Albany, NY -- (SBWIRE) -- 09/13/2017 -- The presence of some well-entrenched players along with several medium, small, and unorganized players features fragmentation in the global dispatch console market. The stiff competition in the market demands investments in newer technologies and research and development pursuits to develop innovative products and to offer customized solutions.
At the forefront of driving growth in the global dispatch console market is increasing need for a reliable communication process among businesses for information dissemination in a timely and effective manner. Rising concerns about the safety aspect of human beings, assets, infrastructure, and others due to increasing instances of unforeseen incidents and emergency situations is also acting in favor of the dispatch console market.
A report by Transparency Market Research estimates the global dispatch console market is expected to rise at a CAGR of 3.9% between 2017 and 2025, and become worth US$2,665.4 mn by the end of the forecast period in 2025.
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The global dispatch console market has been segmented into government and defense, manufacturing, healthcare, public safety, transportation, utility, and others based upon application in this report. Of them, public safety held the leading share of the market in 2016 vis-à-vis revenue. This is mainly because dispatch consoles are indispensable component of public safety services such as police, fire and safety, emergency medical services, defense, paramilitary sectors, and others. Some of the open dispatch console standards for public safety agencies are Terrestrial trunked Radio (TETRA), Digital Mobile Radio (DMR), and others. Extreme weather prone areas that require a foolproof communication process are also aiding growth of the public safety segment of dispatch console market.
Transportation is another significant application segment of the dispatch console market in terms of market share. Dispatch consoles are deployed in the sector to enable timely and effective communication for passengers and cargo to reach their destinations safely. Government and defense also hold a substantial share in the market as dispatch consoles allow two way information dissemination in a timely manner in emergency situations.
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The global dispatch console market is segmented into the regions of North America, Asia Pacific, Europe, the Middle East and Africa, and South America in this study. Asia Pacific is predicted to lead in terms of growth over the forecast period. The impetus for effective and timely communication in times of emergency is majorly fuelling growth of this regional market.
The region is followed by the Middle East and Africa in terms of market share in the global dispatch console market. The increasing instances of socio-political unrest in the region are necessitating the deployment of effective communication systems for safety of life and property.
South America, powered by Brazil and Argentina, is yet another region that is expected to display promising growth in the global dispatch console market over the forecast period. This is mainly because of substantial investments in the safety and security space generally and because of the safety considerations of athletes in the Olympics Games held in Brazil in 2016. The world spectacle necessitated deployment of radio communication devices such as dispatch console, software, etc.
North America and Europe are expected to display sluggish growth in the dispatch console market over the forecast period.
Key players operating in the global dispatch console market include Airbus DS Communications Inc., Avtech Inc., Bosch Security Systems Inc., Catalyst Communications Technologies Inc., Cisco Systems Inc., EF Johnsom Technologies, Evans Consoles, Harris Corporation, InterTalk Critical Information Systems, Motorola Solutions Inc., Omnitronics Inc., Siemens Convergence Creators GmbH, Xybix Systems Inc., and Watson Consoles.