Dispatch Console Market to Expand at 4.5% CAGR between 2014 and 2020
Dispatch Console Market, Dispatch Console Market Analysis, Dispatch Console Market Forecast,
In a recently published market study on the global dispatch console market, analysts at Transparency Market Research (TMR) have projected the market to expand at a CAGR of 4.5% during the period from 2014 to 2020 and attain a market value of US$2.29 billion by the end of the forecast period. In 2013, the global market for dispatch console had reached a value of US$1.69 billion.The report, titled “Dispatch Console Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, states that the increasing focus on the technical improvement and interoperability of dispatch consoles has fueled the growth of the global dispatch console market. Effective handling of critical operations has also added to the market development.
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On the other hand, security issues concerning the dispatch console adoption and consolidating public safety answering points are the major hindrances to the growth of the global market for dispatch consoles, the study denotes.According to the report, the global dispatch console market is analyzed on the basis of the application of dispatch consoles and the regional spread of the global market.Based on application, the dispatch console market is classified into transportation, utilities, public safety, manufacturing, military and government, and other sectors such as natural resource extraction and mining. Among these, in 2013, the public safety sector held the leading position, with a 29.8% share in the global market in terms of revenue. This market segment is likely to maintain its dominance over the forecast period.
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