How Has The Mass Notification System Market Size Evolved In Recent Years?
The mass notification system market has seen considerable growth due to a variety of factors.
• The market size of the mass notification system has experienced a significant expansion in the past few years. It is anticipated to surge from $9.66 billion in 2024 to $10.39 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.
The robust growth during the historical period is due to the powerful economic development in the up-and-coming markets, an increase in the need for public safety and security, escalating crime rates and acts of terrorism, along with widespread acceptance of mass notification systems in hospitals and medical institutions.
What Are The Predictions for The Mass Notification System Market Size In The Coming Years?
The mass notification system market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for mass notification system is poised for robust growth in the forthcoming years, with forecasts suggesting it will reach a value of $14.98 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 9.6%.
This expansion in the prediction period is due to factors such as an increase in online platform utilisation, escalated smartphone usage, burgeoning urbanisation, and a rise in mergers and acquisitions. It will also be driven by significant trends such as heightened demand for cloud-based mass notification systems, proliferation of multi-channel notifications, increased incorporation of technology into these systems, manufacturers of these systems adopting IoT technology, improvements in infrastructure, and geofencing adoption in mass notification systems.
Which Key Drivers Are Propelling Th Mass Notification System Market's Growth?
The surge in smartphone usage is fueling the expansion of the mass notification systems market. A smartphone, a hand-held electronic device, necessitates a link to a cellular network. Mass notification systems distribute one-way communications via email, smartphones, office and residential phones. For example, Uswitch Limited, a UK-based price comparison website, revealed in February 2024 that by 2022, 86% of individuals in the UK were accessing the internet using mobile devices, with almost all younger adults owning a smartphone—98% of those between 16-24 years old. In that year, the total number of active mobile subscriptions in the UK exceeded 83 million. By 2023, it was observed that half of all UK's nine-year-olds possessed their own smartphones. Predictions for 2025 imply that the UK population will hit 68.3 million. Out of these, an estimated 95%-- approximately 65 million people--are expected to be smartphone users, signaling a considerable increase in mobile connectivity.
What Are The Core Segments Of The Globa Mass Notification System Market?
The mass notification system market covered in this report is segmented –
1) By Type: Building, Wide Area, Distributed Recipient
2) By Component: Solutions, Services
3) By Deployment: Cloud, On-Premises
4) By Organization: Large Enterprises, Small And Medium-Sized Enterprises (SMES)
5) By Applications: Emergency Response Management, Business Continuity And Disaster Recovery, Public Alert And Warning, Reporting And Analytics, Other Applications
Subsegments:
1) By Building: Indoor Alert Systems, Intercom Systems, Emergency Communication Systems
2) By Wide Area: Outdoor Siren Systems, Community Alert Systems, Emergency Alert Radio Systems
3) By Distributed Recipient: Mobile Notification Systems, Email And SMS Notification Systems, Social Media Notification Systems
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Which Emerging Trends Are Reshaping The Mass Notification System Market Size?
Technological progress is significantly influencing the mass notification systems market. Numerous businesses are embracing cutting-edge technologies to offer improved products to their clientele. For instance, in June 2023, Crisis24 which is a risk management association based in Canada and part of GardaWorld, unveiled TopoONE. It is a sophisticated mass notification system for critical event management platforms. This innovative system elevates the platform's capability to distribute data effectively during critical incidents or emergencies. Using sophisticated communication tools, the mass notification system enables firms to broadcast real-time warnings, assuring prompt and precise relay of crucial information to the relevant parties, such as employees, customers, and other essential groups.
Who Are the Key Players in the Mass Notification System Market?
Major companies operating in the mass notification system market include:
• Everbridge Inc.
• BlackBerry Limited
• Balckboard Inc.
• Alertus Technologies LLC
• Singlewire Software LLC
• Atlassian
• SK Telecom
• Netpresenter
• Bosch Limited
• Transputec Ltd
• Alert Cascade Limited
• CALLMY
• HARMAN
• Klipsch Group Inc
• IBM
• Rave Mobile Safety
• American Signal Corporation (ASC)
• ATI Systems
• Alertmedi
• Crisisgo
• Omnilert
• Ruvna
• Mircom
• Omingo
• Onsolve
• Voyent Alert
• Squadcast
• Cosafe Technology
• Athoc Inc
• Cooper Industries
• Regroup Mass Notification
• Redflag
• Wonderpush
• KONEXUS
• Crises Control.
What are the Regional Insights into the Mass Notification System Market?
North America was the largest region in the mass notification system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mass notification system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
