The global mass notification system market size is estimated to register a significant CAGR during the forecast period, 2021-2028. The growth of market is attributed to rising concerns towards public safety and security which expanded over the last few years, various threatening scenarios from regular and artificial emergencies, and loss of life and property in case of catastrophe.
The mass notification system or MNS is a platform used by the organizations to transmit one- way message to inform their employee or public in the state of emergency. The most common end users of this platform are fire department, police department, and communities & cities.
There has been a comprehensive awareness among government to ensure the safety of the population, owing to which the public safety division are working hand in hand and contributing their activities with bureaus, first responders, crime labs, and commercial carriers.
Research shows that there is rapid adoption of MNS in both developed and developing countries. MNS act a key role in the time of natural calamities such as flood, hurricanes, and earthquakes along with scenarios that can be considered lethal or possess threat for humankind.
Due to COVID-19 outbreak in the year 2020 Regroup Mass Notification partnered with CivicPlus, offered several cities and states across nation for the risk free access to Regroup Mass Notification platform.
Market Trends, Drivers, Restraints, and Opportunities
- Growing initiative towards public safety and security is expected to drive the market in the coming years.
- Increasing life threatening man made accidents are estimated to boost the market during the forecast period.
- Increasing uncertainty of natural calamities such as hurricanes and floods is anticipated to propel the market during the projected period.
- High installation and maintenance cost is and unavailability of skilled professionals possess a challenge that can impede the market growth during the projected period.
- Rising awareness about the seamless services to be offered at the time of crisis is expected to propel the market during the projected period.
- Lack of awareness about the use of notification system among public is a major factor that can hinder market growth during the forecast period.
- R&D and technological advancement of mass notification system and extremity communication by authorities and the organizations creates a lucrative opportunities for the key players in the market.
Scope of the market
The report global mass notification system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Mass notification system – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Deployment (On-Cloud, On- Premises), Component (Solution, and Services), Applications (Wide-Area, In-Building, Distributed Recipient), End User Verticals (Healthcare, Commercial, Energy and Utilities, Education, Government, Other End Users Verticals)
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Regional Scope
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North America, Europe, Asia Pacific, Middle East and Africa, Latin America.
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Motorola Solution Inc.; Blackboard Inc.; BlackBerry AtHoc Inc.; Eaton Corporation; Honeywell International Inc.
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Market Segment Insights
The solution segment is anticipated to hold major market share
On the basis of component, the market is bifurcated into solution and services. The solution segment is anticipated to hold a major market share in the coming years owing to increasing demand for advanced solutions and being user friendly and varies in types such as wide area solution, in-building solutions, and more.
The on-cloud segment is expected to exhibit high CAGR
Based on deployment, the market is fragmented into on-cloud and on- premises. The on-cloud segment is expected to exhibit high CAGR during the forecast period. The COVID-19 situation has led to increase in the usage of cloud-based solutions. On the other hand the on-premises segment is anticipated to grow at a steady pace due to increasing data security and privacy issues.
The distributed recipient segment is anticipated to hold key share of the market
On the basis of application, the market is categorized into wide-area, in-building, and distributed recipient. The distributed recipient segment is anticipated to hold key share of the market in the coming years owing to several features that the segment offer such as pop-ups, automated voice calling, app available for smart phones, and more which can be used as an alert mechanism.
The healthcare segment is estimated to account large market share
In the terms of end user vertical, the market is segregated into healthcare, commercial, energy * utilities, education, government, and others. The healthcare segment is estimated to account large market share due to multipurpose use of the equipment such as inventory management, alerting staff & patients, visitors to emergencies, and more.
North America is expected to dominate the market
Based on regions, the market is categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate the market during the forecast period due to presence of major companies in the region, increasing adoption of duress-based solution, rapid implementation of advanced technologies, and growing demand for instant message delivery system in the events of crisis.
Segments
The global mass notification system market has been bifurcated on the basis of
Deployment
Components
Applications
- Wide-Area
- In-building
- Distributed Recipient
End user Verticals
- Healthcare
- Commercial
- Energy and Utilities
- Education
- Government
- Others
Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key Players
- Motorola Solution Inc.
- Blackboard Inc.
- BlackBerry AtHoc Inc.
- Eaton Corporation
- Honeywell International Inc.
Competitive Landscape
Key players competing in global mass notification system market include Motorola Solution Inc.; Blackboard Inc.; BlackBerry AtHoc Inc.; Eaton Corporation; Honeywell International Inc.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance
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