The global Mass Notification Systems Market is estimated to be valued at US$ 5,990.7 Mn in 2023 and is expected to exhibit a CAGR Of 9.8% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Mass Notification Systems refers to any system designed to quickly transmit information about emergency situations to many recipients at once via several communication modes like SMS, email, voice, social media etc. These solutions ensure seamless transmission of alerts and warnings to both internal and external stakeholders in a timely manner in the event of emergencies like natural disasters, industrial accidents, cyberattacks etc.
Market key trends:
One of the key trends in the Mass Notification Systems market is the growing adoption of cloud-based deployment model. The cloud-based model offers benefits like lower upfront costs, scalability, continuous updates, remote accessibility etc. which is fueling its demand among organizations. With increasing digitization, more companies are opting for cloud-hosted mass notification solutions to gain access to emergency alerting features from any device with an internet connection. This flexibility of operations is driving the cloud segment in the market.
Segment Analysis
The global mass notification systems market is segmented into solution type, deployment, application, industry vertical, and region. Based on solution type, the market is categorized into in-building solutions, distributed recipient solutions, and emergency/mass notification software. In-Building solutions segment dominated the market in 2022 due to stringent government regulations for emergency preparedness and growing need for safety and security in businesses.
Key Takeaways
The Global Mass Notification Systems Market Demand is expected to witness high growth, exhibiting a CAGR of 9.8% over the forecast period, due to increasing cyber threats and regulatory compliances for disaster preparedness.
Regional analysis:
North America dominated the market share in 2022 due to early adoption of advanced technologies and strong government focus on public safety in the US and Canada. The Asia Pacific region is expected to grow at the fastest rate due to rapid infrastructural development and growing awareness about emergency preparedness in China, India, and other developing nations.
Key players:
Key players operating in the mass notification systems market are AtHoc, Inc.€“(BlackBerry Limited), F24 AG, Eaton Corporation plc, xMatters, Inc., Honeywell International, Inc., Omnilert, LLC ̧ IBM Corporation, Mir3, Inc., Siemens AG, Metis Secure Solutions, LLC, and Everbridge, Inc. AtHoc and F24 lead the market due to their technologically advanced solutions and global presence. With increasing demand, new players are also expected to enter the market.
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