As per Future Market Insights (FMI), market revenue for the mass notification systems market will total USD 12.3 billion in 2023. Registering impressive growth at 18.7% CAGR from 2023 to 2033, the market valuation is expected to surpass USD 68.8 billion by 2033.
Future Market Insights (FMI) reports that global mass notification systems solutions generated revenue of USD 10.4 billion in 2022. In terms of value, services are identified as the fastest-growing segment in terms of component. It is estimated to register the highest CAGR of 22.0% over the next ten years.
| Attributes | Details |
|---|---|
| Mass Notification SystemsMarket Value (2022) | USD 10.4 billion |
| Mass Notification SystemsMarket Value (2023) | USD 12.3 billion |
| Mass Notification SystemsMarket Expected Value (2033) | USD 68.8 billion |
| Mass Notification SystemsMarket Projected CAGR (2023 to 2033) | 18.7% |
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Mass notification systems registered soaring growth in 2022 with worldwide revenue up 16.1% year-over-year. A revised report by Future Market Insights (FMI) estimates that mass notification systems revenue will increase at a significant rate, reaching nearly USD 68.8 billion billion by 2033, at a CAGR of 18.7%.
Mass notification systems are intended to communicate real-time information regarding emergencies, including fire, terrorist activities, chemical spills, biological events or natural disasters with residents/peoples and alert them about what to do in response to a threat or emergency. These systems are classified as in-building, wide-area, and distributed recipient systems.
The threat from extreme terrorism has increased in recent years. A series of campus shootings, acts of domestic terrorism, and 9/11 attack have increased the awareness regarding emergency notification systems in various countries.
Due to growing occurrences of terrorist attacks, emergency alert and mass notification systems are increasingly positioned to play vital roles in raising awareness, sharing information and saving lives.
The demand for mass notification systems has increased because of recent crimes and terrorist acts that have affected thousands of people. This factor is estimated to propel the adoption of mass notification systems during the forecast period.
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To counter the rising incidence of disasters across the globe, data and technology implementation has become imperative for improving emergency management departments. Mass notification systems are still operating on legacy systems made for wireline phones, which makes emergency communication and resource coordination more costly and difficult.
Continuous developments and implementation of new technologies are creating greater opportunities to make emergency management systems more intelligent, secure, and effective.
Advent of advanced technologies such as blockchain, artificial intelligence (AI), and Internet of Things (IoT) and their integration in mass notification systems are creating potential opportunities to generate, transmit and read emergency-related data for better decision-making in crises.
The United States is predicted to remain one of the most significant markets during the forecast period, according to Future Market Insights (FMI). According to the study, the United States is projected to account for over 79.6% of the North American market by 2033.
Due to the presence of a large number of United States-based users and significant players in the mass notification systems landscape, there is high adoption of mass notification systems technology in the country. United States based emergency notification service providers are developing advanced notification apps and software's that enable organizations to send notifications to Millions of people within seconds, from phone, keeping those people safe and informed of critical events. Such factors are responsible for witness significant growth over the coming years.
Demand in Germany is expected to rise at nearly 16.0% CAGR over the forecast period (2023 to 2033). The mass notification systems market is witnessing high growth rates due to increase in frequency and intensity of natural disasters and increasing government initiatives towards public safety. Apart from this, public-private partnerships further help in addressing and ensuring emergency management department threats and effectively serving all parts of communities.
As per the report, Germany is recognized as a primary market, and is anticipated to continue exhibiting high demand for mass notification systems over the coming years.
By 2033, India will account for over 47.7% of share in South Asia and Pacific. India a rapidly growing industrialization and is expected to offer a favorable market for mass notification systems vendors.
Public security is the primary function of Indian government, which ensures protection of citizens, organizations, persons in their territory, and institutions against threats. Government of India, recognizing the importance of investing in hazard monitoring and mass notification systems to reduce the possibility of personal injury, loss of life, damage to property and the environment and loss of livelihoods.
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Revenue from mass notification systems services surged 19.3% year-over-year in 2023. Demand for mass notification systems is expected to show sturdy growth, giving the hardware product segment year-over-year growth of 16.4% in 2023, according to Future Market Insights (FMI).
Based on component, demand for mass notification systems emergency notification platform is expected to balloon at 18.6% CAGR, accounting for a market share of nearly 44% of the market in 2033. Mass notification systems devices include fire alarms, public address systems, alert beacons, duress systems and others. The use of social media and advanced IP & broadband communication technologies, along with the emergence of connected safety solutions are some major coming trends in the mass notification systems market.
In-Building mass notification systems are expected to contribute maximum revenue share of more than 43.8% to mass notification systems in 2023. In-Building mass notification systems are installed within the buildings educational campus, government buildings, industrial facilities, warehouses, restaurants, and among other areas. The purpose of these systems is to notify and alert residents or occupants at the time of any emergency situations.
These systems are integrated with existing voice systems, LED signage and local area networks to communicate with each other and deliver information and instructions when there is an emergency.
Among applications segment, the market is segmented as emergency & crisis notification, business continuity and disaster recovery, business communication & operations, and others. Business communication & operations segment is dominating the global mass notification systems market and it is expected to account for 27% of the total market value share by the end of 2023.
Based on applications, as business continuity and disaster recovery segment is expected to grow at 22.8% CAGR and accounting market share nearly 25.8% of the market in 2033. Business continuity and disaster recovery are the practices that support an organization's ability to remain operational after an adverse event. It is necessary to each business to develop and maintain such practices. The mass notification systems help business and industries to communicate with the target audience to share emergency information.
Among the end-users industries, the market is segmented as military & defense, government & public sector, industrial, commercial, event & sports venues, critical infrastructures, and others. The critical infrastructures industry is set to witness a relatively higher CAGR of 23.8% during the forecast period.
Mass notification systems help organizations to communicate rapidly and effectively during crisis to ensure business operations continue uninterrupted when unexpected events or situations arise. Organizations are also leveraging mass notification systems solutions to notify employees about workplace reopening's, postponements due to damages and other urgent matters.
The market share of the mass notification systems market in terms of industries varies in key regions. The above figure shows the view of mass notification systems market share in the key regions including, North America, Europe, East Asia, South Asia & Pacific, Middle East & Africa, and Latin America. On the basis of industry, the commercial segment holds the largest share of the mass notification systems market due to the increasing adoption of more secured and efficient mass notification solutions and rising implementation of IP-based notification systems.
In addition to this, nowadays, critical infrastructure is expected to witness higher sales in the coming years, owing to increasing demand for mass notification solutions in manufacturing and energy sectors to ensure high level security for people.
According to the Future Market Insights (FMI)’s industry analysis, Everbridge, IBM Corporation, Omillionilert, LLC, Eaton Corporation, Honeywell International Inc., Siemens AG, and American Signal Corporation are identified as key providers and manufacturer of mass notification systems.
The key players focus to form new partnership & collaboration to leverage Artificial Intelligence to further advance into the next generation of mass notification systems technology solutions. This strategy can help mass notifications systems companies to serve business customers around the globe by providing mass notification platform and services to make buildings smart, safe, and sustainable.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, ASEAN, Australia & New Zealand, GCC Countries, Turkey, and South Africa |
| Key Market Segments Covered | Component, Solution, Application, End-use Industry, and Region |
| Key Companies Profiled | Eaton Corporation Inc.; Honeywell International Inc.; Johnson Controls; Bosch Limited; Siemens; Everbridge; Motorola Solutions, Inc.; AtHoc, Inc.; AFA Protective Systems, Inc.; Alertus Technologies, LLC; American Signal Corporation |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global mass notification systems market might create a value up to USD 12.3 billion in 2023.
The global adoption of mass notification systems is forecasted to surge at 18.7% through 2033.
The growing possibility of natural disasters is anticipated to drive the Germany market.
The United States is expected to retain its dominance with 79.6% market share until 2033.
The global market progressed at a promising 16.1% CAGR from 2018 to 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Pricing Analysis 5. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033) 6. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Component 6.1. Component Definition 6.1.1. Hardware 6.1.2. Emergency Notification Platform 6.1.3. Services 7. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Solution 7.1. Solution Definition 7.1.1. In-Building Mass Notification Systems 7.1.2. Wide-Area Mass Notification Systems 7.1.3. Distributed Recipient Mass Notification Systems 8. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Application 8.1. Application Definition 8.1.1. Emergency & Crisis Notification 8.1.2. Business Continuity & Disaster Recovery 8.1.3. Business Communication & Operations 8.1.4. Others 9. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Industry 9.1. Industry Definition 9.1.1. Military & Defense 9.1.2. Government & Public Sector 9.1.3. Industrial 9.1.4. Commercial 9.1.5. Event & Sports Venues 9.1.6. Critical Infrastructures 9.1.7. Others 10. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Region 10.1. Regional Coverage 10.1.1. North America 10.1.2. Europe 10.1.3. East Asia 10.1.4. South Asia & Pacific 10.1.5. Latin America 10.1.6. Middle East & Africa (MEA) 10.1.7. Oceania 11. North America Market Analysis and Forecast 12. Europe Market Analysis and Forecast 13. East Asia Market Analysis and Forecast 14. South Asia & Pacific Market Analysis and Forecast 15. Latin America Market Analysis and Forecast 16. Middle East & Africa Market Analysis and Forecast 17. Oceania Market Analysis and Forecast 18. Global Market Analysis Key Countries 19. Competition Landscape 19.1. Global Market Competition Dashboard 19.2. Global Market Tier Structure 19.3. Global Market Share Analysis 20. Competition Analysis 20.1. Eaton Corporation Inc. 20.2. Honeywell International Inc. 20.3. Johnson Controls 20.4. Bosch Limited 20.5. Siemens 20.6. Everbridge 20.7. Motorola Solutions Inc. 20.8. AtHoc Inc. 20.9. AFA Protective Systems Inc. 20.10. Alertus Technologies LLC. 20.11. American Signal Corporation 21. Appendix 22. Definitions of Analytical Frameworks 23. Sources and References
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Mass Notification Systems Market
