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. 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.
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A recent market study published by Future Market Insights on the mass notification systems market includes global industry analysis for 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the Mass Notification Systems market, the growth prospects of the market are obtained with maximum precision.
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
For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-1357
FAQs Answered in Report
- What is the global Mass Notification Systems market size?
The global mass notification systems market was valued at US$ 7.6 Bn in 2020, and is estimated to surge over the next ten years.
- Which region is expected to showcase significant growth in the Mass Notification Systems industry?
The market in South Asia & Pacific is projected to expand at the highest CAGR of 26.0% through 2031.
- Which is the most attractive component of Mass Notification Systems?
Mass notification systems emergency notification platform is the most attractive segment, with an estimated market share of 43.2%. However, demand for mass notification systems services segment is estimated to surge at a CAGR of 22.2%.
- What is the market share of leading companies offering Mass Notification Systems?
Eaton Corporation Inc. is one of the leading companies in this space. 60.0% of market share is currently covered by the top 15 players.
- In which industries are mass notification systems highly integrated?
The critical infrastructures sector is expected to dominate the market generating revenue of US$ 12.2 Bn by 2031, owing to increasing demand for mass notification solutions in manufacturing and energy sectors.
- What is the sales forecast for Mass Notification Systems?
The market size of mass notification systems is expected to be valued at US$ 48.0 Bn by 2031.
- At what rate did the sales of Mass Notification Systems increase in the last five years?
The market in the last 5 years (2016 – 2020) expanded at a CAGR of 14.9%.
- What are the key trends impacting growth of Mass Notification Systems?
The use of social media and advanced IP & broadband communication technologies, along with the emergence of connected safety solutions are some major coming trends in the mass notification systems market.
- Which are the top 5 countries driving demand for Mass Notification Systems?
Top 5 countries driving demand for Mass Notification Systems include the U.S., China, India, Germany, and France.
- What is the North America market outlook for Mass Notification Systems?
North America is the most attractive market, with the U.S. expected to account for 85.5% share in 2021.
- What are the key market statistics for China and India in Mass Notification Systems?
China and India were valued at US$ 641.1 Mn and US$ 334.9 Mn, respectively, in 2020, and are projected to surge at CAGRs of 19.7% and 29.9% through 2031.