March 28, 2020
Mass Notification System

Mass Notification Systems Market Is Expanding At A CAGR of 19.2% From 2019 To 2027

The global market for mass notification systems was valued at US$ 6.50 billion in 2018 and is set to grow with a CAGR of 19.2% over the forecast period.

The global market for mass notification systems is strongly driven by increasing public safety and security concerns across the globe. Governments and other private organizations across developed and developing countries are looking to improve their response times to provide effective services whenever needed. Prompt responses enable businesses and organizations to maintain their status and customer loyalty. Thus, the adoption of mass notification systems is high in the various business sectors to receive real-time alerts and to provide accurate responses in crisis situations.

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In addition, factors such as the growing need to maintain commercial stability, awareness and adoption of advanced emergency systems and the growing demand for rapid notification or reporting systems are also driving the growth of this market. Moreover, mass notification systems can be available in various formats such as email, SMS, web, and social media which provides various opportunities for the players to improvise their solutions. However, it is expected that the lack of regulatory policies in the various industries, limited awareness and inadequate hardware infrastructure will restrict the growth of this market during the forecast period.

Based on deployment model, the mass notification systems market was segmented into on-premise and cloud based models. The on-premise model dominated the market by holding a market share of more than 60 per cent, but based on technological advancements and cloud-based advantages, cloud-based models are likely to experience exponential growth. Geographically, North America accounted for the largest market share due to the increasing adoption of cloud-based solutions and the increasing advancement of emergency response systems. In North America, the US is a prominent market shareholder and is projected to see a significant increase of over 20.0 per cent over the forecast period.

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Key questions answered in this report

  • What was the market size of mass notification systems in 2018 and forecast up to 2027?
  • Which is the largest regional market for cloud based mass notification systems?
  • What are the major trends followed in mass notification systems market across different regions?
  • Who is the key mass notification systems companies leading the market?
  • What are the key strategies adopted by the leading mass notification systems companies in market? 

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