MASS NOTIFICATION SYSTEMS MARKET ANALYSIS

Market Challenges And Opportunities

Global Mass Notification Systems Market Drivers:

The rapid growth of various industries worldwide, particularly in emerging economies such as China and India, has led to an increasing number of various manufacturing plants. Numerous companies are focused on deploying certain systems, in order to protect employees and the general public from unexpected disasters and enhance business processes. This, in turn, is expected to drive the growth of the global mass notification systems market during the forecast period. According to Coherent Market Insights analysis, the revenue contribution of the chemical industry to the overall market is expected to grow 2.3X by 2030 from 2020.

Proactive initiatives taken by government organizations for public safety are expected to propel the global mass notification systems market growth over the forecast period

Various organizations are sourcing means to deploy systems that can warn people about various natural calamities such as storms, landslides, and earthquakes, and man-made disasters such as terrorist attacks, blackouts, and chemical leakages, thus reducing losses of human lives and property. Hence, these factors are expected to propel the global mass notification systems market growth in the near future.

Global Mass Notification Systems Market: Opportunities.

The rising impact of social media and increasing smartphone penetration can present lucrative growth opportunities.

An increasing number of active social network users and rising smartphone penetration across the globe offer lucrative opportunities for players in the market. Furthermore, social networking sites support rich real-time information on trends and events and can be viable assets to various organizations. Certain government organizations and key players in the mass notification systems market focus on integrating their solutions with such platforms for better public reach.

Growing focus on the introduction of mobile-based application support for MNS

Key players in the market are focused on providing mobile-based mass notification applications, which will allow better management of incidents and alerts with the aid of simple and interactive dashboards.

Global Mass Notification Systems Market - Restraints

Concerns regarding security are expected to restrain growth of the global mass notification systems market during the forecast period

There are several concerns regarding design, implementation, and secure communication. These issues include limited testing security to control panels, lack of in-built security, open ports on services and devices, exposure to various online threats since it is connected to the non-secure network, poor resistance to tampering, lack of adequate notification, etc. Furthermore, communication lines are open to various attacks such as record and replay, denial of service, and man-in-middle injection. Therefore, these factors are expected to restrain growth of the global mass notification systems market during the forecast period.

Lack of standardization is expected to hamper the global mass notification systems market growth over the forecast period

Several players offer multiple brands and versions of equipment, and integrating such systems to already installed legacy systems is challenging. Solution providers also offer proprietary software that cannot be easily integrated with other MNS products, which in turn creates limited opportunities for them. In order to provide seamless integration, the software must support various equipment; a process that can be cumbersome. Thus, these factors are expected to hinder the market growth over the forecast period.