Recent Developments: In July 2019, Honeywell launched the Honeywell Forge Inspection Rounds to help the field workers of the oil and gas, mining, and aerospace verticals to digitalize equipment inspection programs, which increase productivity, improve accuracy, enhance public safety, and minimize unplanned asset downtime. In May 2019, Siemens introduced Cerberus Portal, a cloud-based online fire protection software to monitor fire systems. With this software, in case of any fire incidents, maintenance personnel receive real-time information to react promptly, inform customers, and prepare site visits. In May 2019, Eaton Corporation introduced Trellix, an advanced connected lighting platform designed to drive efficient, effective decision-making for building operations. In January 2019, Motorola Solutions acquired VaaS International Holdings, a Video analysis-as-a-Service (VaaS) company and provider of data and image analytics for vehicle location. This acquisition expanded the company’s command center software portfolio.

The global Mass Notification Systems market size is expected to grow from USD 7.3 billion in 2019 to USD 17.3 billion by 2024, at a CAGR of 18.8% during the forecast period.

The upcoming industry solutions in Mass Notification Systems market are In-Building Solutions, Wide-Area Solutions, and Distributed Recipient Solutions. Apart from these, applications for the same has been growing for mobile notifications with the growth in safety concerns.

The growing concern for public safety and security and the increasing implementation of Internet Protocol (IP)-based notification devices are the major factors driving the market growth. Also extensive demand in the energy and utilities sector and rise in cloud based deployment is giving opportunities for growth. The challenges for this market include the lack of awareness about MNS and hardware infrastructure prone to single-point failures.

APAC is most prone to natural disasters, with over 70% of the world's natural disasters occur in this region. Moreover, scientists have predicted that the intensity and incidence of disasters in APAC would increase in the years to come. Accordingly, the Mass Notification Systems Market share is increasing in APAC as the awareness about public safety, and these systems are growing. Last year, APAC countries introduced a 5-year campaign at United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), which aimed at encouraging greater use of space technology and the Geographic Information System (GIS) for better disaster risk reduction and management, as well as to minimize the environmental costs of economic growth in the region. The tsunami of 2004 brought awareness about the need for MNS in APAC since the loss of life and property had been enormous. APAC consists of developing countries, such as India and China, who are witnessing natural calamities (floods, earthquakes, tsunamis, and wildfires) every year. Moreover, the terrorist attacks in APAC have increased. This has led to an increased need for mass notification systems.

The major MNS vendors include Motorola Solutions (US), BlackBerry AtHoc (US), Eaton (Ireland), Honeywell (US), Siemens (Germany), Everbridge (US), Blackboard (US), Desktop Alert (US), OnSolve (US), Singlewire Software (US), xMatters (US), Alertus (US), Johnson Controls (US), Federal Signal Corporation (US), and Rave Mobile Safety (US).

Mass notification solutions are being used in educational institutions for a long time to make the campus more sustainable. These systems ensure the safety and security of the students and faculty, improve building performance and comfort, streamline institutional operations, reduce operational expenses, and increase long-term financial stability. These solutions help in informing the students, teachers, parents, staff, emergency first responders, and law enforcement agencies about the activities on the campuses. It may be used for non-emergency purposes as well, such as for notifying students and faculty about campus updates, class cancellations, course registration reminders, and similar notices.