Mass Notification System Market Statistics: 2026
The global mass notification system market size was valued at $8.05 billion in 2018 and is projected to reach $35.23 billion by 2026, growing at a CAGR of 20.30% from 2019 to 2026. Mass notification system is a type of software that is used for coordinating with people during rescue and relief operations during cataclysmic natural disasters involving earthquakes, floods, and hurricanes. This system provides different type of services that include staff protection, extensive threat response, regulatory compliance, and low response time.
The mass notification system market trends include rise in concerns for public safety & security and increase in implementation of Ip-based notification devices across the globe drive the growth of the market. In addition, extensive demand for mass notification system across various industry vertical fuel the growth of the market. However, stringent rules and privacy regulations across the globe hampers the growth of the market. Furthermore, rise in demand for cloud-based mass notifications systems across different industry verticals is expected to provide major opportunities for the growth of the market during the forecast period.
The government & public sector dominated the mass notification system industry in 2018 and is projected to maintain its dominance during the forecast period, owing to the adoption of mass notification system technology among various government across the globe for public safety and protection of large segment of population. Furthermore, the transport & logistics sector is expected to grow at a significant CAGR during the forecast period, owing to the adoption of mass notification system technology among the transportation & logistics industry for reducing the number of accidents on road.
By Component
Solution is projected as one of the most lucrative segments.
The report focuses on the growth prospects, restraints, and trends of the mass notification system market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the market.
By Deployment Mode
On-premise is projected as one of the most lucrative segments.
Segment review
The global mass notification system market is segmented on the basis of component, deployment mode, organization size, type, industry vertical, and region. In terms of component, it is bifurcated into software and services. In terms of deployment mode, the market is divided into on-premise and cloud. As per organization size, it is bifurcated into large enterprises and small & medium enterprises. In terms of type, the market is categorized into strategic in-building solutions, wide-area solutions, and distributed recipient solutions. Based on industry vertical, it is classified into BFSI, energy & utilities, education, healthcare, government & defense, transportation & logistics and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Organization Size
Large enterprise is projected as one of the most lucrative segments.
The key players profiled in the mass notification system market analysis are IBM Corporation, Honeywell International Inc., Siemens AG, Johnson Controls, Eaton Corporation, OnSolve (Ecn+ Mir3+ Sendwordnow), NetApp Inc, Everbridge Inc., Metis Secure Solutions and xMatters Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
By Solution Type
In-Building Solutions is projected as one of the most lucrative segments.
Top impacting factors
Supportive industry standards and regulations
Governments across the globe understand the importance of evacuation needs and therefore, have implemented strong regulations and taken initiatives for managing emergency situations and incidence management. As emergency situations have become progressively dominant, regulatory expectations for robust and comprehensive incident management are essential for all building structures. In addition, the impact of supportive regulatory reforms, such as BS 5839 Part 8, EN54, UL 2572, CAN/ULC-S576, British Standards, European Directives, IEC standards, AS/NZS 229, Approved Document B, Signs Directive (90/664), Management of Health and Safety at Work Regulations, and others, are expected to generate lucrative opportunities for the market growth during the forecast period. These factors are expected to drive the mass notification system market growth during the forecast period.
By Industry Vertical
Government & Public Sector is projected as one of the most lucrative segments.
High installation and maintenance costs
Mass notification systems are more complex due to their additional components. This adds to the system cost as well as increases the overall cost of the safety system. Experienced and skilled professionals are required for installation of the system owing to the complexity associated with installation. Moreover, the maintenance cost is a key concern for these systems. These systems require regular maintenance checks to ensure the functioning and reliability of the system. Therefore, if organizations decide to install pre-action protection, then they need to install the highest quality components and equipment and maintain these systems as per recommendations by the manufacturer, which result in extra maintenance cost that can impede the growth of the mass notification system market.
By Region
Asia-Pacific would exhibit the highest CAGR of 22.80% during 2019-2026.
Key Benefits for Stakeholders:
- The study provides an in-depth analysis of the global mass notification system market along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global mass notification system market from 2019 to 2026 is provided to determine the market potential.
Mass Notification System Market Report Highlights
Aspects | Details |
By Component |
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By DEPLOYMENT MODE |
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By Organization Size |
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By Type |
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By Industry Vertical |
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By Region |
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Key Market Players | Eaton, Metissecure, Everbridge, Inc., International Business Machines Corporation, Johnson Controls, Inc., Siemens AG, Honeywell International Inc., XMatters, NetApp, OnSolve |
Analyst Review
The adoption of mass notification system has increased over a period, owing to the need for reliable, fast and ultra-secure communication system in emergency situation among the enterprises. Furthermore, various governments across the globe have provided different guidelines for designing, planning, and implementing mass notification system for different safety purposes. The adoption of mass notification system is expected to increase in the upcoming years owing to adoption of this system in various organizations across the globe to optimize and mitigate various natural calamities that can negatively affect the organization’s products or services. Rise in concerns for public safety & security and increase in implementation of Ip-based notification devices across the globe drive the growth of the mass notification system market. Furthermore, rise in demand for cloud-based mass notifications systems across different industry verticals is expected to provide major opportunities for the growth of the mass notification system market during the forecast period.
The mass notification system market is consolidated with the presence of key vendors such as IBM Corporation. North America and Europe are the prime consumers of these systems. However, Asia-Pacific is expected to experience significant growth in the near future, owing to rise in adoption of mass notification system by different governments for coordinating citizens, organizations, and agencies during natural calamities or any terrorist attacks.
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