LMR Systems Market to Grow Modestly through 2018 (11/18/14)
Tuesday, November 18, 2014 | Comments

The global LMR systems market is expected to grow at a modest pace and post a compound annual growth rate of 9.42 percent between 2014 and 2018, according to a report from research firm TechNavio.

The report identified the increasing number of devices supporting Long Term Evolution (LTE) and LMR networks as a major trend set to impact the overall market.

“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,” said Faisal Ghaus, vice president of TechNavio.

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