Albany, NY, Nov. 26, 2015 (GLOBE NEWSWIRE) -- 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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In addition to this, the transportation industry is estimated to report the fastest growth over the same duration. The demand for dispatch consoles is expected to be triggered by the rise in transport infrastructure and the requirement for effective interoperable communication systems in transportation applications in the near future.Regionally, the report divides the global dispatch console market into the regional markets in North America, Europe, Asia Pacific, and the Rest of the World. Among these, the market in North America led the global market in 2013. It accounted for more than 1/3rd of the overall revenue generated in the global market. The biggest contribution came from the U.S. in the market for dispatch consoles in North America that year.Apart from this, on account of ample opportunities presented by the transportation and military sectors, the dispatch console market in Asia Pacific is likely to register the fastest growth. In this region, China and Japan, jointly, are expected to generate the highest revenue during the forecast period.
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Motorola Solutions Inc., Catalyst Communications Technologies, Inc., Zetron, Inc., Avtec Inc., Telex Radio Dispatch, Cisco Systems, Inc., Harris Corp., Evans Consoles Corp., EF Johnson Technologies, Inc., Omnitronics, Airbus DS Communications, Siemens Convergence Creators GmbH, Frequentis AG, iNEMSOFT, Inc., Exelis, Inc., and Pantel International are the major companies profiled in this report.
The global dispatch console market is segmented into:
- Public Safety
- Government and Military
- Others (Mining, Natural Resource Extraction, etc.)
- North America
- Asia Pacific
- Rest of the World (Latin America, Middle East, and Africa)
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Source:Transparency Market Research