Mass Notification System Market Size, Share, & Trends Report

Mass Notification System Market Size, Share, & Trends Analysis Report By Component, By Enterprise Size, By Solution, By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-3-68038-759-9
  • Number of Pages: 130
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the mass notification system market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for mass notification system market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of mass notification system market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Mass Notification System Market Categorization:

The mass notification system market was categorized into six segments, namely component (Hardware, Software, Services), enterprise size (SMEs, Large Enterprises), solution (Wide-area Solutions, In-building Solutions, Distributed Recipient Solutions), application (ntegrated Public Alert and Warning, Interoperable Emergency Communication, Business Continuity and Disaster Recovery), end-use (Corporate, Education, Energy & Utilities, Healthcare & Life Sciences, Aerospace & Defense, Government), and regions (North America, Europe, Asia Pacific, South America, Middle East & Africa).

Segment Market Methodology:

The mass notification system market was segmented into component, enterprise size, solution, application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The mass notification system market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; the UK.; Germany; France; Italy; Spain; Denmark; Sweden; Norway; China; India; Japan; South Korea; Thailand; Australia; Brazil; Argentina; Mexico; South Africa; Saudi Arabia; UAE; and Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Mass notification system market companies & financials:

The mass notification system market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Motorola Solutions, Inc. is a global service provider of mission-critical communication and analysis solutions. The company functions through two business segments, namely products and systems integration and, software and services. For government, public security, and commercial customers who manage mobile workforces and use personal communications networks and video security strategies, the Products and Systems Integration segment provides a range of architecture, gadgets, equipment, and video surveillance systems and infrastructural facilities, as well as the implementation and integration of systems, devices, and applications.

  • Desktop Alert Inc. offers IP-based mass notification solutions that enable organizations, corporations, and emergency response communities to communicate instantly across the globe. The company offers advanced communications tools that enable corporates to deliver hazard and threat warnings directly to email, computer screens, mobile devices, large displays, kiosks, and SMS. Moreover, the solution is based on a network-centric and scalable enterprise-wide mass notification platform architecture.

  • Blackboard Inc. is an EdTech company that caters to higher education, business, and government clients across the world. Through its Teaching & Learning segment, the company offers learning management solutions, data & analysis solutions, accessibility & universal design solutions, and web-based collaboration solutions. It also offers web-based services such as strategic services, analytical services, education services, blackboarding, and technical services.

  • Blackberry Limited offers intelligent security services and software to businesses and governments around the world. The company has four subsidiaries that it entirely owns, directly or indirectly, namely BlackBerry Corporation, BlackBerry U.K. Limited, Cylance Inc., and Secusmart GmbH. It has a large portfolio of products and services that is structured into three groups: Cybersecurity, IoT, and Licensing & Others.

  • Singlewire Software LLC the company has gained an advantageous market position in the mass notification system market owing to the continuous strategic associations for expanding its product offering while upholding its position in the market. The company specializes in emergency notification communications it offers accurate information and assists people to increase awareness and security. Active shooter, panic buttons, 911 alerting, school bells, weather warnings, lockdown, crisis management, and command center are some of the services offered by the organization.

  • Eaton Corporation Plc. is one of the key players in the mass notification system market which is consistently investing in its R&D for new product innovation and staying competitive in the market. The company also offers operates through business segments such as Electric America and Electrical World, Hydraulics, Aerospace, Vehicles, and Electrical Mobility. The company's products are developed and sold using a portfolio of trademarks, patents, and licenses along with other forms of intellectual property. Its key contestant companies include Schneider Electric, Siemens, Cummins Inc., Parker Hannifin, and Alstom.

  • Everbridge Inc. is adopting various strategic initiatives such as new product development, partnership, mergers & acquisitions with a high focus on expanding its mass notification product portfolio to enhance its brand representation and attract potential business clients in the region. Its Critical Event Management (CEM) platform offers solutions such as safety connection, mass notification, IT alerting, and others. Further, the company has extended its CEM platform through the acquisition of companies such as Techwan SA, CNL Software Limited, and SnapComms Limited to improve its security, safety, and core communications capabilities.

  • OnSolve LLC's high emphasis on adopting the strategy of new product development and partnerships as it has assisted the company in improving its mass notification system portfolio. The company offers emergency notification, IT alerting, disaster recovery, and other relevant solutions. With the help of artificial intelligence and machine learning applied to businesses, the company's cloud-based collaboration and communication tools enable clients to better position themselves to save lives and protect their organizations from unexpected events. Further, continuous research and development activities can help the company stay in an exceptional market position for a longer period.

  • Honeywell International Inc. is a large technology company that engages in the development and sale of products to address concerns related to energy, safety, security, and other related solutions. The company intends to boost its margins by implementing Integral Supply Chain and Honeywell Digital transformation activities, as well as virtues such as marketing excellence, orientation, and other production and organizational structure improvements. It offers a wide range of building communication solutions to meet broadened commercial or institutional requirements. It offers solutions such as general paging, public address, emergency mass notification, unified notification, direct recipient mass notification, and long-range speakers.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Mass Notification System Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Mass Notification System Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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