Growth of LTE and LMR networks will help the global LMR systems market gain traction by 2018
According to a new report from research firm TechNavio, the Global Land Mobile Radio (LMR) Systems Market will grow at a modest pace, and post a CAGR of 9.42 percent from 2014-2018.
The latest report from TechNavio emphasizes the increasing number of devices supporting Long-term Evolution (LTE) and Land Mobile Radio (LMR) networks as a major trend set to impact the overall market through the forecast period.
LTE-enabled devices—which are already popular among consumers—have infiltrated the public safety sphere, as these networks are deployed worldwide. End-users are increasingly leveraging the advanced features being offered by these networks.
“The industry is expected to gain more traction in terms of demand for devices that support LTE and LMR networks. These types of devices will lend a competitive edge to organizations choosing to capitalize on them, as they can switch easily between both the technologies based on the requirement at hand,” says Faisal Ghaus, Vice President of TechNavio.
