The Mass Notification Systems Market, as reported by Future Market Insights (FMI), is poised for remarkable expansion. In 2023, market revenue is projected to reach an impressive US$ 12.3 billion, demonstrating a robust Compound Annual Growth Rate (CAGR) of 18.7% from 2023 to 2033. This trajectory is set to propel the market valuation beyond US$ 68.8 billion by 2033.
Mass notification systems are intended to communicate real-time information regarding emergencies, including fire, terrorist activities, chemical spills, biological events or natural disasters with residents/peoples and alert them about what to do in response to a threat or emergency. These systems are classified as in-building, wide-area, and distributed recipient systems.
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Competitive Landscape
According to the Future Market Insights (FMI)’s industry analysis, Everbridge, IBM Corporation, Omnilert, LLC, Eaton Corporation, Honeywell International Inc., Siemens AG, and American Signal Corporation are identified as key providers and manufacturer of mass notification systems.
The Key players focuses to form new partnership & collaboration to leverage Artificial Intelligence to further advance into the next generation of mass notification systems technology solutions. This strategy can help mass notifications systems companies to serve business customers around the globe by providing mass notification platform and services to make buildings smart, safe, and sustainable.
- For instance, in May 2018, Johnson Controls and Foxconn Industrial Internet collaborated to transform building data analytics through artificial intelligence and machine learning to advance smart building and smart-city technologies and achieve security and sustainability goals.
The mass notification systems manufacturer and providers are focuses on launching innovative solution and expanding its mass notification systems offerings to deliver enhanced technology as well as offer new and upgraded solutions in new markets.
- For instance, in March 2018, Honeywell is expanding its line of Fire-Lite addressable fire alarm control panels to give safety professionals more options for designing small to medium-sized fire systems.
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Key Companies Profiled
- Eaton Corporation Inc.
- Honeywell International Inc.
- Johnson Controls
- Bosch Limited
- Siemens
- Everbridge
- Motorola Solutions, Inc.
- AtHoc, Inc.
- AFA Protective Systems, Inc.
- Alertus Technologies, LLC
- American Signal Corporation
Mass Notification Systems Industry Survey by Category
By Component:
- Mass Notification Systems Hardware
- Fire Alarms
- Public Address Systems
- Alert Beacons
- Duress Systems
- Others
- Emergency Notification Platform
- Mass Notification Systems Services
- Installation & Deployment
- Support & Maintenance
- Warning System Designing
- Emergency Response Services
By Solution:
- In-Building Mass Notification Systems
- Wide-Area Mass Notification Systems
- Distributed Recipient Mass Notification Systems
By Application:
- Emergency & Crisis Notification
- Business Continuity and Disaster Recovery
- Business Communication & Operations
- Others
By Industry:
- Military & Defense
- Government & Public Sector
- Industrial
- Commercial
- Event & Sports Venues
- Critical Infrastructures
- Others
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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