Report ID: SQMIG45A2342
Report ID:
SQMIG45A2342 |
Region:
Global |
Published Date: May, 2024
Pages:
197
|
Tables:
146 |
Figures:
79
Mass Notification Market size was valued at USD 13.79 Billion in 2023 and is poised to grow from USD 16.71 Billion in 2024 to USD 77.3 Billion by 2032, growing at a CAGR of 21.2% during the forecast period (2025-2032).
The market of global mass notification is majorly driven by numerous adoptions of IP-based devices. Due to the increased use of IP-based devices, users can be able to access a range of communication mediums like emails, SMS, etc., through these mediums, which further accelerates the market of mass notification. Further, the main restraint for the market is the high cost of the mass notification system implementation. Initially, the implementation of the MNS requires lots of expenses which include infrastructure, staffing, etc. This gives rise to budget constraints and can hamper the adoption of MNS. In this way, the global mass notification system market decelerates.
The prominent trend in the global mass notification market is the increased adoption of advanced technologies. The adopted technologies such as AI, IoT, etc. can be integrated into the mass notification system and can strengthen communication. This further can drive the market of mass notification across the world.
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Report ID: SQMIG45A2342