Mass Notification System Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

The global mass notification system market is anticipated to reach USD XX,XXX.X million by 2030 from USD XX,XXX.X million in 2021, at a CAGR of X.X% during the forecast period. The growth of market can be attributed to growing demand for public safety and security, the rising implementation of Internet Protocol (IP)-based notification devices, and the high adoption of mass notification system in hospitals and medical facilities. Rising demand among energy and utilities firms to effectively manage mass communication during emergencies and the growing demand for cloud-based systems for better scalability are believed to impetus the growth of market during forecast period.

SEGMENTATION ANALYSIS

On the basis of component, the mass notification system market is segmented into solutions & services. The mass notification system solutions segment captured XX% market share in 2021.

On the basis of type, the mass notification system market is segmented into in-building, wide area and distributed recipient. The in-building segment captured the largest share of the global mass notification system market in 2021.

On the basis of vertical, the mass notification system market is segmented into education, energy and utilities, government and defence, healthcare and life sciences, IT and telecom, media and entertainments, transportation and logistics, and other verticals. The transportation and logistics segment is anticipated to grow at the highest CAGR during the forecast period.

REGIONAL OUTLOOK:

In 2021, North America captured a market share of XX.X% of the mass notification system market. Strong regulations and taken initiatives for managing emergency situations and incidence management, threat from extreme terrorism, continuous developments and implementation of new technologies are the key factors driving the growth of the mass notification system market in North America.

The Asia Pacific mass notification system market is projected to register the highest CAGR of XX.X% during the forecast period. In Asia Pacific, China and India are to remain lucrative growth market for mass notification system manufacturers. High economic growth in countries such as China and India, growing acceptance of mass notification technologies by end users present in the region are major factors impelling the demand for mass notification system market in the region. Moreover, the demand for cloud-based mass notification solutions by business enterprises is anticipated to intensify the growth of market.

In Asia Pacific, China was the largest market for mass notification system and accounted for XX.X% in 2021. Furthermore, India is projected to be witness fastest growth during the forecast period.

India mass notification system market is projected to showcase highest growth rate in Asia Pacific market. India market is projected to reach USD XX,XXX.X million by 2030 from USD XX,XXX.X million in 2021, at a CAGR of X.X% during the forecast period.

The top 10 players account for XX.X% of the market. The industry is competitive and companies are adopting a mix of strategies in order to acquire market share.