Mass Notification System Market Analysis

Component (Hardware, Software, Services)

In the year 2037, the hardware segment is expected to hold around 43% share of the global mass notification system market. The segment's expansion can be related to the increasing adoption of hardware components such as sensors, transmitters, and receivers, among others.  It is primarily owing to the growing need for real-time monitoring and notification of various activities, including emergency services, public safety, and others. An increasing number of smart city projects are also driving the growth of the hardware segment. For instance, at present, China is implementing approximately 750-880 smart city programs nationwide. Smart cities are powered by IoT devices that use mass notification systems for communication in case of emergencies.

Enterprise Size (Large Enterprises, SMEs)

The large enterprise segment in the mass notification system market is expected to attain a major revenue share of almost 53% by 2037. The rising usage of mass notification systems across a wide range of industries is primarily responsible for the growth of the large enterprise segment. This is mainly driven by the need for better communication among employees, customers, and suppliers, coupled with the need for efficient risk management. Additionally, large organizations are increasingly recognizing the need for effective risk management strategies. As a result, there is a demand for emergency alert systems that quickly and accurately disseminate critical information in times of crisis.

Our in-depth analysis of the global market includes the following segments: