Mission Critical Communication Market is expected to reach US$ 27,876.68 Million by 2028 - Latest Exclusive Research by The Insight Partners

According to the new research report published by The Insight Partners on "Mission Critical Communication Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software, and Services), Technology [Land Mobile Radio (LMR) and Long Term Evolution (LTE)], and Vertical (Public Safety and Government Agencies, Transportation, Energy and Utilities, Mining, and Others)" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The mission critical communication market is expected to grow from US$ 17,031.56 million in 2022 to US$ 27,876.68 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2022 to 2028.

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Mission-critical communications are the approaches adopted to provide communication methods when traditional networks fail to address the needs. This is common at huge public events, as thousands of mobile users utilize the network simultaneously, and most public communications networks cannot sustain such intensity without collapsing. Traditional cell networks also fail in disaster-stricken areas or public safety crises, leaving onsite first responders without communication systems. Mission critical communications are also important in the oil & gas sector, coast guard departments, homeland security departments, transportation industry, unmanned vehicles, among others.

A surge in the cases of terrorism, border tensions, natural disasters, symmetric warfare, insurgencies; cross-border communication in major emergencies; damage communications infrastructures; different safety-critical tasks like lifting operations, entry to confined spaces, emergency response; need to establish coordination of between different parties, the demand for mission critical communication will grow. Also, mission-critical network and infrastructure systems provide better broadband connectivity, mobility, interoperability, and security.

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The mission critical communication market, based on geography, is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The Europe held largest market share in 2021, whereas Asia Pacific is expected to register the highest CAGR during the forecast period.

According to the European Union Agency, the number of cyberattacks rose from 432 in 2019 to 756 in 2020. Mission critical communication systems play a vital role in detecting and preventing cyberattacks. BroadNet-the European Public Safety Plan is focused on the adoption of secured mission critical broadband communications that can be operated from remote locations to ensure safety across the countries. Thus, the rise in security threats with the increasing cyberattack cases and government initiatives to adopt advanced communication solutions for security purposes are expected to create lucrative opportunities for the mission critical communication market share in Europe in the coming years.

In Europe countries, like Sweden, the Netherlands, and Switzerland are heavily investing in the development of power generation plants for reducing their carbon footprint. These factors are further contributing to the growth of the market. Additionally, new product launches across the region are further expected to propel the growth of the mission critical communication market. For instance, in April 2019, In the recently opened 410-430 MHz band, Nokia and Nordic Telecom have built the first Mission Critical Communication (MCC)-capable LTE network in the world. The Czech operator Nordic Telecom will be able to accelerate public safety and disaster relief activities thanks to Nokia's cutting-edge and future-proof mobile broadband solution, which enables new services only attainable on mobile broadband networks. Industrial development in mentioned countries will help in fueling the growth of mission critical communication market.

The List of Companies - Mission Critical Communication Market

Telefonaktiebolaget LM Ericsson; Thales Group; Motorola Solutions; L3Harris Technologies, Inc.; and Hytera Communications Corporation Ltd. are a few of the key market players. In addition, several other important mission critical communication market players were studied and analyzed during this study to get a holistic view of the global mission critical communication market and its ecosystem.

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