Asia Pacific Mass Notification System Market Size & Outlook
Asia Pacific mass notification system market, 2018-2030 (US$M)
Related Markets
Asia Pacific mass notification system market highlights
- The Asia Pacific mass notification system market generated a revenue of USD 3,067.7 million in 2023.
- The market is expected to grow at a CAGR of 25.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,067.7 million |
| Market revenue in 2030 | USD 15,026.5 million |
| Growth rate | 25.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Service |
| Key market players worldwide | BlackBerry Ltd, Desktop Alert, Eaton Corp PLC, Everbridge Inc, Honeywell International Inc, Motorola Solutions Inc, OnSolve, Blackboard, Singlewire Software, xMatters |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.4% of the global mass notification system market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,026.5 million by 2030.
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Mass Notification System Market Scope
Mass Notification System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific mass notification system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mass notification system market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 65.36% in 2023. Horizon Databook has segmented the Asia Pacific mass notification system market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
Rising focus of government agencies across the Asia Pacific region on enhancing public safety and security and increasing deployment of IP-based notification devices in the region are the major factors propelling the growth of the mass notification system market in the region.
In addition, the increasing trend of Bring Your Own Device (BYOD) in businesses and educational institutions has allowed mass notification system providers to engage more customers by introducing innovative solutions that can be accessed through any digital device, which is expected to drive the growth of the market in Asia Pacific region over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific mass notification system market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific mass notification system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific mass notification system market size, by country, 2018-2030 (US$M)
Asia Pacific Mass Notification System Market Outlook Share, 2023 & 2030 (US$M)
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