Emergency Notification Systems in Educational Facilities Market size is likely to expand at more than 19.7% CAGR during the forecast period i.e., between 2024-2036. The growth of the market can be attributed to the growing demand for efficient mass notification systems in educational institutions, backed by growing number of students across the world. The data by the World Bank stated that population of children below 14 years of age comprised 25.491% of the total global population in 2020.The need for emergency notification or communication system in case of fire, earthquake, attacks and others, is increasing, which, in turn, is estimated to upsurge the market growth. Moreover, rapid digitalization of the education sector, along with growing usage of smartphones, is estimated to boost the market growth. Furthermore, the COVID-19 pandemic has shifted educational facilities to online education, where the dependence on technology has reached a never-before scale. This is further estimated to boost the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
19.7% |
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Regional Scope |
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The emergency notification systems in educational facilities market is segmented by deployment mode into on-premise, cloud-based, and others, out of which, the cloud-based segment is anticipated to hold the largest share in the market over the forecast period on account of currently functioning online schooling, increasing trend of remote learning and e-learning, and availability of smart phones, tablets or laptops to a major share of students. However, the on-premise segment is estimated to gain significant growth once the education system regains the offline schooling methods.
Our in-depth analysis of the global market includes the following segments
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By Component |
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By Deployment Mode |
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By End-User
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On the basis of geographical analysis, the global emergency notification systems in educational facilities market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific is poised to hold largest revenue share by 2036, on the back of increasing investment in technological development and upliftment of educational sector. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the higher adoption of advanced technologies, along with increasing prevalence of cyclones and other natural disasters. Moreover, government and various NGOs are working towards preparing educational institutions to respond safely in cases of emergencies. This is estimated to fuel the regional market growth.
Author Credits: Abhishek Verma
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