Press release
Global Mass Notification System Market Overview: Forecasted Market Size and Growth Rate
As per The Business Research Company's Mass Notification System Opportunities And Strategies Market Report 2023, the global mass notification system market size reached a value of nearly $3,938.1 million in 2021, having increased at a compound annual growth rate (CAGR) of 14.3% since 2016. The market is expected to grow from $7,666.9 million in 2021 to $11,625.6 million in 2026 at a rate of 8.7%. The global mass notification system market size is then expected to grow at a CAGR of 8.0% from 2026 and reach $ 17,064.3 million in 2031.The surge in the usage of online platforms for mass notification systems is contributing to the growth of the mass notification system market. In any organization, buildings, cities or regions, there are many devices and systems installed to help keep people safe and informed during an emergency.
The increase in availability of online platforms will contribute to the growth of the market.
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Cloud-based deployment is expected to contribute to the growth of the emergency notification systems market due to various benefits such as ease of deployment and low capital requirements. Also, cloud-based systems enable businesses to increase employee productivity while reducing operating expenditures.
They are designed to be the most robust and reliable in the industry. It provides you with the tools you need to save lives, property and continuity of business and allows instant alerting to large groups of recipients when a crisis occurs. They help accelerate the transmission of critical alerts and reduce the margin for human error by automating your emergency notification process, and issue evacuation orders or instruct people to shelter-in-place, automatically, without any human intervention.
The top opportunities in the mass notification system market segmented by type will arise in the in-building segment, which will gain $2,444.7 millions of global annual sales by 2026. The top opportunities in segment by application will arise in the business continuity and disaster recovery segment, which will gain $ 1,946.0 millions of global annual sales by 2026. The top opportunities in segment by component will arise in the solutions, which will gain $2,770.1 millions of global annual sales by 2026. The top opportunities in segment by deployment mode will arise in the on premise, which will gain $3,031.9 millions of global annual sales by 2026. The top opportunities in segment by organization size will arise in the large enterprises, which will gain $2,602.3 millions of global annual sales by 2026. The mass notification system market size will gain the most in the USA at $1,277.9 million.
Mass Notification System Market Segmentation:
The mass notification system market is segmented by type, by component, by deployment, by organization and by application.
By Type -
a) In-Building
b) Wide Area
c) Distributed Recipient
By Component -
a) Solutions
b) Services
By Deployment -
a) Cloud
b) On-Premises
By Organization -
a) Large Enterprises
b) Small And Medium-Sized Enterprises (Smes).
By Applications -
a) Emergency Response Management
b) Business Continuity And Disaster Recovery
c) Public Alert
d) Warning
e) Reporting And Analytics
f) Other Applications
Major players in the mass notification system market include Siemens AG, Johnson Controls Inc. S.A., Honeywell International Inc., Eaton Corporation Plc, Motorola Solutions Inc.
The regions covered in the global mass notification system market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Mass Notification System Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Mass Notification System Market Report Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
……
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Mass Notification System Conclusions And Recommendations
22. Appendix
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