, includes services, managed services, professional services, software, and hardware. The hardware segment held the majority share in 2021 of the mass notification system market revenue. The growth of controlled notification systems and IP-based notification devices in hospitals and other healthcare facilities is credited with the segment's expansion. It consists of a wide range of hardware required to deploy the program.
The mass notification system market segmentation, based on application, includes public warnings and alerts, emergency response, and business management and continuity. The business management and continuity segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period 2022-2030. Business continuity is a similar idea that helps large and small firms continue operating in the face of difficulty. Due to business continuity, the effects of outages and other interruptions on corporate activities are reduced, positively impacting the market growth.
The mass notification system market data has been bifurcated by solutions into wide-area solutions, in-building solutions, and distributed recipient solutions. The in-building solutions segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period 2022-2030. The increased use of solutions, such as visual signaling, voice communication, and other communication methods, to give directions and information to residents within and outside a building is blamed for the segment rise. These solutions interface with public systems like fire alarms to notify and inform the workforce.
Figure 2: Mass Notification System Market by Solutions, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on deployment modes, the mass notification system industry has been segmented into on-premises and cloud. The cloud held the largest segment share in 2021. The adoption of the cloud deployment mode is made easier by the cloud technology's advantages of simple deployment and low capital requirements. The notification system market's cloud sector is predicted to develop more quickly due to the rising demand for scalable, user-friendly, and affordable mass notification system solutions.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America Mass Notification System market accounted for USD 4.31 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. The main factors driving the mass notification system adoption in the area are the occurrence of college shootings and the rising awareness of the system following the 9/11 terrorist attack in 2001.
Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: MASS NOTIFICATION SYSTEM MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe mass notification system market accounts for the second-largest market share. Because of the growing need for mobile-based mass notification applications that can provide people with real-time safety and security, it is projected that the mass notification market will occupy a significant position in Europe. Further, the Germany mass notification system market held the largest market share, and the UK mass notification system market was the fastest-growing market in the European region.
The Asia-Pacific Mass Notification System Market is expected to grow at the fastest CAGR from 2022 to 2030. Due to growing aerospace and defense operations for deploying emergency alert components such as Earthquake Tsunami Warning Systems, EU-Alert, and National Messages across various geographies, the regional market is predicted to grow. Moreover, China mass notification system market held the largest market share, and the India mass notification system market was the fastest-growing market in the Asia-Pacific region.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the mass notification system market grow even more. Market participants are also taking various strategic initiatives to grow their footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the mass notification system industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies manufacturers adopt in the mass notification system industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In recent years, the mass notification system industry has provided some of the most significant benefits. The mass notification system industry major player such as Eaton Corporation (U.K.), Blackboard (U.S.), Honeywell International (U.S.), and others are working on expanding the market demand by investing in research and development activities.
The corporate headquarters of the American multinational conglomerate Honeywell International Inc. are in Charlotte, North Carolina. Aerospace, building technologies, performance materials and technology (PMT), and safety and productivity solutions comprise its four main business sectors (SPS). In April 2021, Will.i.am and Honeywell created the Xupermask, a smart mask with LED lights, 3-speed fans, and noise-canceling headphones constructed of silicon and athletic mesh fabric.
Also, with its headquarters in Munich and branch offices across the world, Siemens is a German multinational conglomerate corporation and the biggest industrial manufacturing enterprise in Europe. Digital Industries, Smart Infrastructure, Mobility, Healthcare (marketed as Siemens Healthineers), and Financial Services are the company's main divisions. In April 2020, Siemens purchased a majority 77% share in the Indian provider of building solutions, Technologies, for an unknown fee.
Eaton Corporation (U.K.)
Blackboard (U.S.)
Honeywell International (U.S.)
LLC (U.S.)
Siemens AG (Germany)
Everbridge Inc. (U.S.)
Xmatters Inc. (U.S.)
Mir3 Inc. (U.S.)
Singlewire Software
Desktop Alert Inc. (U.S.), among others
December 2019: The Siemens Group updated the Design CC platform before launching it, which was necessary for effectively managing all the different building sizes. The brand-new item offers precise adjustability and versatility for using both medium- and small-sized buildings.
2020: IBM's launch of "Watson Works" was announced to assess the difficulties of returning to the job. The Watson Works is a systemized product that incorporates applications and AI models to assist various businesses in identifying the many difficulties associated with "return-to-workplace" following lockdowns to stop the spread of COVID-19.
Services
Managed Services
Professional Services
Software
Hardware
Public Warning and Alerts
Emergency Response
Business Management and Continuity
Wide area Solutions
In-building solutions
Distributed recipient solutions
On-Premises
Cloud
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
Report Attribute/Metric | Details |
Market Size 2021 | USD 10 billion |
Market Size 2022 | USD 12.1 billion |
Market Size 2030 | USD 45.95 billion |
Compound Annual Growth Rate (CAGR) | 21.00% (2022-2030) |
Base Year | 2021 |
Market Forecast Period | 2022-2030 |
Historical Data | 2018 & 2020 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Component, Application, Solutions, Deployment Modes, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | 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 |
Key Market Dynamics | The rise in concerns for public safety & security The increase in implementation of Ip-based notification devices across the globe |
The market size was valued at USD 10 Billion in 2021.
The market is projected to grow at a CAGR of 21.00% during the forecast period 2022-2030.
North America had the largest share in the market of a mass notification systems.
The key players in the market of mass notification systems are 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.).
The hardware category dominated the market of mass notification systems in 2021.
Business management and continuity had the largest share in the market of mass notification systems.
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