Push to Talk market is expected to grow at a CAGR of 9.3% from USD 27.04 Billion in 2020 to USD 55.03 billion by 2028
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Market Size – USD 27.04 Billion in 2020, Market Growth – at a CAGR of 9.3%, Market Trends – Increasing adoption of push to talk over cellular (PoC) among SMEs
VANCOUVER, BC, CANADA, August 24, 2022 /EINPresswire.com/ -- The global push to talk (PTT) market size reached USD 27.04 Billion in 2020 and is expected to register a CAGR of 9.3% during the forecast period, according to latest analysis by Emergen Research. Increasing penetration of wireless devices and smartphones is a key factor expected to drive global push to talk market revenue growth during the forecast period. Rising need for instant communication solutions is also expected to augment global push to talk market revenue growth. Increasing adoption of push to talk over cellular (PoC) among SMEs is expected to boost global push to talk market growth to a significant extent over the forecast period. However, concerns regarding interoperability of push to talk with land mobile radio system is expected to hamper growth of the global push to talk market over the forecast period.
The report further sheds light on the competitive landscape of the push to talk (PTT) market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
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Key Companies Profiled in the Report:
Motorola Solutions, Inc., AT&T Inc., Qualcomm, Inc., Telefonaktiebolaget LM Ericsson, Zebra Technologies Corporation, Zello, Inc., Kyocera Corporation, Azetti Networks AG, Verizon Communications, Inc., and BCE Inc.
Some Key Highlights from the Report
The large enterprise segment is expected to lead in terms of revenue over the forecast period due to rising adoption of push to talk devices, solutions, and services among large enterprises.
Increasing implementation of push to talk over land mobile radio systems is expected to drive revenue growth of the land mobile radio system segment, which is expected to lead in terms of revenue contribution to the global push to talk market during the forecast period.
The public safety segment is expected to lead in terms of revenue over the forecast period due to increasing adoption of push to talk in the public safety sector.
Factors such as rising PoC adoption in countries in North America is expected to drive growth of the market in the region.
In January 2020, SFR, which is an operator in France, launched Motorola Solutions' broadband push-to-talk service. Motorola Solutions' network-integrated, mission-critical broadband PTT solution is a next-generation interconnected communication solution that can provide SFR clients with high quality, instant voice communication, while maximizing networking capacities. Individuals and groups can instantly communicate over SFR's LTE network, and the PTT service provides a wide range of improved multimedia services including push-to-text, push-to-video, geo-fencing, and geo-location.
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Emergen Research has segmented the global push to talk market on the basis of component, organization size, network type, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Solutions
Hardware
Services
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
Large Enterprises
SMEs
Network Type Outlook (Revenue, USD Billion; 2018–2028)
Land Mobile Radio System
Cellular
End-use Outlook (Revenue, USD Billion; 2018–2028)
Transportation and Logistics
Government
Energy & Utilities
Manufacturing
Education
Public Safety
Retail
Healthcare
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Dynamics:
The report offers insightful information about the market dynamics of the Push to Talk (PTT) market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Push to Talk (PTT) market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Push to Talk (PTT) market.
Radical Highlights of the Push to Talk (PTT) Market Report:
Comprehensive overview of the Push to Talk (PTT) market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Push to Talk (PTT) market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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Push to Talk (PTT) Market Size Worth USD 55.03 Billion in 2028
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