Mass Notification Systems Market: Explosive Growth Predicted, Valuation to Reach $68.8 Billion by 2033

The Mass Notification Systems Market, as reported by Future Market Insights (FMI), is poised for remarkable expansion. In 2023, market revenue is projected to reach an impressive US$ 12.3 billion, demonstrating a robust Compound Annual Growth Rate (CAGR) of 18.7% from 2023 to 2033. This trajectory is set to propel the market valuation beyond US$ 68.8 billion by 2033.

Mass notification systems are intended to communicate real-time information regarding emergencies, including fire, terrorist activities, chemical spills, biological events or natural disasters with residents/peoples and alert them about what to do in response to a threat or emergency. These systems are classified as in-building, wide-area, and distributed recipient systems.

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Competitive Landscape

According to the Future Market Insights (FMI)'s industry analysis, Everbridge, IBM Corporation, Omnilert, LLC, Eaton Corporation, Honeywell International Inc., Siemens AG, and American Signal Corporation are identified as key providers and manufacturer of mass notification systems.

The Key players focuses to form new partnership & collaboration to leverage Artificial Intelligence to further advance into the next generation of mass notification systems technology solutions. This strategy can help mass notifications systems companies to serve business customers around the globe by providing mass notification platform and services to make buildings smart, safe, and sustainable.

For instance, in May 2018, Johnson Controls and Foxconn Industrial Internet collaborated to transform building data analytics through artificial intelligence and machine learning to advance smart building and smart-city technologies and achieve security and sustainability goals.

The mass notification systems manufacturer and providers are focuses on launching innovative solution and expanding its mass notification systems offerings to deliver enhanced technology as well as offer new and upgraded solutions in new markets.

For instance, in March 2018, Honeywell is expanding its line of Fire-Lite addressable fire alarm control panels to give safety professionals more options for designing small to medium-sized fire systems.

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Key Companies Profiled

Eaton Corporation Inc.
Honeywell International Inc.
Johnson Controls
Bosch Limited
Siemens
Everbridge
Motorola Solutions, Inc.
AtHoc, Inc.
AFA Protective Systems, Inc.
Alertus Technologies, LLC
American Signal Corporation

Mass Notification Systems Industry Survey by Category

By Component:

Mass Notification Systems Hardware
Fire Alarms
 Public Address Systems
 Alert Beacons
 Duress Systems
 Others
Emergency Notification Platform
Mass Notification Systems Services
Installation & Deployment
 Support & Maintenance
 Warning System Designing
 Emergency Response 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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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.