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Critical Communication Market is estimated to rise at a significant CAGR of 8.4% between 2022-2029 | Size, Share, Analysis & Forecast

11-26-2022 11:40 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Critical Communication Market

Critical Communication Market

Critical Communication Market is forecast to grow at a CAGR of 8.4% over the forecast period, till 2029.

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/critical-communication-market-analysis-industry-research/

The factors driving the growth of Critical Communication Market includes growing demand for critical communication solutions across Mining, Transportation and Public Safety industries, emerging need to modernize the old equipment, expansion of the telecommunication industry and improvements in the living standards. Moreover, growing demand for high-speed broadband services, rising concerns related to terrorism related activities and public safety, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Critical Communication Market size. In addition, the increasing investments by major corporations on research and development, growing adoption of advanced technologies by major manufacturers, strategic mergers and collaborations between key industry players and rising population growth rates, are further contributing towards the market growth.

However, growth of the Critical Communication Market is hindered due to emerging complexities in systems and networks.

The prominent players operating in the Critical Communication Market are ZTE Corporation, Huawei Technologies Co., Ltd., Cobham Wireless, Motorola Solutions, Harris Corporation, AT&T Inc., Ascom Holding AG, Nokia Corporation, Telefonaktiebolaget LM Ericsson, and Hytera Communications among others.

Based on Offering, the Hardware segment is predicted to dominate the market during the forecast period

Increasing deployment of critical communication networks at transportation, public safety, and mining sectors, is the major factor pushing growth of the segment.

Based on Technology, the Long-term Evolution (LTE) segment is projected to hold the highest market share over the forecast period

Growing adoption of FirstNet LTE by the public safety organizations and increasing focus by major companies on deploying LTE networks, are some of the factors responsible for the segment's growth.

Based on Region, the North American region is anticipated to lead the market during the forecast period

Presence of the leading players such as AT&T Inc., Motorola Solutions and Harris Corporation, commercialization of 5G technology across United States and Canada, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Key Development

In 2019, Nokia Corporation developed LTE mission-critical communication-ready network in the 410-430 MHz band in collaboration with Nordic Telecom. With this launch of a future-proof and advanced mobile broadband solution, Nordic Telecom aimed to stimulate the public protection and disaster relief efforts with the help of the innovation services.

Market Segmentation

Segmentation by Offering

Hardware
Services

Segmentation by Technology

Land Mobile Radio (LMR)
Long-term Evolution (LTE)

Segmentation by End User

Utilities
Transportation
Mining
Public Safety
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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Contact Person: Sarah Nash
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