Cloud-Based Emergency Notification Solution Market size is projected to witness lucrative growth rate during the forecast period i.e., between 2024-2036.
With the rapid advancements in cloud technologies, the public notification system has also shifted to cloud-based technology. The growth of the market can be attributed to the increasing adoption of cloud computing, along with increasing penetration of information technology. The cloud-based solution offers various additional advantages, such as, quick and personalized alerts on mobile phones. More than 80% of all enterprises across the globe used multi-cloud strategy by 2019. In fact, with the increasing usage of smartphones, an average person used more than 30 cloud-based applications on a daily basis. Increasing penetration of internet is another major factor driving the market growth.
Growth Drivers
Challenges
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2023 |
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2024–2036 |
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The market is segmented by application into public alert system, emergency communication, disaster management & warnings, and others, out of which, the public alert system segment is anticipated to hold the largest share in the market during the forecast period on account of increasing application of this system for information transfer on a mass level within a community. Earlier, use of speakers was the most common way to pass information, but with the advancement of technology, the whole system shifted to hand held devices. Various end users, such as housing societies, offices & other working spaces, and hospitals, among others, are using this method, which is estimated to drive the growth of the segment.
Our in-depth analysis of the global market includes the following segments:
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Application |
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Regionally, the cloud-based emergency notification solution market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is expected to account for largest revenue share by 2036, on the back of growing IT sector, along with increasing implementation of cloud-based technology in the region. There were more than 3 million people employed in the IT sector in US, as of 2019, and this sector generated a revenue of over USD 1.5 trillion. Moreover, presence of major key players, along with the rise in adoption of public cloud technologies in the region is expected to boost the market growth.
The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period owing to the technological development in the countries, including Japan, China, Singapore and India. The growing adoption of PaaS, IoT, and cloud computing amongst various enterprises in the region is estimated to drive the market growth in the upcoming years.
Author Credits: Abhishek Verma
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