The global computer aided dispatch market size is expected to reach USD 3.14 billion by 2027, according to a new study by Grand View Research, Inc., expanding at a CAGR of 11.1% during the forecast period. The increasing need for public safety and technological advancements are projected to drive the computer aided dispatch (CAD) market growth. Computer-aided dispatch technology is used for ensuring safe and secure dispatch operations. Factors such as continued rollout of networking and communication infrastructure, advances in communication technology, and national public safety initiatives are also expected to trigger the rapid growth of the market.
Threats
associated with criminal activities and natural calamities are creating a need
for efficient emergency response systems and dispatch operations. As such, CAD
technology has to cater to various dispatch operation needs in law enforcement,
healthcare, and life sciences industries, transportation, and power &
utility sectors. Accordingly, the latest CAD solutions are designed to support
various applications such as deliver call management, dispatch unit management,
reporting and analysis, and intelligent mapping. These applications are crucial
for mission-critical situations.
Rising
mergers and acquisitions trends by key market players are anticipated to boost
the market growth over the forecast period. Moreover, the North America
regional market held the largest revenue share in 2019. North America boasts a
developed communication and network infrastructure. Also, the growing
deployment of the 5G network is estimated to provide seamless connectivity
during emergency services. Additionally, the region is home to key CAD solution
providers such as Motorola Solutions, Inc.; CentralSquare Technologies; and
Avtec Inc. This is providing an impetus growth to the North America market.
Furthermore,
rapidly surging government investments on deploying CAD solutions to provide
high safety to their public in emerging countries is estimated to propel the
market growth from 2020 to 2027. Moreover, increasing consolidation of Public
Safety Answering Points (PSAPs) in the U.S. is expected to restrict the overall
market growth during the next seven years. Further, the COVID-19 outbreak has
augmented the demand for health emergency services across the globe. Also, the
federal governments across various countries such as U.S., U.K., Germany, and
Italy are making massive investments to strengthen their healthcare facilities
in order to provide effective services in emergencies. As a result, it is
expected to fuel the adoption of computer-aided dispatch solutions over the
forecast period.
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Computer Aided
Dispatch Market Report Highlights
- The services
segment is anticipated to expand at the highest CAGR over the forecast
period owing to the growing demand for integration, support, as well as
training services among customers regarding the CAD solutions
- The
healthcare segment is expected to be the exhibit the highest CAGR among
all verticals from 2020 to 2027, in line with rising the need for
computer-aided dispatch solutions to manage emergency medical services
- The demand
for cloud-based CAD solutions across public and private agencies is
expected to witness significant growth in order to reduce overall
operational costs
- Asia Pacific
is expected to expand at the highest CAGR over the next seven years owing
to the growing demand for secure and efficient dispatch operations across
merging countries such as India and China
- Prominent
market players are aggressively focusing on mergers and acquisitions to
strengthen their market presence as well as enhance their geographical
appearance
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Computer Aided
Dispatch Market Segmentation
Grand View Research has
segmented the global computer aided dispatch market on the basis of component,
vertical, and region:
Computer Aided
Dispatch Component Outlook (Revenue, USD Million, 2016 - 2027)
- Software
- On premise
- Cloud-based
- Services
Computer Aided
Dispatch Vertical Outlook (Revenue, USD Million, 2016 - 2027)
- Public Safety
- Government & Defense
- Transportation
- Power & Utilities
- Healthcare
- Others
Computer Aided
Dispatch Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- South America
- Brazil
- Middle East & Africa (MEA)
List of Key
Players of Computer Aided Dispatch (CAD) Market
- Avtec Inc.
- Caliber Public Safety
- Carbyne
- CentralSquare
- Cody Systems
- Corti
- DoubleMap
- ESO
- Harris Computer
- Hexagon Safety & Infrastructure
- Mark43, Inc.
- Motorola Solutions, Inc.,
- Nuance Communications, Inc.
- Priority Dispatch Corp
- RapidDeploy, Inc.
- Southern Software, Inc.
- Spillman Technologies, Inc
- Traumasoft
- Tyler Technologies
- Verint Systems Inc. (NowForce)
- Zetron
- Zoll Medical Corporation
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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