Push-to-Talk Over Cellular Market Projected to Reach $6.95 Billion by 2027, Redefining Instant Communication

Deployment of LTE network, rise in number of internet users around the world, and proliferation of mobile devices drive the growth of the global push-to-talk over cellular market. However, presence of latency and gaps in communication hamper the market. On the contrary, deployment of next-generation 5G networks is expected to offer lucrative opportunities for the market players.

According to the report, the global push-to-talk over cellular industry generated $3.43 billion in 2019, and is projected to garner $6.95 billion by 2027, growing at a CAGR of 9.4% from 2020 to 2027.

Request Sample Report (Get Full Insights in PDF - 150 Pages) at: https://www.alliedmarketresearch.com/request-sample/6308

COVID-19 Scenarios

1. The push-to-talk over cellular communication services have witnessed an increased demand amid COVID-19, owing to increase in the practice of remote working system. In addition, the rise in check posts to monitor the people in various areas in order to curb the spread of coronavirus has surged the demand for push-to-talk over cellular communication devices as well.

2. Whereas, the manufacturing of devices has come to a halt due to stringent regulations amid COVID-19. Furthermore, the investments and orders have been put on hold. However, with the nod given by the government the industry has restarted the processes and manufacturing at a slower pace.

By region, the global push-to-talk over cellular market across North America held the largest share in 2019, accounting for more than one-third of the market. North America industries are utilizing push-to-talk over LTE networks that help businesses to benefit from expansive commercial coverage that is much larger than that provided by private or shared LMR networks. This factor drives the market growth in this region. However, the Asia-Pacific region is projected to register the highest CAGR of 10.6% during the forecast period. Rapidly growing penetration of smartphones and expanding internet connectivity in Asia-Pacific region is expected to drive the market growth in this province.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/6308

By component, the services segment expected to register the highest CAGR of 11.6% from 2020 to 2027, owing to rise in development of network infrastructure especially in developing economies. However, the equipment segment held the largest share in 2019, accounting for more than three-fifths of the global push-to-talk over cellular market. The ability of push-to-talk over cellular devices that provides collaborate and integrated solutions such as group communications, is a major factor expected to drive the growth of the segment. In addition, as push-to-talk equipment enable interconnected Digital Mobile Radio (DMR) and cellular networks with advantages such as two-way radio boost the segment growth.

By application, the public safety and security segment held the largest share in 2019, contributing to more than one-fourth of the global push-to-talk over cellular market. Replacement of land mobile radio (LMR) with push to talk over cellular services as it offers improved public safety communications operability during emergency and coordination situations drive the segment growth. However, the transportation & logistics segment is expected to register the highest CAGR of 12.0% during the forecast period. Most of the logistics companies are replacing traditional walkie talkie communication solutions with modern communications solutions, based on digital models such as the push-to-talk over cellular phones. This factor drives the segment growth.



Buy Now & Get Exclusive Discount on this Report:  https://www.alliedmarketresearch.com/push-to-talk-over-cellular-market/purchase-option

Access Full Summury Report at: https://www.alliedmarketresearch.com/push-to-talk-over-cellular-market-A05943

Key players in the industry:

➢ Mobile Tornado

➢ Sprint Corporation

➢ Bell Canada

➢ Simoco Wireless Solutions

➢ Sonim Technologies Inc.

➢ AT&T, Inc.

➢ Qualcomm Technologies, Inc.

➢ Verizon Communications

➢ Motorola Solutions, Inc

➢ Kyocera Corporation

Inquiry Before Buying:  https://www.alliedmarketresearch.com/purchase-enquiry/6308

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:

David Correa
1209 Orange Street
Corporation Trust Center
Wilmington
New Castle
Delaware 19801
USA Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.