Mexico Mass Notification System Market Size & Outlook
Mexico mass notification system market, 2018-2030 (US$M)
Related Markets
Mexico mass notification system market highlights
- The Mexico mass notification system market generated a revenue of USD 367.4 million in 2023 and is expected to reach USD 1,408.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 21.2% 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.
Mass notification system market data book summary
| Market revenue in 2023 | USD 367.4 million |
| Market revenue in 2030 | USD 1,408.7 million |
| Growth rate | 21.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 3.0% of the global mass notification system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. mass notification system market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,408.7 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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Mexico 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 68.29% in 2023. Horizon Databook has segmented the Mexico mass notification system market based on hardware, software, service covering the revenue growth of each sub-segment from 2018 to 2030.
Government authorities in Mexico are implementing various initiatives to lessen the impact of seismic disasters. For instance, Mexican Seismic Alert System (SASMEX), an earthquake alarm system, is installed in areas of central and southern Mexico. Such initiatives are expected to boost the growth of the mass notification system market in the region.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico mass notification system market , including forecasts for subscribers. This country databook contains high-level insights into Mexico mass notification system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico mass notification system market size, by component, 2018-2030 (US$M)
Mexico Mass Notification System Market Outlook Share, 2023 & 2030 (US$M)
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