Market Set to Exhibit Double-digit CAGR through 2029
Over the years, the world has seen unparalleled catastrophes - both natural and man-made - each one promoting a need for better emergency notification. When formulating plans and in preparations for emergency response, a mass notification system is becoming an integral component. Moreover, with a wealth of digital technologies on the horizon, the demand for effective mass notification systems continues to defy gravity. According to Future Market Insights, worldwide adoption of mass notification systems is projected to grow at CAGR of more than 15% during the forecast period, 2019 - 2029.
Frequently Asked Questions About Mass Notification Systems Market
What are future projections of mass notification systems market?
The mass notification systems market shows significant growth opportunities in the coming years. The market is most likely to surpass revenues worth US$ 30 Bn by 2029, exhibiting a solid double-digit CAGR during the forecast period.
What are the rising trends in the mass notification systems market?
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.
Which region is expected to show high growth potential in the mass notification systems market?
Asia Pacific excluding Japan is expected to show high growth opportunities, owing to growing industrialization and increasing frequency and intensity of natural disasters in China, Japan, and other countries.
Which mass notification systems solution is expected to hold largest market share?
In-building mass notification solution is expected to hold largest market share, as these systems are used in various organizations, commercial and residential building, and educational institutions.
Who are the major players in the mass notification systems market?
The mass notification systems market comprises of large as well as mid-sized vendors including Eaton Corporation Inc, Honeywell International, Tyco Integrated Security, Bosch Security Systems, Inc., Siemens, Everbridge, Motorola Solutions, BlackBerry, AFA Protective Systems, and Alertus Technologies.
Which industries are expected to offer lucrative growth opportunities in the coming years?
The commercial industry is expected to hold the significant market share during the forecast period. Whereas, 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 and data.
Emergency Notification Platform to Surpass Hardware Demand by 2021
Mass notification hardware such as speakers, siren, & strobe lights, which currently account for 1/5th of total sales, continue to influence market growth strategies. However, emergence notification platform is witnessing a quantum leap in demand, which is expected to take over sales of hardware components by 2021. Such change in demand patterns of end users can be a result of strong focus on leveraging advanced technologies for improved emergency communication. A number of market players are also focusing on providing customized services, as demand from wide range of industry verticals continues to differ.
APEJ’s Market to Record 29% CAGR During 2019-2029
North America remains at the forefront of the global mass notification systems market, accounting for half of the total adoption. The region offers greater opportunities due to strong presence of key technology pioneers and wide propagation of mobile technology. However, market consolidation in Asia Pacific excluding Japan (APEJ) remains a key focus area of market players, due to rapid proliferation of smartphones and growing intertwined relationships of telecommunication, information technology and other emerging technologies. Continued industrialization in the region and emergence of mass notification system as the indispensable communication platform for businesses to build relationships with customers are grabbing market players’ attention.
Disruptive Technologies to Shape the Future Landscape
Demand for mass notification system is gaining a boost from addressing major concerns of organizations, such as safety and security, medical emergencies, and daily operations. Numerous disruptive technologies are making headway into the mass notification system market, as key players are keen to set their offerings apart from the competition. Cloud-based software enables efficient storage of data and algorithms at one place, while Internet of Things (IoT) allows appliances and components of equipment to self-monitor and communicate their data through the cloud. Advancements in Artificial Intelligence (AI) and geographic information system (GIS) - enabling automatic translation, voice recognition, and systematic analysis, and offering the ability to pinpoint the location - are expected to take mass notification system to new heights.
Sales of hardware remain bullish
Surging adoption of emergency notification platform
In-building solution remains highly preferred
Demand for distributed recipient solution to pick pace
High application in interoperable emergency communication
Use in business operations gains momentum
Commercial sector remains top end users
Demand from critical infrastructures increases significantly
How Growth will Unfold
Adoption of mass notification systems by the commercial sectors all over the world account for 23% revenue share, while growing application in industrial space and critical infrastructures is expected to open a wide window of opportunities for market players. Moreover, the demand from critical infrastructures is likely to exceed that from industrial sector by 2028. Furthermore, the government and public sector, especially in developing countries, and shifting their traditional mindsets and investing in new technologies at scale. This, in turn, will play an instrumental role in the growth of the mass notification systems market.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Mass Notification Systems Market Analysis 2019-2029
A recent market study published by Future Market Insights (FMI) on the mass notification systems market includes a global industry analysis 2014-2018 and an opportunity assessment 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of this market, growth prospects of the market are obtained with maximum precision.
Mass Notification Systems Market Taxonomy
The global mass notification systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
Product
- Hardware
- LED Display & System
- PA Systems
- Speakers, Siren & Strobe Lights
- Others
- Emergency Notification Platform
- Services
- Installation & Integration Service
- Maintenance Service
- Consulting Service
Solution
- In-Building Solution
- Wide-Area Solution
- Distributed Recipient Solution
Application
- Interoperable Emergency Communication
- Integrated Public Alert & Warning
- Business Continuity & Disaster Recovery
- Business Operation
Vertical
- Military & Defense
- Government and Public Sector
- Industrial
- Commercial
- Event & Sports Venues
- Critical Infrastructures
- Others
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
What's Included
The report initiates with the executive summary of the mass notification systems market, which includes a summary of key findings and statistics of the market. It also includes the demand and supply-side trends pertaining to this market.
Readers can find the definition and a detailed taxonomy of the mass notification systems market in this chapter, which will help them understand the basic information about the market. Along with this, comprehensive information pertaining to mass notification systems and their properties are provided in this section. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the mass notification systems market report.
This section explains the global market value analysis and forecast for the mass notification systems market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical mass notification systems market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, the pricing analysis of the market at the regional level has been provided in this section.
This chapter explains key macroeconomic factors that are expected to influence the growth of the mass notification systems market over the forecast period. Along with the macroeconomic factors, this section also highlights the forecast factors and value chain analysis of the mass notification systems market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on product, the mass notification systems market is segmented into hardware, emergency notification platform and services. The hardware segment is further segmented as LED display & system, PA systems, speakers, siren & strobe lights, and others. Furthermore, the service segment is segmented on the basis of installation & integration service, maintenance service and consulting service. In this chapter, readers can find information about key trends and developments in the mass notification systems market and market attractiveness analysis based on product.
Based on solution, the mass notification systems market is segmented as in-building solution, wide-area solution, and distributed recipient solution. In this chapter, readers can find information about key trends in the mass notification systems market and market attractiveness analysis based on solution.
Based on application, the mass notification systems market is segmented as interoperable emergency communication, integrated public alert & warning, business continuity & disaster recovery, and business operation. In this chapter, readers can find information about key trends in the mass notification systems market and market attractiveness analysis based on application.
Based on vertical, the mass notification systems market is segmented as military & defense, government and public sector, industrial, commercial, event & sports venues, critical infrastructures, and others. In this chapter, readers can find information about key trends in the mass notification systems market and market attractiveness analysis based on vertical.
This chapter explains how the mass notification systems market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa
This chapter offers a detailed analysis of the growth of the North America mass notification systems market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends and market growth based on product, solution, application, vertical, and countries in North America.
This chapter provides growth scenario of the mass notification systems market in Latin American countries such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Important growth prospects of the mass notification systems market based on its end users in several countries, such as Germany, the UK, France, Spain, Italy, BENELUX, and the rest of Europe, are included in this chapter.
This chapter provides the growth scenario of the mass notification systems market in Eastern Europe countries such as Russia, Poland, and rest of Eastern Europe.
This chapter highlights the growth of the mass notification systems market in APEJ by focusing on China, India, ASEAN, Australia & New Zealand, and the rest of APEJ. This section also help readers understand key factors that are responsible for the growth of the mass notification systems market in APEJ.
This section also help readers understand key factors that are responsible for the growth of the mass notification systems market in Japan.
This chapter provides information about how the mass notification systems market will grow in major countries in the MEA region, such as GCC Countries, Turkey, Northern Africa, South Africa, and rest of MEA, during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the mass notification systems market, along with their market presence analysis by region and product portfolio.
In this section, readers can find a comprehensive list of all the prominent stakeholders in the mass notification systems market, along with the detailed information about each company, which include the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Eaton Corporation Inc, Honeywell International, Tyco Integrated Security, Bosch Security Systems, Inc., Siemens, Everbridge, Motorola Solutions, BlackBerry, AFA Protective Systems, Alertus Technologies, American Signal Corporation, Assurance Software, Mitel Networks and other key players.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the mass notification systems market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the mass notification systems market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Sales Executives
- Technical Advisor
- Mass Notification Systems Providers
- Integration service Providers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-Term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
Secondary Research
- Company’s white papers
- Annual Reports and Investor Presentations
- Research Papers
- Company Press Release
- Government Websites and Publications
Primary Interview Splits
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