Rise in concerns for public safety & security and an increase in implementation of Ip-based notification devices across the globe drive the growth of the mass notification system market. In addition, extensive demand for mass notification system across various industry verticals fuels the growth of the market. However, stringent rules and privacy regulations across the globe hampers the growth of the market. Furthermore, rise in demand for cloud-based mass notifications systems across different industry verticals is expected to provide major opportunities for the growth of the mass notification system market during the forecast period.
The global mass notifications systems market is segmented on the basis of component, deployment mode, organization size, type, industry vertical, and region. In terms of component, it is bifurcated into software and services. In terms of deployment mode, the market is divided into on-premise and cloud. As per organization size, it is bifurcated into large enterprises and small & medium enterprises. In terms of type, the market is categorized into strategic in-building solutions, wide-area solutions, and distributed recipient solutions. Based on industry vertical, it is classified into BFSI, energy & utilities, education, healthcare, government & defense, transportation & logistics and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the mass notifications systems market analysis are IBM Corporation, Honeywell International Inc., Siemens AG, Johnson Controls, Eaton Corporation, OnSolve (Ecn+ Mir3+ Sendwordnow), NetApp Inc., Everbridge Inc., Metis Secure Solutions, and xMatters Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key benefits for stakeholders
- The study provides an in-depth analysis of the global mass notification system market along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global mass notification system market from 2019 to 2026 is provided to determine the market potential.
Key market segments
By Component
- Solution
- Service
By Deployment Mode
- On-Premise
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Type
- In-Building Solutions
- Wide-Area Solutions
- Distributed Recipient Solutions
By Industry vertical
- BFSI
- Energy & Utilities
- Education
- Healthcare
- Government & Defense
- Transportation & Logistics
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- IBM Corporation
- Honeywell International Inc.
- Siemens AG
- Johnson Controls
- Eaton Corporation
- OnSolve (Ecn+ Mir3+ Sendwordnow)
- NetApp Inc
- Everbridge Inc.
- Metis Secure Solutions
- xMatters Inc.
Table of Contents
Executive Summary
According to the report titled, 'Mass Notification System Market by Component, Deployment Model, Organization Size, Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global market was valued at $8.05billion in 2018, and the mass notification system market forecast is projected to reach $35.23 billion by 2026, growing at a CAGR of 20.30% from 2019 to 2026.Mass notification system is a platform that delivers the notifications to an individual or group of people using their locations and visual intelligence. The primary goal of mass notification systems is to identify emergency and non-emergency situations in an organization for improving safety and security of the company. Numerous benefits, such as faster incident resolution and recovery by allowing the initiator to send messages to thous ands of people in minimal time are some of the factors that boost the growth of the market. Many organizations are adopting this solution for various benefits such as better compliance tracking, improving employee safety and an increase in customer satisfaction, which provides lucrative opportunity for the market growth.
The in-building solutions segment dominated the mass notification system industry in 2018 and is projected to maintain its dominance during the forecast period, owing to an increase in adoption of in-building solution in residential and commercial centers. Furthermore, the wide area solution segment is expected to grow at a significant CAGR during the forecast period, owing toits numerous benefits such as providing high speed of data transmission, cheap installation, and maintenance cost.
The government & public sector dominated the mass notification system market in 2018 and is projected to maintain its dominance during the forecast period, owing to the adoption of mass notification system technology among various governments across the globe for public safety and protection of large segment of population. Furthermore, the transport & logistics sector is expected to grow at a significant CAGR during the forecast period, owing to the adoption of mass notification system technology among the transportation & logistics industry for reducing the number of accidents on road.
By region, the global mass notification system market was dominated by North America in 2018 and is expected to maintain this trend during the forecast period. The major factors driving the growth of the market in this region include increase in implementation of cloud, AI and machine learning solutions among the enterprises, and a rise in internet users in the U.S. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to technological advancements across different industry verticals and numerous government initiatives for public safety and security.
According to Pramod Borasi, Research Analyst, ICT, “The transportation & logistics sector is expected to witness significant growth in the upcoming years, owing to reduce rising threats such as plane hijacks, terror activities, smuggling and to identify weather related situations.”
KEY FINDINGS OF THE STUDY
- By component, the solution segment led the mass notification system market size in terms of revenue in 2018.
- By deployment model, the cloud segment accounted for the highest mass notification system market share in 2018.
- By industry vertical, the transportation segment accounted for the highest mass notification system market share in 2018.
- By region, North America generated the highest revenue in 2018.
The report analyses the profiles of key players operating in the market IBM Corporation, Oracle Corporation, SAS institute, Tibco Software, Hitachi Vantara, Teradata Corporation, Alteryx, Impetus, Trifacta Software Inc., and Paxata Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- IBM Corporation
- Oracle Corporation
- SAS institute
- Tibco Software
- Hitachi Vantara
- Teradata Corporation
- Alteryx
- Impetus
- Trifacta Software Inc.
- Paxata Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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