Push-to-Talk Over Cellular (PTToC) Market 2022 Global Trends, Market Share, Industry Size, Growth, Sales, Opportunities, and Market Forecast to 2031

According to Persistence Market Research, and is expected to reach US$ 12.4 Bn by 2031, increasing at a CAGR of over 11% through 2031.

The global push-to-talk over cellular (PTToC) market is estimated to be valued at US$ 4.3 Bn in 2021, and register a CAGR of over 11% during the forecast period (2021-2031), with revenues in the public safety and security segment growing at a robust 12.8% CAGR, according to a revised study by Persistence Market Research.

Land Mobile Radio (LMR) has been one of the most preferred communication networks for a variety of industries in the past few years. However, various limitations of LMR systems, such as short network range and high capital investment, are responsible for the growth of push-to-talk over cellular technology.

Push-to-talk over cellular removes the limitation of short network range and provides users a wide network range without the need to develop and maintain a costly and complex network. Due to significant benefits of push-to-talk technology, these systems are now widely used in a variety of industries, which include public safety, construction, utilities, and transportation. Thus, several advantages of push-to-talk over traditional LMR technology is one of the major factors fueling market growth.

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Public sector and defense sectors are using push-to-talk services for safety level, optimum security, and ease of communication. There is an increase in demand for PTT services with LMR networks in these 2 sectors, and this results in opening new opportunities for push-to-talk solution providers. Defense sectors are using phones as walkie-talkies with unlimited range. This need is expected to create potential growth opportunities for push-to-talk services.

Key Players:

The report has profiled some of the Important players prevalent in the global like - AT & T, Verizon, Sprint Corporation, Mobile Tornado, Bell Canada, Motorola Solutions, Azetti Networks, Qualcomm, Servicom, Simoco Wireless Solutions, Samsung, GroupTalk, NexusTalk, Kyocera Corporation, Sonim Technologies Inc., Telo Systems Corporation Limited, AINA Wireless, SIYATA Mobile, and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Push-to-Talk Over Cellular (PTToC).

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Key Takeaways from Market Study

Mobile devices are currently holding a large part of the market share, and are estimated to continue their dominance over the forecast period.

Long-Term Evolution (LTE) devices are dominating the market, and are anticipated to expand at a CAGR of 12.2% from 2021 and 2031. Due to significant benefits of push-to-talk technology, these systems are now widely used in a variety of industries such as public safety, construction, utilities, and transportation.

Demand for PTT solutions in public safety and security industry is anticipated to grow at a significant rate over the forecast period. The security segment accounted for highest share in push-to-talk over cellular market as the technology is continuously helping in improving interoperable capabilities.

Europe push-to-talk over cellular market is expected to register a high CAGR, due to an increase in the number of mobile workforce and continuous developments in telecommunication infrastructure.

The market for PTToC in South Korea and the U.K. is expected to surge ahead at growth rates of around 13% and 16%, respectively.

PTToC integration in Canada is anticipated to witness strong growth rate of over 11% between 2021 and 2031.

Further, the Mexico market for push-to-talk over cellular is projected to grow at are markable market share of close to 41% through 2031.

"Deployment of 5G services have already been introduced in developed regions, which will support faster mobile communication. Thus, PTToC solution providers can focus on developing advanced solutions through collaboration and partnerships in order to expand their operations in these regions," says a Persistence Market Research analyst.

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This release was published on openPR.