Increasing Consumer Adoption To Increase Demand For Push-to-Talk (PTT) Market During 2022 - 2031 : Fact.MR

The global sales of push-to-talk are expected to grow US$ 20.01 Bn in 2022. The latest report by Fact.MR predicts that the global push-to-talk (PTT) market will expand at a CAGR of over 8.2% from 2022 to 2032, reaching US$ 44 Bn by 2032.

High internet penetration resulted in a significant increase in internet users. As a result, push-to-talk applications are now widely being adopted around the globe by individuals looking to improve their phone experience. In addition to this, it has been predicted that push-to-talk over cellular devices will achieve significant growth rates over the next few years.

A rise in public safety adoption has resulted in rapid growth in demand for push-to-talk hardware and services in recent years. PTT services with LMR networks are expected to become more and more popular over the next few years, and stakeholders are expected to benefit from new opportunities that will arise. While the COVID-19 pandemic may cause industry players to suffer temporarily, higher demand from the government and defense sectors will likely boost revenues.

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Key Segments Covered in the Push-to-Talk Industry Survey

By Network
LMR Push-to-Talk Services
Cellular Push-to-Talk Services

By End Use Industry
Push-to-Talk Services for Public Safety
Push-to-Talk Services for Commercial Use
Transportation & Logistics
Construction
Retail
Travel & Hospitality
Health
Government & Defense
Others

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Key Takeaways from the Market Study

LMR push-to-talk services to experience a CAGR of 9% from 2022 to 2032
Construction push to talk market size will surpass US$ 40 Bn by 2032.

Push-to-talk services for public safety to accumulate 50% revenue until 2032
U.S to accumulate a revenue share of around 40% in the push-to-talk services market

Germany to account for a quarter of the global push-to-talk industry revenue by 2032

China & India to collectively generate more than 3/5th of the total market share

Competitive Landscape

The global push-to-talk market witnesses cut-throat competition among key players. In order to leverage new opportunities, key industry players are launching a wider variety of products.

In January 2021, Cubic Corporation released its FirstNet ReadyTM push-to-talk gateway, which provides interoperability between Land Mobile Radio and LTE networks. Additionally, it now offers compatibility with the M3-SE-MFGW interoperability gateways and vocality RoIP.

In April 2021, Siyata Mobile Inc., a Vancouver-based manufacturer of push-to-talk over cellular (PoC) devices and cellular booster systems, has completed its previously announced acquisition, through a wholly owned subsidiary, of all the issued and outstanding shares of ClearRF, LLC, for a total purchase price of US$700,000 with a combination of cash and shares.

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More Insights Available

Fact.MR's, in its new offering, presents an unbiased analysis of the push-to-talk market, presenting historical demand data (2017-2021) and forecast statistics from 2022 to 2032.

The study divulges essential insights on the market based on network (LMR and cellular), and end-use industry (public safety and for commercial use) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

Source - https://www.factmr.com/report/push-to-talk-ptt-market

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