Mass Notification System Market Size, Share, Growth Analysis, By Component(Hardware, Software), By Applications(Critical Event Management, Public Safety and Warning) - Industry Forecast 2024-2031

Mass Notification System Market size was valued at USD 10.40 billion in 2022 and is poised to grow from USD 12.72 billion in 2023 to USD 63.85 billion by 2030, at a CAGR of 22.34% during the forecast period (2024-2031).

For the purpose of improving their internal procedures and fostering growth, market companies spend money on research and development. Partnerships, mergers, and acquisitions are common strategies used by businesses to enhance their offerings and gain a competitive edge. With great success, businesses are creating new products and enhancing existing ones in an effort to gain more customers and market share. 'Everbridge (United States)', 'Blackboard Inc. (United States)', 'Singlewire Software (United States)', 'Rave Mobile Safety (United States)', 'Alertus Technologies (United States)', 'OnSolve (United States)', 'Honeywell International Inc. (United States)', 'Eaton Corporation (Ireland)', 'Siemens AG (Germany)', 'Desktop Alert Inc. (United States)', 'IBM Corporation (United States)', 'Motorola Solutions, Inc. (United States)', 'BlackBerry AtHoc (United States)', 'xMatters, Inc. (United States)', 'Regroup Mass Notification (United States)', 'ONSOLVE LLC (United States)', 'Johnson Controls International plc (Ireland)', 'Mir3, Inc. (United States)', 'AlertFind (Rimini Street, Inc.) (United States)', 'XMatters Inc. (Canada)', 'Adobe Inc. (United States)', 'Vodafone Group (United Kingdom)'

Through the use of IP-enabled devices, MNS providers are now able to offer safety and security solutions. IP-based notification equipment has been quickly adopted and integrated by a variety of enterprises, including those in the education and healthcare sectors. IP-based notification systems use the already-existing IP network to send targeted and personalized notifications to specific individuals or groups of people using Personal Computers (PCs), mobile devices, cellphones, big voice systems, and other IP-enabled devices. Through a single web-based unified console, these IP-based notification devices are managed, allowing the operator to efficiently initiate, manage, monitor, and regulate notification operations across communication channels.

The increasing globalization and urbanization trends have led to the concentration of populations in cities and urban areas. As a result, the need for effective communication systems to reach a large number of people in densely populated areas becomes crucial. Mass notification systems offer a scalable solution to address this requirement, contributing to the market growth.

In 2022, North America held a significant market share, contributing more than 36% of the worldwide revenue. As a result, stringent safety and security measures have been put in place, including effective monitoring, security, and emergency alarm systems. These programmes will offer the possibility of mass notification systems in the area during the projection timeframe.