The computer aided dispatch market is scheduled to grow at a CAGR of 11.2% during the forecast period ranging from 2022-2032, reaching US$ 5.95 Bn, according to a recently revamped report published by Fact.MR. Growth is attributed to extensive uptake for monitoring security across local, regional and global levels.
From 2017 to 2021, demand for computer aided dispatch systems and software accelerated at a CAGR of 10%. During the COVID-19 pandemic, enterprises and healthcare providers alike extensively deployed computer aided dispatch solutions to monitor progress of employees and patients.
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Future market demand is expected to surge even further, as several enterprises shift to the virtual landscape. This will necessitate increased deployment of safety monitoring software, along with advanced computer aided analytical tools.
Key Takeaways from the Market Study
Rising security vulnerabilities, both in the conventional and virtual sense, is prompting countries and industries to develop extensive protection networks to secure sensitive information, widening scope for deploying computer aided dispatch solutions, comments a Fact.MR analyst.
Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
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Key Segments Covered in the Computer Aided Dispatch Industry Analysis
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Why North America Remains at the Forefront of Computer-Aided Dispatch?
The U.S. Department of Homeland Security (DHS) established the System Assessment and Validation for Emergency Responders (SAVER) Program to assist emergency responders in making procurement decisions. Furthermore, the expanding national public safety initiatives and the modern policies and regulations towards adopting the solutions is driving the global Computer-Aided Dispatch market in the region.
Additionally, a rise in criminal activities and the natural disasters strains for efficient public safety and dispatch solutions is driving the growth of the dispatch market. According to Fact.MR, CAD demand in North America is likely to surge at a CAGR of 9% from 2022-2032.
Along with this, the CAD systems have now become an interoperable, nimble platform that works to simplify communications between 911 and first responders. Next-generation 911 has propelled the demand for CAD systems in recent years.
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Fact.MR | 6282511583 | neha.b@factmr.com | https://www.factmr.com |
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