Computer Aided Dispatch Market revenue to hit USD 15.51 Billion by 2035, says Research Nester

Leading computer aided dispatch (CAD) market players include Hexagon Safety & Infrastructure, Mark43, Inc., Motorola Solutions, Inc., Spillman Technologies, Inc, Traumasoft, Tyler Technologies, Harris Computer, RapidDeploy, Inc., Nuance Communications, Inc., and Priority Dispatch Corp,

New York, Nov. 22, 2023 (GLOBE NEWSWIRE) — The global computer aided dispatch market size is slated to expand at ~14.80% CAGR between 2023 and 2035. The market is poised to garner a revenue of USD 15.51 billion by the end of 2035, up from a revenue of ~USD 2.96 billion in the year 2022.The major element to influences the market revenue is the surge in the number of cybercrimes. Based on the FBI’s internet crime records and about 800,943 complaints filed in 2022, cybercrime data suggests at least 421 million people were affected. In 2023, there will be breaches into about 32 billion accounts, with an estimated USD 7 trillion in losses. Hence, the demand for computer aided dispatch is surging.

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Additionally, there has been a surge in government initiatives to tackle the issue of cyber-crimes. Hence, they are initiating various activities which might further influence the market expansion. The Power-CSIRTs (Computer Security Incident Response Teams in the Power sector) and the Indian Computer Emergency Response Team (CERT-In) collaborated to effectively design and run the Cyber Security Exercise “PowerEX” for 193 invited Power Sector Utilities in 2022, in India. On the exercise day, the Power-CSIRT officials’ Exercise Planner Team collaborated with the CERT-In team as Exercise Coordinators. “Recognize, Analyze & Respond to Cyber Incident in IT & OT Systems” was the exercise’s goal.

Surge in Number of IoT Connected Devices to Boost the Growth of Global Computer Aided Dispatch Market

There are roughly 14 billion IoT devices connected at the moment. With this, the process of computer aided dispatch had become easier. Manufacturers may profit from incorporating CAD/CAM data with IoT and cloud platforms in a number of ways, including increased product performance and quality from real-time data from IoT…