Mass Notification Systems Market : Global Demand Analysis & Opportunity Outlook 2024

Mass notification system Market Overview

A mass notification system is a platform that is used to alert people during an emergency situation. A mass notification system sends one way massages to inform employees and the public of an emergency. Mass notification systems are lifesaving tools, when a disaster or emergency strikes.

Market Size and Forecast

Global mass notification system market reached USD 4,717.7 Million in 2016 and is expected to thrive at a CAGR of 22.9% over the forecast period i.e. 2017-2024. Moreover, the growth of mass notification system market can be attributed to a number of factors such as rising concerns among governments towards public safety, broadcasting of events and disasters among the masses over the forecast period. Rising industrialization across the globe and swelled labor’s safety concerns have substantially raised the need of notifications and alert systems to alert the employees in cases of emergency situations. Further, enhancements in the mass notification alert system are likely to strengthen the growth of global mass notification system market over the forecast period.

In terms of regions, the global mass notification system market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa regions. Among these regions, North America is slated to account for a leading share of 46.9% in the terms of size by 2024 in the mass notification system market. The growth in the region is anticipated to be fostered by the rapid increase in the urbanization. Besides, occurrence of natural disaster in this region will increase the demand of mass notification system in the market. This factor is also expected to impel the growth of mass notification system market in the North America. U.S. and Canada are the prominent markets in the region.

Apart from North America region, Asia-Pacific is expected to showcase lucrative growth over the forecast period i.e. 2017-2024 by registering a CAGR of 26.3% over the forecast period. Factor such as rising industrialization and growing adoption of mass notification system in oil and gas, higher education, military, government, healthcare, and commercial applications across the region are believed to contribute significantly in the growth of Asia Pacific mass notification system market during the forecast period. Further, increasing adoption of mass notification system for emergency alert and management in countries such as Australia is anticipated to drive the growth of the mass notification system market in the Asia Pacific region. Global mass notification system market is segmented on the basis of application into interoperable emergency communication, integrated public alert and warning and business continuity and disaster recovery. Among these segments, business continuity and disaster recovery segment with market share of 37.9%, occupied the largest market share of mass notification system across the globe in 2016. Global mass notification system market is segmented on the basis of end user into healthcare, government, education sector, automotive, defense, energy & power, BFSI, transportation & logistics and others. Further, energy & power sector mass notification system segment is expected to observe a growth rate of 4.0x over the forecast period. Energy and power sector is adopting mass notification system to avoid any human loss in case of any hazards such as fire, natural disasters or other technological hazards.    

Market Segmentation

Our in-depth analysis has segmented global mass notification system market into the following segments:

By Offering

• Hardware
  • LED Displays & System
    • Desktop Systems Notification 
    • VoIP & IP Phone Notification
    • Digital Signage and TV Systems
    • LED Marquee
  • Giant Voice
  • Speakers
    • Indoor Speakers
    • Outdoor Speakers
  • Beacons
  • Fire Panel
  • Emergency Buttons
  • Others
• Software
  • Mobile App Suite
  • Desktop Notification Software
  • Other Devices Integration Software
• Services
  • Installation and Integration Services
  • Maintenance Services
  • Consulting Services

By Application

• Interoperable Emergency Communication
• Integrated Public Alert and Warning
• Business Continuity and Disaster Recovery

By Solution

• In-building Solutions
• Wide-area Solutions
• Distributed Recipient

By Deployment

• On-Premises
• Hosted

By End-User

• Healthcare
• Government Institutions
• Education Sector
• Automotive
• Defense
• Energy & Power
• BFSI
• Transportation & Logistics
• Others

By Region

Global mass notification system market is further classified on the basis of region as follows:

• North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
• Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
• Europe (U.K., Germany, Turkey, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Malaysia Australia, New Zealand, South Korea & Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
• Middle East and North Africa (GCC, Israel, North Africa, South Africa & Rest of Middle East) Market Size and Y-O-Y Growth Analysis

Growth Drivers & Challenges

The occurrence of natural disasters such as earthquake, storm, flood and drought has been a key reason which has been fuelling the fatality rate across the globe. Natural disasters or hazards are fuelling the death and injury rates across the globe. Additionally, such natural hazards also impacting a country’s financial performance and also adversely impacting numerous business sectors. Further, total economic cost of damages as a result of global natural disasters has led government and other business sectors to adopt solutions that can help them in disaster planning and preparedness in order to reduce the total damage which might be caused due to disaster.

Recent terrorist attacks in France and other countries have fuelled the demand for emergency alert systems such as mass notification system. Government and defense sectors are aggressively adopting mass notification system to minimize the damage and life loss when an attack takes place. Further, university campuses, K-12 schools, hospitals, offices, government facilities, and large venues are adopting mass notification systems to increase their safety levels. However, high initial cost of investment coupled with high cost of equipment and support services are some of the major factors hindering the growth of mass notification systems market globally.

Key Players

• IBAM Systems LLC
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis
• Samara Security & Safety Systems
• Honeywell International Inc.
• Shamrad Electronics Ltd.
• Evigilo
• Others Notable Players

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global mass notification system market is segmented as follows:

• By Offering Market Size & Y-O-Y Growth Analysis
• By  Application Size & Y-O-Y Growth Analysis
• By Solution Market Size & Y-O-Y Growth Analysis
• By Deployment Market Size & Y-O-Y Growth Analysis
• By End-User Market Size & Y-O-Y Growth Analysis
• By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment