According to the recent business intelligence report by Future Market Insights, the global market for mass notification systems was valued at US$ 3.2 Bn in 2019, and is expected to grow at a noticeable CAGR during 2029-2029.
According to the recent business intelligence report by Future Market Insights (FMI), the global market for mass notification systems was valued at US$ 3.2 Bn in 2019, and is expected to grow at a noticeable CAGR during 2029-2029. Increasing execution of Interpol Protocol (IP)-based notification devices coupled with growing concerns for public safety & security are some of the factors contributing to growth of the mass notification systems (MNS) market. It uses an interactive and simple dashboard to notify its users and enables better management of incidents.
Adoption of MNS at Workplace Improves Employee Safety
A robust safety program depend on decent communication. For large organizations, there are several facets to monitor and it can be difficult without utilizing the right tools in place. MNS play vital role in helping to make it easier for enterprises to manage and implement their safety programs successfully. Recently, William & Marry, an institution of higher learning, developed its emergency warning and mass notification systems that communicates through RAVE. It allows the institute to send automated notifications via mobile phone, text, and e-mails along with Alertus on computer and emergency sirens on campus. The company is planning to test the system in an organization premise to understand its impact on the employees.
“With the growing usage of internet and smartphones, the development of mobile-based MNS application will continue to be the paramount area for growth of the market players,” says FMI analyst.
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Implementation for Emergency Notification Platform to Rise Up
In recent times, the demand for various electronic products such as strobe lights, siren, and speakers is increasing. Easy proliferation of emergency alerts through these products with clear and concise voice communication have resulted in huge deployment of the hardware MNS. However, need for emergency notification platform is poised to exceed that of hardware by 2021. An increase in need for message prioritization in flood-prone areas and high earthquakes and swift notification deliveries is projected to further lift demand for emergency notification platform.
Adoption of MNS in Commercial Sector Holds 23% of Total Revenue Share
Deployment for MNS in the commercial vertical held foremost share of the total market value in 2019. Adoption of MNS in restaurants, shopping complexes, and movie theaters is on a substantial rise, as it is particularly designed to warn and inform the masses about the potentials of accidents. However, by 2029, the rate of deployment in industrial landscape is projected to surpass that of commercial sector. In addition, demand in critical infrastructures is poised to encourage the growth strategies, as this sector is more vulnerable to cyber-attacks and data breach.
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North America to Record Reasonably High Sales
North America accounted for 50% of the deployment of mass notification systems in 2019. Rise in the occurrence of the 9/11 terrorist attack in the U.S. and shootouts at school campuses have influenced government to quicken the process related to the installation and management of MNS in industrial enterprises, defense, and public sector. On the contrary, adoption of MNS in Latin America is projected to increase at a highly noteworthy CAGR of 25% over the forecast period, owing to the rapid proliferation of smartphones. Additionally, APEJ’s market consolidation continues to be a major focus of the players, due to the increasing relationship of telecommunication, IT, and other new technologies.
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