As per the a revised market research by Future Market Insights (FMI), the global mass notification systems market reached a valuation of around US$ 7.6 Bn in 2020, and is anticipated to surge at a CAGR of 18.5% over the next ten years.
The proliferation of smartphones and the accessibility of Internet across the globe have improved the mass notification systems, catapulting it as an incredibly powerful, efficient and flexible business tool.
With the help of smartphones and Internet, it is now possible to communicate with any number of people, irrespective of their location.
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According to the report, factors such as increasing adoption of wireless emergency alert system and proliferation of smartphones across the globe are projected to drive growth of the mass notification systems market.
Key Takeaways from Market Study
- The South Asia & Pacific market is expected to offer lucrative growth opportunities due to growing industrialization and increasing frequency and natural disasters in the region.
- Growing trend of cost-effective mass notification systems along with technological advancements are creating growth opportunities for component manufacturer and providers.
- The market in the U.S. is projected to expand at a CAGR of 13.2% through 2031.
- Germany will emerge as a highly lucrative market for sales. Demand in Germany has been forecast to rise at around 16.0% CAGR through 2031.
- Market growth in China, Japan, and India is expected to be much higher, at around 19.7%, 23.9%, and 29.9%, respectively.
Impact of COVID-19 on Mass Notification Systems Market
The COVID-19 pandemic outbreak has disrupted many industries, including the mass notification systems market. Mass notification systems are installed to alert people about prospective exposure, without triggering panic.
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The demand for mass notification systems solutions and devices such as in-building mass notification systems, wide-area mass notification systems, distributed recipient mass notification systems and IP-based notification devices however increased during the lockdown resulted by COVID-19 outbreak. This created opportunities for the market growth.
Mass notification systems market is expected to grow by 2.0X from 2020-2021 and would see a surge in demand amid the COVID-19 outbreak, as IP-based notification devices among various businesses, becomes the new norm.
More Valuable Insights on Mass notification systems Market
A new market research report published by Future Market Insights (FMI) on the global mass notification systems market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031.
The report provides valuable insights on the basis of component (hardware (fire alarms, public address systems, alert beacons, duress systems, others) emergency notification platform, services (installation & deployment, support & maintenance, warning system designing, emergency response services)), solution (in-building mass notification systems, wide-area mass notification systems, distributed recipient mass notification systems), and across six major regions.
Mass Notification Systems Industry Survey by Category
By Component:
- Mass Notification Systems Hardware
- Emergency Notification Platform
- Mass Notification Systems Services
By Solution:
- In-Building Mass Notification Systems
- Wide-Area Mass Notification Systems
- Distributed Recipient Mass Notification Systems
By Application:
- Emergency & Crisis Notification
- Business Continuity and Disaster Recovery
- Business Communication & Operations
- Others
By Industry:
- Military & Defense
- Government & Public Sector
- Industrial
- Commercial
- Event & Sports Venues
- Critical Infrastructures
- Others
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