Mass Notification Systems - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Mass Notification Systems Market is accounted for $9.86 billion in 2020 and is expected to reach $38.34 billion by 2028 growing at a CAGR of 18.5% during the forecast period. Growing implementation of IP-based notification devices and Rising demand for public safety and security to boost the adoption of MNS are the major factors propelling the market growth. However, stringent privacy regulations pertaining to access to individual data and inadequate rules and regulations across verticals are hampering the market growth.
A Mass Notification System (MNS) enables users to broadcast notifications to individuals or groups, such as customers, employees, citizens, and government officials, in order to keep everyone informed before/during/ after some specific events or disasters. These systems are extremely helpful in coordinating with masses during relief and rescue operations. Mass Notification systems facilitates robust analytics, distributed contact data, flexible group management, language localization, various options for contact data management, and a globalized approach to optimize voice and SMS routing. Mass Notification Systems (MNS) are vital systems in catastrophic natural disasters including earthquakes, hurricanes and floods along with other situations causing threat to human life, such as bomb explosions. The upsurge in the adoption of mass notification systems in both developed and developing countries is driven growing need for public security, increasing awareness for emergency communication systems, and trend towards mobility and business continuity.
Based on end user, the education segment is going to have a lucrative growth during the forecast period owing to the increasing demand for MNS in critical and sophisticated educational operations. The educational institutions are highly promoting technology in order to make their campus more sustainable to any kind of information. The schools and colleges are highly opting towards the deployment of MNS solutions for ensuring safety and security to the students and faculty. These systems are also widely used for informing the students, teachers, parents, staff and so on about the emergency notifications and also inform the law enforcement agencies about the campus. This significant growing use of MNS in education segment will highly fuel the use of technology in schools and colleges and also enhance the market growth.
By geography, North America is going to have a lucrative growth during the forecast period due to the favourable government initiatives and high acceptance of mass communication system by commercial business segment. The major growth drivers of North America are an increase in the use of smartphones, tablets, notebooks, and PCs at work. North America, especially the US, has the highest percentage of employees using mobile devices at work. This has led to significant penetration of MNS services in the region. The increasing demand for fast message delivery in emergency cases, development and adoption of pioneering technologies, and the presence of significant companies in this region are the major factors driving the market. Furthermore, the rising adoption of duress-based solutions in enterprises across education and healthcare end users is also contributing to the growth.
Some of the key players profiled in the Mass Notification Systems Market include IBM, Alertus, BlackBerry, Blackboard, Catalyst Technologies, Eaton Corporation, Everbridge, Federal Signal Corporation, Google, HipLink Software, Honeywell, Johnson Controls, Motorola Solutions, Omnigo, OnSolve, Rave Mobile Safety, Siemens, Signal Communications Corporation, Singlewire Software, and xMatters.
Deployment Modes Covered:
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-Sized Enterprises
• Interoperable Emergency Communication
• Business Continuity & Disaster Recovery
• Integrated Public Alert & Warning
• Business Communication
End Users Covered:
• Energy and Utilities
• Government and Defense
• Healthcare and Life Sciences
• Telecommunications and IT
• Media and Entertainment
• Transportation and Logistics
• Banking, Financial Services and Insurance (BFSI)
• Retail and Consumer Goods
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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