Mass notification system can be defined as a platform which sends one way messages to employees and other people in case of an emergency. The system also improves security & safety of an organization by providing real time instruction in case of crisis.
The factors contributing to the growth of the mass notification system market are increasing awareness of mass notification system by various businesses, growing implementation of IP-based notification devices, helps individuals to prepare during an emergency or crisis and the increasing adoption of BYOD devices. Furthermore, factors such as increasing collaborations and partnerships, increasing cloud based deployment and technological advancements are expected to boost the overall growth of the market. However, issues related to privacy and other rules & regulations related to the product are hampering the growth of the mass notification system market
The mass notification system market helps to send information to employees or individuals during a case of an emergency. The information is generally send through voice communications or visible signals. The increasing penetration of internet of things, growing awareness of safety measures, high implementation of mass notification system across various sectors and the growing concern for public safety are the factors boosting the growth of the mass notification system market. However, security and privacy issues are the factors hindering the growth of the market. The market is expected to show high growth rate over the forecast period, 2017-2023.
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Major Key Players
Eaton Corporation (Ireland),
Airbus DS Communications, Inc. (US),
Honeywell International, Inc. (US),
BlackBerry AtHoc, Inc. (US),
Blackboard, Inc. (US),
Siemens AG (Germany),
Desktop Alert, Inc. (US),
Everbridge, Inc. (US),
Omnilert LLC (US),
Singlewire Software, LLC (US),
xMatters, Inc. (US)
The global Mass Notification System Market is expected to reach approximately USD 12 billion by the end of 2023 with 17% CAGR during forecast period 2017-2023.
According to Market Research Future, market has been segmented into component, deployment, organization size, end-users and region.
On the basis of organization size, the market can be segmented into large, medium, small. Out of these large enterprises accounted for the largest market share majorly due to the presence of large number of companies in the North-American region. Furthermore, small and medium sized enterprises expected to grow over the forecast period.
On the basis of application, the market has been bifurcated into business continuity, business communications, integrated public alert and warning, disaster recovery and emergency communication among others. Out of these, business continuity and disaster recovery accounted for the largest market share. The reason is attributed to the increasing awareness to facilitate disaster recovery in case of emergencies. Furthermore, emergency communications and integrated public alert are expected to grow over the forecast period, 2017-2023.
On the basis of region, the market has been segmented into North-America, Europe, Asia-Pacific and Rest of the world. Asia-Pacific region dominated the lighting control system market.
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Regionally, North-America accounted for the largest market share majorly due to increasing awareness about safety, increasing demand for security solutions, high dissemination of mobile technologies, increasing development and adoption of various technologies and the presence of various companies. However, Asia-Pacific region is expected to grow over the forecast period majorly due to high adoption of new technological solutions.
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