New Zealand markets closed
  • NZX 50

    11,090.03
    +130.58 (+1.19%)
     
  • NZD/USD

    0.5698
    -0.0027 (-0.47%)
     
  • NZD/EUR

    0.5792
    -0.0027 (-0.46%)
     
  • ALL ORDS

    6,893.80
    +237.40 (+3.57%)
     
  • ASX 200

    6,688.70
    +231.80 (+3.59%)
     
  • OIL

    83.85
    +0.22 (+0.26%)
     
  • GOLD

    1,709.30
    +7.30 (+0.43%)
     
  • NASDAQ

    11,229.73
    +258.50 (+2.36%)
     
  • FTSE

    6,908.76
    +14.95 (+0.22%)
     
  • Dow Jones

    29,490.89
    +765.38 (+2.66%)
     
  • DAX

    12,209.48
    +95.12 (+0.79%)
     
  • Hang Seng

    17,079.51
    -143.32 (-0.83%)
     
  • NIKKEI 225

    26,981.25
    +765.46 (+2.92%)
     
  • NZD/JPY

    82.4690
    -0.2440 (-0.29%)
     

$47+ Bn Global Push to Talk (PTT) Market to See Booming Growth of CAGR 8.8% by 2028 | Rising Penetration of Smartphones is Propelling Market Growth | Size & Share, Key Players, Growth Forecast Report 2022-2028 by Vantage Market Research

·10-min read
Vantage Market Research, The North Star for the Working World
Vantage Market Research, The North Star for the Working World

WASHINGTON, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Push-to-talk over cellular is widely used for applications that require wide geographical coverage, such as public safety & security, transportation & logistics, and more. Also, the increase in the adoption of IoT technology for infrastructure management and city monitoring and the exponential rise in urban population are anticipated to drive the market.

The Global Push to Talk Market revenue is expected to reach a value USD 47.7 Billion in 2028.

The Global Market revenue was valued at USD 28.8 Billion in 2021 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period; states Vantage Market Research, in a report, titled “Push to Talk Market Size, Share & Trends Analysis Report by Component (Hardware, Solutions, Services), by vertical (Public Safety, Government & Defense, Commercial), by Organization Size (Large enterprises, SMEs), by Network Type (Land Mobile Radio (LMR), Cellular), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).

Get Access to a Free Copy of Our Latest Sample Report @ https://www.vantagemarketresearch.com/push-to-talk-market-1783/request-sample

Key Industry Findings & Insights from the report:

  • The global Push to Talk Market was valued USD 28.8 Billion in 2021 and is all set to surpass USD 47.7 Billion by 2028, exhibiting a CAGR of 8.8% during the forecast period 2022-2028.

  • In terms of revenue, the application segment held the largest revenue share of in 2021 and is estimated to maintain its dominance for the forecast period.

  • In terms of revenue, the product segment held the second largest market share of in 2021 and is estimated to grow rapidly during the forecast period.

  • The growth can be attributed to rapid urbanization, technological advancement, an increase in investment by developing countries.

  • North America captured the lion share in 2021 and is projected to retain its position over the forecast period. This can be attributed to the existence of a significant number of Push to Talk industry companies and the high adoption rate owing to government measures that stimulate this industry in this region. The growth is primarily due to the increasing collaborations.   

Market Dynamics:

Drivers:

The Transition of LMR Systems from Analog to Digital

The several benefits over analog items, digitalized products are in more demand. Digitized devices provide Machine-to-Machine (M2M) support and other high-end Industrial Internet of Things (IIoT) applications by providing a solid communication experience and greater spectrum efficiency. Industries may provide voice and data services, including M2M applications, on a highly dependable network that provides coverage over the full-service zone by utilizing modern digital mission-critical and Mobile Radio (LMR)systems.

LMR, still commonly used today, was the first technology explicitly created for PTT communication over a local private network. Digital Mobile Radio (DMR), Project 25 (P25), Terrestrial Trunked Radio (TETRA), and NXDN are examples of contemporary LMR technologies that are based on an open standard architecture and since they are digital, may function over traditional IP networks. In addition to speech, these analog technologies allow LMR to transport specific additional data. Due to the robustness of LMR equipment and the multiple failsafe features incorporated into LMR radios and networks, LMR communication has an outstanding reputation for reliability. The widespread usage of LMR systems is driving enterprises. Their conversion to digital LMR and their support for both voice and data services are encouraging businesses to successfully use broadband PTT for LMR augmentation.

Opportunity:

High-Speed 5G Network for Enhancing PTT-Related Operations

Beyond existing mobile broadband networks, 5G-enabled high-speed networks are anticipated to substantially influence innovation, productivity, and efficiency improvements. Although 5G networks are still nascent, services like mission-critical communications, as described in the 3GPP Release 13 and higher, are now accessible across LTE networks. Mission-Critical Push-To-Talk (MCPTT) services deployed over a current LTE network cannot assure compliance with Key Performance Indicators (KPIs) defined by 3GPP under any circumstances. Nevertheless, the introduction of 5G networks will offer performance developments that are anticipated in low latency services, such as mission-critical communications. First responders can quickly prioritize mission-critical traffic using 5G networks, providing other advantages like push-to-video, video sharing, group chat, file sharing, location sharing, and many more.

Purchase This Premium Report (Price 4500 USD for a single-user license) at @ https://www.vantagemarketresearch.com/buy-now/push-to-talk-market-1783/0

Benefits of Purchasing Push to Talk Market Reports:        

  • Customer Satisfaction: Our sales team of experts will available for you 24/7.

  • Analyst Support: Speak to our analyst about your questions before or after purchasing the report.

  • Assured Quality: Focuses on perfection and quality of reports.

  • Incomparable Skills: Our Analysts in-depth insights are beyond comparison.

COVID-19 Impact Analysis:

The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the manufacturing industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020.

Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

  1. Impact Assessment of COVID-19 Pandemic

    1. North America

    2. Europe

    3. Asia Pacific

    4. Latin America

    5. Middle East & Africa

  2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021

  3. Key Strategies Undertaken by Companies to Tackle COVID-19

  4. Long Term Dynamics

  5. Short Term Dynamics

The report on Push to Talk Market highlights:

  • Assessment of the market

  • Premium Insights

  • Competitive Landscape

  • COVID Impact Analysis

  • Historic Data, Estimates, and Forecast

  • Company Profiles

Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/push-to-talk-market-1783

Regional Analysis:

North America is expected to dominate the growth of Push to Talk Market in 2021.This market dominance is due to several factors, such as the rising adoption of push-to-talk solutions among various end-use industries, which comprise public safety organizations, healthcare, and government and defense, among others. Also, the presence of major players in the region is anticipated to further propel the market growth over the forecast period.

List of Prominent Players in Push to Talk Market:

  • AT&T Inc. (US)

  • Verizon Wireless (US)

  • Motorola Solutions Inc. (US)

  • T-Mobile (US)

  • Qualcomm Incorporated (US)

  • Bell Canada (Canada)

  • Iridium Satellite LLC (US)

  • Tait Communications (New Zealand)

  • Zebra Technologies Corporation (US)

  • Telstra Corporation Limited (Australia)

  • Hytera Communications Corporation Limited (China)

  • Simoco Wireless Solutions Limited (England)

  • GroupTalk (Sweden)

  • Orion Labs Inc. (US)

  • Zello Inc (US)

  • Yiip Inc. Voice Layer (US)

  • Voxer Net LLC (US)

  • International Push to Talk Ltd (iPTT) (England)

  • Enterprise Secure Chat (ESChat) (US)

  • AINA Wireless (US)

  • S.L. (Azetti Networks) (Spain)

  • Service Max Inc. (US)

  • Peak PTT (US)

  • Rug Gear (China)

  • Team Connect (US)

Browse market data Tables and Figures spread through 147 Pages and in-depth TOC on "Push to Talk Market Size, Share & Trends Analysis Report by Component (Hardware, Solutions, Services), by vertical (Public Safety, Government & Defense, Commercial), by Organization Size (Large enterprises, SMEs), by Network Type (Land Mobile Radio (LMR), Cellular), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".

Recent Developments:

July 2021: Motorola and AT&T collaborate on a second MCPTT offering for FirstNet.

April 2020: T-Mobile US and Sprint Corporation completed their merger, with T-Mobile now being the sole owner of Sprint, making Sprint an effective subsidiary of T-Mobile until the Sprint brand was officially phased out on August 2, 2020.

Key Questions Answered in The Report:

  • Which region will show the fastest and highest growth in the near future?

  • Which are the top five players and their weakness and strength of the Market?

  • What will be the future innovation in the upcoming six years?

  • Which application and product will lead the largest share of the Market?

  • What are the growth drivers, restraints and challenges of the industry?

  • What will be the CAGR and size of the Push to Talk Market for the base year and forecast period?

This market titled “Push to Talk Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

Parameter

Details

Market Size Provided for Years

2016-2028

Base Year

2021

Historic Years

2016-2020

Forecast Years

2022-2028

Segments Covered

• Component

    • Hardware

    • Solutions

    • Services

• Vertical

    • Public Safety

    • Government & Defense

    • Commercial

• Organization Size

    • Large Enterprises

    • SMEs

• Network Type

    • Land Mobile Radio (LMR)

    • Cellular

• Region

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • Middle East & Africa

Region & Counties Covered

• North America

    • U.S.

    • Canada

    • Mexico

• Europe

    • U.K

    • France

    • Germany

    • Italy

    • Spain

    • Rest Of Europe

• Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • South East Asia

    • Rest Of Asia Pacific

• Latin America

    • Brazil

    • Argentina

    • Rest Of Latin America

• Middle East & Africa

    • GCC Countries

    • South Africa

    • Rest Of Middle East & Africa

Companies Covered

• AT&T Inc. (US)

• Verizon Wireless (US)

• Motorola Solutions Inc. (US)

• T-Mobile (US)

• Qualcomm Incorporated (US)

• Bell Canada (Canada)

• Iridium Satellite LLC (US)

• Tait Communications (New Zealand)

• Zebra Technologies Corporation (US)

• Telstra Corporation Limited (Australia)

• Hytera Communications Corporation Limited (China)

• Simoco Wireless Solutions Limited (England)

• GroupTalk (Sweden)

• Orion Labs Inc. (US)

• Zello Inc (US)

• Yiip Inc. VoiceLayer (US)

• VoxerNet LLC (US)

• International Push to Talk Ltd (iPTT) (England)

• Enterprise Secure Chat (ESChat) (US)

• AINA Wireless (US)

• S.L. (Azetti Networks) (Spain)

• ServiceMax Inc. (US)

• PeakPTT (US)

• RugGear (China)

• TeamConnect (US)

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Customization of the Report:

The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

Browse More Related Report:

  • Crowdfunding Market - global Crowdfunding market is valued at USD 17.39 Billion in 2021 and is projected to reach a value of USD 43.48 Billion by 2028 at a CAGR of 16.50% over the forecast period.

  • In-Dash Navigation System Market - Global In-Dash Navigation System Market is valued at USD 13.52 billion in the year 2021 and is projected to reach a value of USD 25.85 Billion by the year 2028. The Global Market is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 11.40% over the forecast period.

  • Artificial Intelligence In Cybersecurity Market - Global Artificial Intelligence In Cybersecurity Market is valued at USD 10.18 Billion in the year 2021 and is projected to reach a value of USD 35.43 Billion by the year 2028. The Global Market is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 23.10% over the forecast period.

  • Application Security Market - Global Application Security market is valued at 6.95 USD Billion in 2021 and is projected to attain a value of 22.54 USD Billion by 2028 at a Compound Annual Growth Rate (CAGR) of 18.30% during the forecast period, 2022–2028.

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research reports. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.

Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/

Follow Us on Twitter: https://twitter.com/vantagemarketr

Contact us

Eric Kunz

6218 Georgia Avenue NW Ste 1 - 564

Washington DC 20011-5125

United States Tel: +1 202 380 9727

Email: sales@vantagemarketresearch.com

Website: https://www.vantagemarketresearch.com/

Latest Vantage Market Research Press Releases @https://www.vantagemarketresearch.com/insight/press-releases

Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs

Blog: