Push-to-Talk Over Cellular (PTToC) Market Innovations, Technology Growth and Research 2031

Persistence Market Research estimates that the push-to-talk over cellular (PTToC) market will reach US$ 12.4 billion by 2031, growing at a CAGR of more than 11%. With the top 5 carriers controlling over 60% of the market, demand for PTToC equipment and solutions will increase.

Newly released data on the PTToC market analysis indicates 9.9% y-o-y growth in 2021. Among the device types available, market share of LTE devices is the largest. Moreover, the LTE segment will expand at over 12% CAGR to remain dominant through the assessment period.

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2016-2020 Push-to-Talk over Cellular Market Analysis Compared to 2021-2031 Industry Outlook
The global push-to-talk over cellular market size is estimated to be valued at US$ 4.3 Bn in 2021. The push-to-talk over cellular solutions is expected to witness an increase at a CAGR of 11.2% during the forecast period 2021-2031.

Increased mobility of the workforce coupled with popularity and proliferation of mobile computing devices has boosted the popularity of applications for mobile workers. Moreover, with increasing number of mobile applications and continuous development in mobile wireless technologies, the need for advanced PTT solutions is growing constantly. Various companies are moving forward to adopt push-to-talk solutions to manage multiple devices and networks.

PTT solutions enable customers to consolidate to a single device platform and deploy mobile applications to increase productivity and drive efficiency in the workforce. For instance, a study by Information Systems Audit and Control Association (ISACA) has forecasted that, by 2021, 72.3% of the U.S. workforce will be remote.

The global PTToC market is anticipated to witness growth in revenue over US$ 12.4 Bn by 2031.

How is Development in LTE Networks Escalating PTToC Solution Sales?

LTE networks are multipurpose & data centric, and are capable of supporting different types of voice, data, and video services that include full-duplex voice communications (telephony and voice chat) as well as push-to-talk voice. With the rapid development of LTE, various companies are offering push-to-talk-enabled mobile devices to take advantage of commercial networks.

Furthermore, commercial cellular companies provide push-to-talk via POC applications which is designed for different user groups. Also, various companies are offering push-to-talk solutions by taking advantage of LTE network for incident response and mission-critical applications.

For instance, Motorola Solutions, Ericsson, and Telstra delivers the 3GPP LTE broadcast-enabled PTT (Push-to-talk) on Telstra's live LTE network. This technology offers highly secure and mission-critical LMR services and can cost-effectively extend PTT service to a greater number of users via mobile devices.

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Competitive Landscape

Over the years, it has been observed that the PTT providers are continuously focusing on collaborations and partnerships with each other to offer advanced solutions to address the growing and changing demands.

Moreover, due to availability of high-bandwidth 3G and 4G technologies, push-to-talk providers focus on delivering high-performance solutions to customers. This trend is expected to continue over the next few years due to increase in advanced mobile communication technologies.

Companies

AT&T
Verizon
Sprint Corporation
Mobile Tornado
Bell Canada
Motorola Solutions
Market Segmentation by Category

Component

PTToC Equipment
Mobile Devices
Network Devices
Ruggedized Devices
Hybrid Devices
Accessories
PTToC Software
Carrier-integrated PTT Solutions
OTT PTT Solutions
PTToC Services
Network Services
Integration and Deployment Services
Maintenance and Support Services
Device Type

PTToC LMR
PTToC LTE
Industry

PTToC for Public Safety & Security
PTToC for Construction
PTToC for Energy & Utility
PTToC for Transportation and Logistics
PTToC for Manufacturing
PTToC for Defense
PTToC for Hospitality
Others

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This release was published on openPR.