The global mass notification system market size is expected to reach USD 48.03 billion by 2030 according to a new study by Polaris Market Research. The report “Mass Notification System Market Share, Size, Trends, Industry Analysis Report, By Component (Solutions, Services); By Deployment Mode (Cloud, On-premises); By Application; By Industry Vertical; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The number of factors such as ongoing demand for public safety and security; increased investment in the industry by governments; increased application in the healthcare and lifestyle industry due to the advent of COVID-19; and significant growth in the implementation of employment of IP-based notification devices. In addition, these methods are seeing rapid popularity in schools and college campuses to keep faculty and students safer and more informed.
They help in communication-related to severe weather, active shooter situations, or public health threats. On the other hand, ongoing demand for management of mass communications during emergencies in the energy and utility sector is expected to create lucrative growth opportunities for the market.
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In 2021, the emergency response management segment contributed the largest revenue in 2021 due to the rising demand for emergency management for the reduction and prevention of harmful effects of hazards, including malicious activities, natural disasters, and pandemics. The wide adoption of such methods by local governments to ensure homeland security boosts the growth of the segment.
Market participants such as Alertus, ATI Systems, Blackberry, Blackboard, Eaton, Everbridge, Google, Honeywell, IBM, Johnson Controls, Konexus, Mircom, Motorola Solutions, Omnilert, and Siemens are some of the key players operating in the market. Players in the market are adopting various strategies to develop new mass notification systems, expand their geographical presence, and generate new revenue streams.
For instance, in December 2021, Honeywell launched the Honeywell Transmission Risk Air Monitor, the user-friendly mass notification system that alerts users when the indoor air conditions may present a considerable risk of potentially transmitting airborne viruses in restaurants, schools, and other spaces.
Polaris Market Research has segmented the mass notification system market report on the basis of component, application, deployment mode, industry vertical, and region:
Mass Notification System, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Mass Notification System, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Mass Notification System, Deployment Mode Outlook (Revenue - USD Billion, 2018 - 2030)
Mass Notification System, Industry Vertical Outlook (Revenue - USD Billion, 2018 - 2030)
Mass notification system, Regional Outlook (Revenue - USD Billion, 2018 - 2030)