Emergency & Mass Notification Services Market Report Overview
-
Request a Free Sample to learn more about this report
The global emergency & mass notification services market size was 1483 million in 2022. As per our research, the emergency & mass notification services market is expected to reach USD 2061 million by 2031, exhibiting a CAGR of 4.2% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, emergency & mass notification services experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Emergency & mass notification services inform security personnel and the general public to disasters. These disasters can be either caused by humans including a gas leak caused by a reactor within an industrial plant or natural disasters such as a storm or tornado. These gadgets effectively express the right course of steps to panic-stricken individuals by giving clear spoken reminders to listen to directions, remain safe, and prevent terror during such vital occasions. These conditions have increased the demand for solutions that can assist the general public when working within an enterprise or in an isolated setting and help individuals decrease the risk.
The service is becoming more popular as end-user industries adopt new technologies that include IoT, cloud-based computing, and data analytics and therefore, benefitting the emergency & mass notification services market. These technologies are continually improving user engagement and strengthening safety safeguards, offering a wide range of options and capabilities that go far beyond the scope of conventional applications. Furthermore, mass notification systems allow businesses, local governments, and governmental entities to provide one-way communications to people or groups in order to alert them of emergencies, future events, and natural catastrophes.
COVID-19 Impact: Interruption in Services to Advance Market Growth
The COVID-19 outbreak has affected the emergency & mass notification services market growth by limiting innovation, decreasing profitability, and diminishing revenues and financial reserves. Lockdowns forced the closure of enterprises, including offices and retail shops, as well as restrictions on transportation, manufacturing, and distribution. Throughout the pandemic, nevertheless, services are frequently needed for disseminating timely and appropriate health, safety, and new practice information. Hence, the service market was advanced by the impact of the COVID-19 pandemic.
LATEST TRENDS
"Growing Use of Cell Phones to Stimulate Market Development "
The growing use of cell phones encourages the implementation of the mass notification services for improving the safety of lone workers. AlertMedia, Inc., for example, allows its customers to communicate signals of distress and request immediate help using its mobile applications, which are accessible on both Android and iOS devices. Smartphone applications' quick alarm and notice systems have enabled lone employees to receive instant assistance, boosting their safety. In such cases, systems that can send emergency notifications are essential, which has significantly increased the use of mobile emergency communication apps.
Emergency & Mass Notification Services Market Segmentation
-
Request a Free Sample to learn more about this report
- By Type
Based on type; the market is divided into in building mass notification solutions, wide area mass notification solutions, distributed recipient mass notification solutions
In building mass notification solutions is the leading part of the type segment.
- By Application
Based on the application; the market is divided into business communications, business continuity and disaster recovery, integrated public alert and warning, interoperable emergency communication
Business communications is the leading part of the application segment.
DRIVING FACTORS
"BCDR Segment Policies to Aid Market Expansion "
In 2022, business continuity and disaster recovery segment often known as BCDR maintained the greatest market share, accounting for more than 62% of the total market. Business continuity and recovery from disasters constitute interrelated ideas that help large and small firms continue operations in the face of tragedy. Because of BCDRs, the effect of failures and other disruptions on company activities is reduced. BCDR policies allow firms to react to emergencies faster, reduce the risk of losing information and reputational damage, and improve business operations. This will help the category grow over the predicted period.
"Education Category to Foster Industry Progress "
In 2022, the education category held the biggest emergency & mass notification services share of the market, accounting for more than 20% of the total market. The growing number of mass alert system deployments for enhancing the safety of students and staff and the smooth operation of educational institutes can be linked to the segment growth.
In the event of an emergencies schools mass notification systems will phone numbers, leave messages on the phone, and inform authorities such as the authorities, fire, or ambulance. These alerts are straightforward and are provided through a variety of personalized communication channels, such as phone, text message, email, mobile application push, and additionally social media. Everyone receives the necessary messages on time thanks to a successful services.
RESTRAINING FACTORS
"Cost of the Service to Limit the Market Evolution "
Messages sent via these mass notification services are frequently brief—too brief to include much complexity, comfort, or supplementary information. If this fear is not correctly anticipated (maybe with a "see website for more information" line), it may result in the panicky phone calls that the school was hoping to avoid with such a system in the first place. Such tools cost money—yet another expense on a budget that is already stretched thin—and time, especially to learn and to assist the community accept the tool.
Emergency & Mass Notification Services Market Regional Insights
-
Request a Free Sample to learn more about this report
"Increased Knowledge about the System in North America to Support Market Advancement "
In 2022, North America represented a sizable emergency & mass notification services market share of more than 36% of worldwide revenue. The primary factors promoting emergency & mass notification services implementation in the region are increased knowledge of the system in the aftermath of the 2001 attack, as well as the occurrence of college shootings. As a result, severe public safety and security initiatives, such as efficient surveillance, privacy, and emergency alert systems, have been implemented. During the projection period, these activities will demonstrate the possibilities for emergency & mass notification services throughout the region.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- Airbus DS Communications (U.S.)
- AlertMedia (U.S.)
- Alertus Technologies (U.S.)
- Aurea (U.S.)
- BlackBerry (AtHoc) (U.S.)
- Everbridge (U.S.)
- F24 (Germany)
- IBM (U.S.)
- MissionMode (U.S.)
- Omnilert (U.S.)
- OnSolve (U.S.)
- Preparis (U.S.)
- Rave Mobile Safety (U.S.)
- Regroup Mass Notification (U.S.)
- Resolver (Global AlertLink) (U.S.)
- Singlewire Software (U.S.)
- Sungard Availability Services (U.S.)
- Volo (U.K.)
- XMatters (U.S.)
REPORT COVERAGE
This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.
In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1483 Million in 2022 |
Market Size Value By |
US$ 2061 Million by 2031 |
Growth Rate |
CAGR of 4.2% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the emergency & mass notification services market expected to touch by 2031?
The global emergency & mass notification services market size is expected to reach USD 2061 million by 2031.
-
What CAGR is the emergency & mass notification services market expected to exhibit by 2031?
The emergency & mass notification services market is expected to exhibit a CAGR of 4.2% by 2031.
-
Which are the driving factors of the emergency & mass notification services market?
The driving factors of the emergency & mass notification services market are BCDR segment policies and education category
-
Which are the key players or most dominating companies functioning in the emergency & mass notification services market?
Airbus DS Communications, AlertMedia, Alertus Technologies, Aurea, BlackBerry (AtHoc) are the key players or most dominating companies functioning in the emergency & mass notification services market.