Push to Talk Market Future Scope & Leading Companies | Qualcomm Technologies, Inc., Verizon, Motorola Solutions, Kyocera Corporation, Mobile Tornado, Sprint Corporation, Bell Canada, Simoco Wireless Solutions

Increasing penetration of the internet is expected to enable growth in the global push-to-talk market. Recently Fortune Business Insights published a report, titled "Push-To-Talk (PTT) Market Size, Share and Global Trend by Network (PoC, LMR), Component (Hardware, Software, Services), Application and (Public Safety & Security, Transportation & Logistics, Manufacturing & Construction, Travel & Hospitality Defense) Geography Forecast till 2025." The overall Push to Talk Market is expected to grow from USD 26.8 Billion in 2017 to USD 45.54 Billion by 2025 at a CAGR of 7% during the forecast period.

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The report also classifies the global push-to-talk market in various segments. According to the report, North America is the leading region in the global push-to-talk market. The region is expected to lead the global market through the forecast period. The growth foreseen is attributable to a widening network of quality services in the region. The push-to-talk market in Asia Pacific was worth USD 2.91 Bn in 2017. Moreover, Asia Pacific is expected to expand at a relatively higher CAGR owing to the rapid technological advancements the region witnessed in push to talk devices.

List of the organizations operating in the global push to talk market are:

Sonim Technologies Inc.
AT&T
Kyocera Corporation
Telo Systems
Kyocera Corporation
Mobile Tornado
Motorola
Qualcomm Technologies Inc.
Bell Canada
Verizon
Simoco Wireless Solutions

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Nations such as India and China are witnessing a massive shift towards online platforms due to seamless internet services. The number of cellular network provider have also increased in the region. Spurred by these factors, the demand for push to talk devices will rise, subsequently enabling growth in the Asia Pacific push-to-talk market. Moreover, the Middle East and Africa is anticipated to witness impressive growth during the forecast period. Growth witnessed in the region is propelled by initiatives taken by key market players to tap untapped opportunities in the region where there is zero presence of the network. This is likely to enable growth in the global push-to-talk market.

"IoT Integration in Push to talk devices Identified as Crucial to Growth"

The global push-to-talk market is greatly benefiting from rising Internet penetration, which is also the key reason behind the influx of new players. With this, competition prevailing in the push to talk market is likely to get fiercer. Against this backdrop, the existing market players are conducting research and development to improve the quality of and integrate new services in push to talk devices. The advent of internet of things (IoT) in push-to-talk services is also will boost the global push-to-talk market.

"Demand in Hardware Segment to Scale Higher"

In terms of components, the hardware segment emerged dominant in the global push-to-talk market in 2017. The segment accounted for 62.6% of the global market in 2017. Additionally, the market is anticipated to witness impressive growth during the forecast period. This segment is driven by the increasing adoption of a quality push to talk devices integrated with advent technology.

In addition to the aforementioned factor, the improving network infrastructure and adoption of smart devices such as smartphones, smart TV, and others, will enable the segment to grow at an accelerated pace. Additionally, rapid technological advancements in the push to talk devices and networks are likely to increase the growth rate in the global market.

"Launch of awareness programs by governments, educating people about the benefits of internet and network availability, especially in undeveloped nations is anticipated to boost the global push-to-talk market," said a lead analyst at Fortune Business Insights. Contrary to this, the lack of knowledge about push-to-talk devices and lack of proper network infrastructure are major hindrances to the growth of the market.

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