According to Future Market Insights, the market for mass notification systems market is likely to grow at a CAGR of 18.7% from 2023 to 2033. By the end of the aforementioned period of assessment, a valuation of US$ 68.8 billion is anticipated.

Extreme terrorism has become a greater threat in recent years. A number of campus shootings serve of domestic terrorism, and the 9/11 attack has raised awareness in various countries about emergency notification systems. Because terrorist attacks are becoming more common, emergency alert and mass notification systems are becoming increasingly important in raising awareness, sharing information, and saving lives.

As a result of recent crimes and terrorist acts that impacted thousands of individuals, the requirement for mass notification systems has increased. During the forecast period, this factor is expected to drive the adoption of mass notification systems.

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Key Takeaways:

The global market for mass notification systems is estimated at US$ 10.4 billion in 2022
The most appealing segment, with an estimated market share of 43.2%, is the mass notification systems emergency notification platform.
The market for mass notification systems is projected to be worth $68.8 billion by 2033.
North America has been the most attractive market in the last five years, with the US expected to account for 85.5% of the market in 2023.
China and India were appraised at US$ 641.1 million and US$ 334.9 million in 2022, respectively, and are expected to grow at 19.7% and 29.9% CAGRs through 2033.
“The introduction of sophisticated technologies such as blockchain, artificial intelligence (AI), and the Internet of Things (IoT), as well as their incorporation of them into mass notification systems, are providing intriguing possibilities to generate, convey, and read emergency-related data for improved decision-making in times of crisis,” says an FMI analyst.

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Competitive Landscape

Some of the market’s most powerful competitors are investing in studies and research (R&D) to facilitate the provision of a diverse range of leather manufactured in a variety of colors and materials for a variety of applications. Companies hope that by doing so, they will be able to keep up with the changing environment. For instance,

Genasys Inc., a leading global innovator in critical communications systems and solutions that help people stay safe, declared a new Incorporated Mass Notification System (IMNS) a way for a large outdoor vacation spot in April 2023.
Motorola Solutions disclosed in December 2022 that it had acquired Rave Mobile Safety, a leader in mass notification and incident administration that assists organizations and public safety institutions in communicating and collaborating during situations of emergency.
Key Players:

Eaton Corporation Inc.
Honeywell International Inc.
Johnson Controls
Bosch Limited
Siemens
Everbridge
Motorola Solutions, Inc.
AtHoc, Inc.
AFA Protective Systems, Inc.
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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the mass notification systems market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights By Solution (In-Building Mass Notification Systems, Wide-Area Mass Notification Systems), Application (Emergency & Crisis Notification, Business Continuity), Industry (Military & Defense, Government & Public Sector, Industrial, Commercial) & Region

Key Market Segments :

Component, Solution, Application, End-use Industry, and Region