Mass Notification Systems Market
The Mass Notification Systems Market is predicted to reach USD 33 billion by 2027, expanding at a CAGR of 20.1% during the forecast period (2020-2027).
The fac0trs driving the growth of Mass Notification Systems Market includes rising concerns related to public safety, increasing use of mass communication systems to communicate real time information about biological events and natural disasters and growing demand for smartphones around the world. According to the Global Terrorism Index published by the United Nations, in 2021 around 48% deaths occurred in Sub Saharan region and Islamic State (IS) emerged as the deadliest Terrorist group during the same year, which is alarming Governments and institutions across the globe to adopt mass notification systems. Moreover, the integration of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) with the mass notification systems and emerging need to facilitate communication effectively with the workforce, are some of the additional factors supplementing the Global Mass Notification Systems Market.
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However, the growth of Mass Notification Systems Market is hindered due to lack of awareness amongst consumers about mass notification systems.
The leading players operating in the market are Siemens, Blackboard Inc., Singlewire Software, LLC., Motorola Solutions, Inc., Honeywell International Inc., Eaton, OnSolve, Everbridge, BlackBerry Limited, and xMatters, among others.
Deployment Type – Segment Analysis
Based on Deployment Type, the on-premises segment is projected to expand at a significant CAGR over the forecast period attributed to increasing deployment of on-premises mass notification system by the major companies.
Vertical – Segment Analysis
Based on Vertical, the education segment is anticipated to grow at a remarkable CAGR during the forecast period. The mass notification systems ensure safety at college campus and schools and allows smooth functioning of the operations within these institutions, are some of the factors responsible for the growth of the segment.
Regional – Segment Analysis
Based on Region, the North America region is estimated to capture a sizable market share over the forecast period. The increasing Government expenditure on public safety, adoption of advanced technologies by the major corporations, presence of the leading players such as BlackBerry Limited and Honeywell International Inc., high per capita incomes and improved living standards, are some of the factors influencing the market growth in North America.
Market Segmentation
Global Mass Notification Systems Market by Component
Global Mass Notification Systems Market by Solution
Global Mass Notification Systems Market by Deployment Type
Global Mass Notification Systems Market by Organization Size
Global Mass Notification Systems Market by Vertical
Global Mass Notification Systems Market by Region
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