Latin America Mass Notification System Market Size & Outlook
Latin America mass notification system market, 2018-2030 (US$M)
Related Markets
Latin America mass notification system market highlights
- The Latin America mass notification system market generated a revenue of USD 1,051.8 million in 2023.
- The market is expected to grow at a CAGR of 24.7% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,051.8 million |
| Market revenue in 2030 | USD 4,930.6 million |
| Growth rate | 24.7% (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, Latin America region accounted for 8.7% 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 |
|---|
Latin America 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 65.98% in 2023. Horizon Databook has segmented the Latin America mass notification system market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
South American countries routinely experience minor calamities, with little international media coverage. To ensure the safety of its population, the governments in the region are compelled to develop emergency protocols.
Building technical capability at the municipal, state, and federal levels. Therefore, increasing government interest in building a robust ecosystem for emergencies is anticipated to propel the growth of the mass notification system market in South America over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mass notification system market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mass notification system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mass notification system market size, by country, 2018-2030 (US$M)
Latin America Mass Notification System Market Outlook Share, 2023 & 2030 (US$M)
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