MARKET OUTLOOK
The mass notification systems market in Latin America has been projected to depict growth in terms of revenue and expand with a CAGR of 15.84% during the forecast years 2019-2028, according to a report by Triton Market Research. Brazil, Mexico, and Rest of Latin America together form the market in this region.
Since 2015, Argentina has been making use of the Argentina Federal Emergency System (SIFEM) to detect terror-related activities and natural disasters at an early stage. Regional and national-level emergency-related agencies have been formed to support emergency management responses for natural disasters and terror attacks. Thus, there is a large-scale adoption of mass notification systems in the country.
In Chile, the Emergency Alert System (SAE) is used to notify people in times of crises, such as tsunamis, high-intensity earthquakes, forest fires, and volcanic eruptions, via alert messages to mobile phone numbers. Since March 2017, the use of the SAE has been made mandatory in the country. These factors are aiding the growth of the mass notification systems market in Rest of Latin America over the forecast period.
In Mexico, the National Center for Disaster Prevention (CENAPRED) looks after the work of disaster prevention. It supports the technical requirements of the National Civil Protection System (SINAPROC). It also coordinates dissemination activities in case of any natural and anthropogenic phenomena, which can be potentially disastrous. Therefore, ther is a high need for MS systems in Mexico. This factor will stimulate the growth of the country’s mass notification systems market over the forecast period.
REGIONAL OUTLOOK
The eminent companies in the market are Singlewire Software LLC, Honeywell International Inc, Johnson Controls, Rave Mobile Safety, Alertus Technologies LLC, Siemens, Motorola Solutions Inc, and Blackboard Inc.