Market Dynamics
The global market for mass notification system to grow at a significant rate of 20% during the forecast period (2018-2023) reveals Market Research Future (MRFR). The market is also estimated to achieve a valuation of USD 12 Billion by the end of 2023.
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Market Segmentation
The global market for mass notification system has been segmented with regard to component, solution, application, deployment, and industry.
Component-based market segments are hardware and software as well as services.
Solution-wise, the market has been considered for wide area solutions, distributed recipient solutions and in-building solutions.
Application-wise, the market caters to integrated public alert and warning, interoperable emergency communication, business continuity and disaster recovery.
Deployment types covered in the report are On-Premise and On-cloud.
Industry-wise market segments in the report include energy and power, education, defense, healthcare, transportation, automotive, government offices and logistic.
Top Competitors
Top competitors in the worldwide Mass Notification System Market include Desktop Alert, Inc. (U.S.), Honeywell International (U.S.), Everbridge, Inc. (U.S.), Siemens AG (Germany), Eaton Corporation (U.K.), Xmatters, Inc. (U.S.), Blackboard (U.S.), Mir3, Inc. (U.S.), Singlewire Software, LLC (U.S.), Omnilert, LLC (U.S.), among others.
Top Drivers and Main Restraints
Mass notification systems provide the front-line communication technology to people, notifying them about all the feasible safety measures in situations that are dangerous. In the next few years, the mass notification system market can be quite ubiquitous across its ecosystem and has the potential to attain high traction with respect to its adoption across all the countries in the world.
Mass Notification Systems (MNS) for emergency communications are gaining higher grounds, given the soaring demand for quick notification deliveries as well as message prioritization in areas prone to earthquake and flood. For instance, Japan Mass notification systems are used to convey the instructions to the masses about the correct course of action in an emergency. Additionally, mass notification systems help deal with business messages and also offer a sufficient timeframe to deploy and ensure business continuity measures. Therefore, the technology is gaining immense momentum across enterprises, thanks to their distinctive properties of business continuity management during calamity and emergency.
The market also stands to benefit from various other technical features of the mass notification systems, including powerful & scalable platform that helps plan and enforce policies. Other than this, a message that has been composed on the MNS can be sent in various formats at once, be it SMS text, social media, email, RSS or web.
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Regional Insight
The geographical distribution of the worldwide market for mass notification system covers North America, Asia Pacific (APAC), Europe, and the rest of the world (RoW).
North America is leading the global mass notification system market, thanks to the rising usage of these systems in the education sector. In July 2018, Regroup Mass Notification, a company with expertise in communication technology, partnered with 360 Accelerator, a vendor that offers direct and holistic support to schools. This partnership entailed the former to offer its cloud-based mass communication software service to the latter, with the aim to improve the communication in schools, in addition to enhance the management of emergencies. The 360 Accelerator is used across a large number of schools in California.
APAC is a region that is most prone to natural disasters, with more than 70% of the globe’s natural disasters taking place here. Also, scientists predict that the intensity as well as the incidence of these disasters can surge in the years ahead, which calls for the usage of mass notification systems. The mass notification systems market is gaining high prominence in APAC, on account of the mounting awareness regarding public safety and the surge in natural disasters. The tsunami that took place in the year 2004 gave rise to the awareness with respect to the need for MNS, given the enormity of the damage to life and property. APAC comprises a number of emerging countries, like India and China, who note a large number of natural calamities like earthquakes, floods, wildfires and tsunamis every year. Apart from this, there has been a surge in the number of terrorist attacks in the region, which also boosts the demand for mass notification systems.
LIST OF TABLES
Table1 Global Mass Notification System Market: By Country, 2018-2023
Table2 North America Mass Notification System Market: By Country, 2018-2023
Table3 Europe Mass Notification System Market: By Country, 2018-2023
Table4 Asia Pacific Mass Notification System Market: By Country, 2018-2023
Table5 The Middle East & Africa Mass Notification System Market: By Country, 2018-2023
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LIST OF FIGURES
FIGURE 1 Global Mass Notification System Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Mass Notification System Market
FIGURE 4 Value Chain Of Global Mass Notification System Market
FIGURE 5 Share Of Mass Notification System Market In 2018, By Country (In %)
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