MNS Market Size

Statistics for the 2023 & 2024 MNS market size, created by Mordor Intelligence™ Industry Reports. MNS size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of MNS Industry

MarketMNS Market Summary Growth Rate
Study Period 2021 - 2029
Base Year For Estimation 2023
CAGR 18.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Mass Notification Systems Market Analysis

The Mass Notification Systems market is expected to register a CAGR of 18.5% during the forecast period. High Adoption of a Mass Notification System (MNS) across hospitals and medical facilities and increasing implementation of IP-based notification devices are expected to drive the market growth. However, inadequate rules and regulations across verticals could hinder the market growth.

  • Public security is one of the primary concerns for both developed & developing countries, and it results in an upsurge in the adoption of MNS. MNS are critical systems during natural disasters, including hurricanes, floods, earthquakes, and circumstances threatening human life. It is an effective and direct way to communicate with the public, ensuring residents are up-to-date and have accurate information. It can be used for emergency and non-emergency situations and offers extensive threat response, staff protection, and regulatory compliance.
  • With the COVID-19 outbreak across regions, more people are working from home, and governments worldwide are taking initiatives to slow the spread of the virus. Amid these changes, the need for a mass notification system is more than ever since the public health and safety department wants to share information with the public and guide them toward the right resources and dos & don'ts. Taking advantage of this scenario, a few players in the United States started offering their solutions for free/no cost to attract attention toward their solutions and platforms.
  • Governments and first responders must warn and inform everyone at risk when critical events happen. Public warning systems effectively provide citizens and visitors from other countries with trusted information to help them stay safe. By June this year, the European Electronic Communications Code (EECC) Article 110 requires all EU countries to operate a public warning system that can send geo-targeted emergency alerts to all mobile phone users in the affected area during a natural or artificial disaster. In 2020, BEREC (the Body of European Regulators for Electronic Communications) also published its guidelines on assessing the effectiveness of public warning systems transmitted by different means to help governments implement Article 110.
  • Public security concerns have risen over the last decade as individuals are defied with various hazardous situations from artificial and regular emergencies. The loss of life and damage to property can be enormous in the case of any destructive event. Each country has a different set of rules and regulations for managing Hazardous Materials (HAZMAT) incidents and industrial accidents and a separate and dedicated infrastructure to maintain public safety and security, which anticipates supporting the growth of mass notification systems.
  • The market studied is witnessing an increase in competition among the players. Companies in the market are increasingly looking for strategic relationships to develop their existing systems. For instance, KOVA Corp. partnered with Everbridge, a prominent mass notification systems provider, to integrate its proprietary Emergency Alert Notification System (KEANS) with the groundbreaking group notification system pioneered by Everbridge. KEANS is a VoIP-based crash phone system that, coupled with Everbridge tech, will allow emergency management agencies and other organizations to send out notifications efficiently using various communications channels.

Mass Notification Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)