Research Nester published a report titled “Cloud-Based Emergency Notification Solution Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers a detailed overview of the global cloud-based emergency notification solution marketin terms of market segmentation by component, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global cloud-based emergency notification solution market is estimated to garner significant CAGR over the forecast period, i.e., 2022–2030. The market is segmented on the basis of end-user into IT and telecom, transportation, hospitals, and others, out of which, the IT and telecom sector is estimated to garner a notable share, owing to the increasing adoption of cloud-based emergency notification systems in the sector. Moreover, the growth of the IT sector is another factor estimated to boost the segment growth.
The global cloud-based emergency notification solution market is anticipated to grow on the back of increasing adoption of cloud technology, along with the growing need to deploy an efficient emergency notification system for public safety and security. The cloud computing sector generated over USD 250 billion, in 2020, with over 80% of the business enterprises across the globe using cloud technology. The cloud sector market experienced growth by around 15% in 2020, compared to 2019. Moreover, the growing use of smartphones, and high penetration of internet are estimated to boost the market growth.
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Regionally, the global 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. Out of these, the market in North America is estimated to garner the largest market share over the forecast period owing to the growing IT sector in the region, accompanied by the technologically advanced population. Growing use of technologies, such as, cloud computing, Artificial Intelligence, IoT, PaaS, and others in majority of the enterprises, along with the rapid adoption of public cloud technologies are some of the additional factors anticipated to drive the market growth. The IT sector generated a revenue of over USD 1.5 trillion in US in 2019.
Increasing Applications of Cloud Computing to boost the Market Growth
On an average, every person uses over 30 cloud-based application on a daily basis.
The increasing use of cloud-based technology in the day-to-day lives of the people has resulted in the shift of emergency notification services from on-premise to cloud-based technology. The increasing adoption of cloud computing is estimated to boost the market growth.
However, lack of skilled work force is expected to operate as key restraint to the growth of global cloud-based emergency notification solution market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global cloud-based emergency notification solution market which includes company profiling of Blackberry Limited, Everbridge, IBAM Systems, ToolBarStudio Inc. (DeskAlerts), Singlewire Software, LLC., Johnson Controls International plc, Omnilert LLC, Catalyst Technologies Pty Ltd, Omnigo Software, and Acoustic Technology Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cloud-based emergency notification solution marketthat will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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