DUBLIN–(BUSINESS WIRE)–The “Mass Notification System Market Size, Share, & Trends Analysis Report by Component, by Enterprise Size, by Solution, by Application, by End Use, by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The global mass notification system market size is expected to reach USD 46.96 billion by 2030, growing at a CAGR of 20.8% from 2022 to 2030.
Companies Mentioned
- Blackberry Limited
- Blackboard Inc.
- Desktop Alert, Inc.
- Eaton
- Everbridge
- Honeywell International Inc.
- Motorola Solutions, Inc.
- Onsolve
- Singlewire Software, LLC
- Xmatters
The market growth can be attributed to the increasing demand for real-time information and instructions to users during emergencies. These systems offer front-line communication technology which notifies people about possible safety measures in case of danger and guides them accordingly. Over the next decade, the market is expected to be ubiquitous across its ecosystem and is expected to witness traction in its adoption across all geographies.
The mass notification system provides several benefits such as faster incident resolution and recovery by allowing the initiator to send messages to thousands of people within a minute. These systems are extremely helpful in coordinating with masses during relief and rescue operations. Mass notification systems facilitate robust analytics, distributed contact data, flexible group management, language localization, various options for contact data management, and a globalized approach to optimize voice and SMS routing. It also helps in improving productivity and efficiency by reducing the time to notify users and automating manual activities and processes. These benefits are driving the growth of the market.
Several large and small enterprises have adopted mass notification systems to mitigate and manage risks. These systems help notify personnel beforehand, which helps avoid damages & related costs and increase Return of Investment (ROI). Furthermore, the integration of voice and digital communication and combination of reporting & analytics, and cross-promotion of content with the agencies to enhance engagement & outreach, are the key traction of the market. Thus they are gaining popularity across enterprises for their usage due to their distinctive features of business continuity management in case of emergency and calamity.
Mass Notification System Market Report Highlights
- The hardware segment accounts for the largest market share of over 65% in 2021. The segment growth can be attributed to the increasing adoption of managed notification systems across hospitals and medical facilities and the growing implementation of IP-based notification devices, which encourage market vendors to partner with notification hardware providers to offer a seamless experience of mass notification systems within end-users’ existing infrastructure.
- The large enterprises segment accounts for the largest market share of over 65% in 2021. Large enterprises have a more complex IT infrastructure and offer robust integration, training, and support services related to hardware and software. These capabilities will supplement the segment’s growth during the forecast period.
- The distributed recipient solutions segment is anticipated to witness a significant growth of a CAGR of 21.6% during the forecast period. It is due to multiple benefits, such as it automatically distributes notifications when an emergency occurs at a facility and also provides comprehensible voice communications and visible signals at a greater range.
- The Business Continuity and Disaster Recovery (BCDR) segment accounts for the largest market share of over 60% in 2021. BCDR policies allow a company to quickly recover from a disaster, lower the risk of data loss and reputational damage, and improve processes while reducing the likelihood of an emergency. Thus, BCDR is an essential application for the corporate sector and other official industries to mitigate risks daily, increasing demand. This will supplement the growth of the segment during the forecast period.
- The education segment accounts for the largest market share of over 20% in 2021. The segment growth can be attributed to the increasing adoption of mass notification systems to handle any emergency on the campus and alert students, faculty, and staff in any scenario with speed and ease, and manage the situation with responses and reporting.
- North America regional market is expected to reach USD 14,087.3 million by 2030. The regional growth can be attributed to the rising demand for systems capable of facilitating communication with the workforce more securely and effectively across several industries.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Mass Notification System Market: Industry Outlook
3.1 Penetration & Growth Prospect Mapping
3.2 Mass Notification System Market Variable Analysis
3.2.1 Market Driver Analysis
3.2.2 Market Restraint/Challenge Analysis
3.3 Value Chain Analysis
3.4 Market Analysis Tools
3.4.1 Mass Notification System Industry Analysis – Porter’s
3.4.2 Mass Notification System Industry Analysis – PEST
3.5 Impact of COVID on Mass Notification System Market
Chapter 4. Mass Notification System Market: Component Segment Analysis
Chapter 5. Mass Notification System Market: Enterprise-size Segment Analysis
Chapter 6. Mass Notification System Market: Solution Segment Analysis
Chapter 7. Mass Notification System Market: Application Segment Analysis
Chapter 8. Mass Notification System Market: End-Use Segment Analysis
Chapter 9. Mass Notification System Market: Region Segment Analysis
Chapter 10. Competitive Analysis
10.1 Recent Developments and Impact Analysis, by Key Market Participants
10.2 Company/Competition Categorization
10.3 Vendor Landscape
10.3.1 Mass Notification System Market: Key Company Market Ranking/Share Analysis, 2021
Chapter 11. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/oqyh5n
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