Mass Notification System Market
Mass Notification System Market Forecasts to 2030 - Global Analysis By Component (Software, Hardware, Service and Other Components), Communication Channel (Text Based Communication, Voice Communication and Digital Communication), Deployment, Facility Type, Application, End User and by Geography
According to Stratistics MRC, the Global Mass Notification System Market is accounted for $12.35 billion in 2023 and is expected to reach $42.71 billion by 2030 growing at a CAGR of 19.4% during the forecast period. An essential tool for quickly and effectively informing a large number of people about emergencies is a mass notification system (MNS). A multitude of communication channels, including text messages, emails, phone calls, social media, and sirens, are used by MNS to make sure that people, wherever they may be, receive critical alerts, warnings, or instructions quickly. MNS is essential for boosting safety and facilitating quick response times, whether it's informing citizens about severe weather, informing workers about an emergency at work, or organizing actions during emergencies like natural disasters or security threats.
According to the National Fire Protection Association (NFPA), ensuring the widespread adoption and proper implementation of fire safety codes and standards is essential for mitigating the risks associated with fire incidents and protecting lives and property.
Market Dynamics:
Driver:
Growing demand for security and public safety solutions
The need to strengthen public safety and security measures has increased due to the rise in global threats and hazards. At the forefront of these initiatives are mass notification systems (MNS), which provide a reliable means of communicating important information in times of emergency. MNS makes sure that important alerts and instructions get to the intended recipients quickly and effectively, regardless of the situation—a natural disaster, a public health emergency, or a security threat. Additionally, governments, towns, and businesses from a range of industries are realizing how crucial it is to spend money on MNS in order to improve their capacity for emergency planning and response.
Restraint:
High starting expenses
Mass Notification System (MNS) implementation frequently involves large one-time and recurring expenses, such as expenditures for maintenance, software, hardware, licensing, and training. Widespread adoption can be hampered by these costs, which can be unaffordable for organizations with tight budgets. Cost management is essential for MNS implementation because it accounts for unstated expenses like customization, scalability, and ongoing maintenance. Furthermore, budget-constrained organizations can reduce costs and promote the adoption of MNS by investigating cost-effective solutions, utilizing cloud-based platforms, and looking for funding opportunities or grants.
Opportunity:
Collaboration with initiatives for smart cities
An ideal environment for the incorporation of MNS into urban infrastructure is provided by the global proliferation of smart city initiatives. Municipalities can increase public safety, coordinate emergency response better, and build more resilient communities by integrating MNS into smart city frameworks. Moreover, MNS can be integrated with a range of smart city services and systems, such as public transportation, traffic control, environmental monitoring, and healthcare, to deliver timely notifications and alerts that are location and situation-specific.
Threat:
Reliability and resilience of the system
The dependability and robustness of the system in challenging circumstances pose a serious threat to the deployment of MNS. Regardless of external factors like power outages, network failures, or natural disasters, MNS must function flawlessly during emergencies. A number of elements, including single points of failure, inadequate redundancy, and backup systems, can jeopardize MNS reliability and cause failures or delays in communication when it matters most. Furthermore, the risk of communication breakdowns during emergencies can be further increased by relying exclusively on digital communication channels without using backup techniques like sirens, public address systems, or analog communication devices.
Covid-19 Impact:
The COVID-19 pandemic has caused significant market disruptions, including changes to supply chains, alterations to consumer behavior, and global industry reshaping. While some industries, like healthcare, e-commerce, and technologies for remote collaboration, saw faster growth than others, like travel, hospitality, and traditional retail, there were notable obstacles to overcome. As a result of organizations giving crisis management and emergency communication top priority during the pandemic, the use of mass notification systems (MNS) increased. However, in certain industries, the pace of MNS implementation was slowed down by financial limitations, remote work policies, and economic uncertainty.
The Software segment is expected to be the largest during the forecast period
It is projected that the software segment will have the largest share. This is mostly because software is essential to the operation of MNSs, as it allows for the creation, delivery, management, and analysis of messages. Multi-channel communication, real-time alerting, message customization, integration with current systems, and reporting capabilities are just a few of the features that MNS software solutions offer. Additionally, subscription-based models are frequently offered by software providers, giving businesses access to scalable and affordable solutions that enable advanced features and updates.
The Critical Event Management segment is expected to have the highest CAGR during the forecast period
The industry segment with the highest predicted CAGR is critical event management. Solutions for critical event management take a thorough approach to incident detection, response, and recovery. To reduce risks and lessen the effects of emergencies, they integrate communication capabilities, situational awareness, and real-time monitoring. Moreover, in order to protect people, property, and operations from major occurrences like cyber attacks, natural disasters, security incidents, and operational disruptions, these solutions help organizations proactively detect, evaluate, and respond to these threats.
Region with largest share:
When it comes to mass notification systems (MNS), North America usually has the largest market share. Many elements contribute to this dominance, such as the region's robust IT infrastructure, high public awareness of the value of emergency preparedness and public safety, strict regulatory requirements, and the presence of major market players. Furthermore, the wide-spread use of MNS solutions to meet a range of emergency communication needs is also aided by the region's varied industry verticals, which include the corporate, healthcare, education, and government sectors.
Region with highest CAGR:
The mass notification system (MNS) market is expected to grow at the highest CAGR in the Asia-Pacific region. Increasing investments in smart city initiatives, growing recognition of the value of emergency preparedness and public safety, and the widespread adoption of digital communication technologies across a range of industry verticals are some of the factors driving this explosive growth. Additionally, the region's high population density, urbanization patterns, and economic growth fuel the need for cutting-edge MNS solutions to meet the expanding demands of efficient crisis communication and disaster relief.
Key players in the market
Some of the key players in Mass Notification System market include Everbridge, Inc., Honeywell International Inc., ATI Systems, Johnson Controls, Illumina, Klaxon Technologies, Alertus Technologies LLC., Siemens AG, Eaton Corporation, Blackboard Inc., Omnilert, BlackBerry Limited., Evolv Technologies Holdings, Inc., ICEsoft Technologies and OnSolve, LLC.
Key Developments:
In March 2024, Everbridge, Inc., a global leader in critical event management and national public warning solutions, and Thoma Bravo, a leading software investment firm, today announced that they have amended and restated the previously announced merger agreement. Under the terms of the amended and restated agreement, Thoma Bravo has increased the price at which it has agreed to acquire all outstanding shares of Everbridge to $35.00 per share in cash, or $6.40 per share higher the original transaction price.
In November 2023, Illumina and Veracyte have signed a multi-year agreement for the development of molecular tests as decentralised in vitro diagnostic (IVD) tests. Under the agreement, the companies will develop and provide the tests as decentralised IVD tests on Illumina’s NextSeq 550Dx next-generation sequencing (NGS) instrument.
In June 2023, Honeywell International Inc. HON has entered into a definitive agreement to acquire heads-up-display (HUD) assets of Swedish aerospace and defense company Saab Technology. The financial terms of the transaction are kept under wraps. The HUD system reduces the workload for pilots, helps them with increased situational awareness and increases flight safety.
Components Covered:
• Software
• Hardware
• Service
• Other Components
Communication Channels Covered:
• Text Based Communication
• Voice Communication
• Digital Communication
Deployments Covered:
• On-premises
• Cloud-based
Facility Types Covered:
• Indoor
• Outdoor
• Other Facility Types
Applications Covered:
• Critical Event Management
• Public Safety and Warning
• Business Continuity & Disaster Management
• Reporting & Analytics
• Other Applications
End Users Covered:
• BFSI
• Retail & eCommerce
• Transportation and Logistics
• Government & Defense
• Healthcare & Life Sciences
• Telecom
• Energy & Utilities
• Manufacturing
• IT/ITeS
• Media & Entertainment
• Education
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Mass Notification System Market, By Component
5.1 Introduction
5.2 Software
5.2.1 In-building
5.2.2 Wide Area Notification
5.2.3 Distributed Recipient
5.2.4 Standalone
5.2.5 Integrated
5.2.6 On-premises
5.2.7 Cloud
5.3 Hardware
5.3.1 Fire Alarm Systems
5.3.2 Public Address Systems
5.3.3 Duress Buttons
5.3.4 Electronic Messaging Displays
5.3.5 Visual Alert Devices
5.3.6 Sirens
5.4 Service
5.4.1 Professional Services
5.4.1.1 Consulting and Planning Services
5.4.1.2 Training and Support Services
5.4.2 Managed Services
5.4.2.1 Managed Alert Creation and Delivery
5.4.2.2 24/7 Monitoring and Response
5.4.2.3 Emergency Event Coordination
5.4.2.4 Dedicated Emergency Response Teams
5.4.2.5 Content Creation and Management
5.5 Other Components
6 Global Mass Notification System Market, By Communication Channel
6.1 Introduction
6.2 Text Based Communication
6.2.1 SMS Alerts
6.2.2 Email Notifications
6.3 Voice Communication
6.3.1 Phone Call Alerts
6.3.2 PA system Announcements
6.4 Digital Communication
6.4.1 Mobile App Notifications
6.4.2 Desktop Alerts
6.4.3 Audio-Visual Alerts
7 Global Mass Notification System Market, By Deployment
7.1 Introduction
7.2 On-premises
7.3 Cloud-based
8 Global Mass Notification System Market, By Facility Type
8.1 Introduction
8.2 Indoor
8.2.1 Office Buildings
8.2.2 Shopping Malls
8.3 Outdoor
8.3.1 Parks
8.3.2 Open-air Venues
8.4 Other Facility Types
9 Global Mass Notification System Market, By Application
9.1 Introduction
9.2 Critical Event Management
9.3 Public Safety and Warning
9.4 Business Continuity & Disaster Management
9.5 Reporting & Analytics
9.6 Other Applications
10 Global Mass Notification System Market, By End User
10.1 Introduction
10.2 BFSI
10.3 Retail & eCommerce
10.4 Transportation and Logistics
10.5 Government & Defense
10.6 Healthcare & Life Sciences
10.7 Telecom
10.8 Energy & Utilities
10.9 Manufacturing
10.10 IT/ITeS
10.11 Media & Entertainment
10.12 Education
10.13 Other End Users
11 Global Mass Notification System Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Everbridge, Inc.
13.2 Honeywell International Inc.
13.3 ATI Systems
13.4 Johnson Controls
13.5 Illumina
13.6 Klaxon Technologies
13.7 Alertus Technologies LLC.
13.8 Siemens AG
13.9 Eaton Corporation
13.10 Blackboard Inc.
13.11 Omnilert
13.12 BlackBerry Limited.
13.13 Evolv Technologies Holdings, Inc.
13.14 ICEsoft Technologies
13.15 OnSolve, LLC
List of Tables
1 Global Mass Notification System Market Outlook, By Region (2021-2030) ($MN)
2 Global Mass Notification System Market Outlook, By Component (2021-2030) ($MN)
3 Global Mass Notification System Market Outlook, By Software (2021-2030) ($MN)
4 Global Mass Notification System Market Outlook, By In-building (2021-2030) ($MN)
5 Global Mass Notification System Market Outlook, By Wide Area Notification (2021-2030) ($MN)
6 Global Mass Notification System Market Outlook, By Distributed Recipient (2021-2030) ($MN)
7 Global Mass Notification System Market Outlook, By Standalone (2021-2030) ($MN)
8 Global Mass Notification System Market Outlook, By Integrated (2021-2030) ($MN)
9 Global Mass Notification System Market Outlook, By On-premises (2021-2030) ($MN)
10 Global Mass Notification System Market Outlook, By Cloud (2021-2030) ($MN)
11 Global Mass Notification System Market Outlook, By Hardware (2021-2030) ($MN)
12 Global Mass Notification System Market Outlook, By Fire Alarm Systems (2021-2030) ($MN)
13 Global Mass Notification System Market Outlook, By Public Address Systems (2021-2030) ($MN)
14 Global Mass Notification System Market Outlook, By Duress Buttons (2021-2030) ($MN)
15 Global Mass Notification System Market Outlook, By Electronic Messaging Displays (2021-2030) ($MN)
16 Global Mass Notification System Market Outlook, By Visual Alert Devices (2021-2030) ($MN)
17 Global Mass Notification System Market Outlook, By Sirens (2021-2030) ($MN)
18 Global Mass Notification System Market Outlook, By Services (2021-2030) ($MN)
19 Global Mass Notification System Market Outlook, By Professional Services (2021-2030) ($MN)
20 Global Mass Notification System Market Outlook, By Managed Services (2021-2030) ($MN)
21 Global Mass Notification System Market Outlook, By Other Components (2021-2030) ($MN)
22 Global Mass Notification System Market Outlook, By Communication Channel (2021-2030) ($MN)
23 Global Mass Notification System Market Outlook, By Text Based Communication (2021-2030) ($MN)
24 Global Mass Notification System Market Outlook, By SMS Alerts (2021-2030) ($MN)
25 Global Mass Notification System Market Outlook, By Email Notifications (2021-2030) ($MN)
26 Global Mass Notification System Market Outlook, By Voice Communication (2021-2030) ($MN)
27 Global Mass Notification System Market Outlook, By Phone Call Alerts (2021-2030) ($MN)
28 Global Mass Notification System Market Outlook, By PA system Announcements (2021-2030) ($MN)
29 Global Mass Notification System Market Outlook, By Digital Communication (2021-2030) ($MN)
30 Global Mass Notification System Market Outlook, By Mobile App Notifications (2021-2030) ($MN)
31 Global Mass Notification System Market Outlook, By Desktop Alerts (2021-2030) ($MN)
32 Global Mass Notification System Market Outlook, By Audio-Visual Alerts (2021-2030) ($MN)
33 Global Mass Notification System Market Outlook, By Deployment (2021-2030) ($MN)
34 Global Mass Notification System Market Outlook, By On-premises (2021-2030) ($MN)
35 Global Mass Notification System Market Outlook, By Cloud-based (2021-2030) ($MN)
36 Global Mass Notification System Market Outlook, By Facility Type (2021-2030) ($MN)
37 Global Mass Notification System Market Outlook, By Indoor (2021-2030) ($MN)
38 Global Mass Notification System Market Outlook, By Office Buildings (2021-2030) ($MN)
39 Global Mass Notification System Market Outlook, By Shopping Malls (2021-2030) ($MN)
40 Global Mass Notification System Market Outlook, By Outdoor (2021-2030) ($MN)
41 Global Mass Notification System Market Outlook, By Parks (2021-2030) ($MN)
42 Global Mass Notification System Market Outlook, By Open-air Venues (2021-2030) ($MN)
43 Global Mass Notification System Market Outlook, By Other Facility Types (2021-2030) ($MN)
44 Global Mass Notification System Market Outlook, By Application (2021-2030) ($MN)
45 Global Mass Notification System Market Outlook, By Critical Event Management (2021-2030) ($MN)
46 Global Mass Notification System Market Outlook, By Public Safety and Warning (2021-2030) ($MN)
47 Global Mass Notification System Market Outlook, By Business Continuity & Disaster Management (2021-2030) ($MN)
48 Global Mass Notification System Market Outlook, By Reporting & Analytics (2021-2030) ($MN)
49 Global Mass Notification System Market Outlook, By Other Applications (2021-2030) ($MN)
50 Global Mass Notification System Market Outlook, By End User (2021-2030) ($MN)
51 Global Mass Notification System Market Outlook, By BFSI (2021-2030) ($MN)
52 Global Mass Notification System Market Outlook, By Retail & eCommerce (2021-2030) ($MN)
53 Global Mass Notification System Market Outlook, By Transportation and Logistics (2021-2030) ($MN)
54 Global Mass Notification System Market Outlook, By Government & Defense (2021-2030) ($MN)
55 Global Mass Notification System Market Outlook, By Healthcare & Life Sciences (2021-2030) ($MN)
56 Global Mass Notification System Market Outlook, By Telecom (2021-2030) ($MN)
57 Global Mass Notification System Market Outlook, By Energy & Utilities (2021-2030) ($MN)
58 Global Mass Notification System Market Outlook, By Manufacturing (2021-2030) ($MN)
59 Global Mass Notification System Market Outlook, By IT/ITeS (2021-2030) ($MN)
60 Global Mass Notification System Market Outlook, By Media & Entertainment (2021-2030) ($MN)
61 Global Mass Notification System Market Outlook, By Education (2021-2030) ($MN)
62 Global Mass Notification System Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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