According to a new report Global Push to Talk Market, published by KBV Research, The Global Push to Talk Market size is expected to reach $43.8 billion by 2025, rising at a market growth of 10.1% CAGR during the forecast period. Key factors expected to influence the push-to-talk market growth include increased adoption of push-to-talk over cellular (PoC) in commercial verticals, mass adoption of the mobile-first strategy by pushing vendors to talk, and increased need for workforce safety.
The Public Safety segment is an early adopter of the PTT technology. The vertical's investments in LMR systems have been immense. The Transportation & Logistics market is expected to witness a CAGR of 9.1% during (2019 - 2025). Additionally, The Construction market is anticipated to witness CAGR of 10.7% during (2019 - 2025).
PoC has seen strong growth in North America, due to the availability of 4G LTE networks. The increasing criminal activity, natural disasters, and cross-border terrorism are among the key factors causing the need for public safety, which is boosting the regional demand for PTT services. The Europe market would witness a CAGR of 9.3% during (2019 - 2025). Additionally, The Asia Pacific market is poised to grow at a CAGR of 11.8% during (2019 - 2025).
The Large Enterprises market dominated the Global Push to Talk Market by Organization Size in 2018, and would continue to be a dominant market till 2025. The Small & Medium-Sized Enterprises market is anticipated to grow at a CAGR of 12.8% during (2019 - 2025).
In terms of component, due to the adoption of good-quality push-to-talk devices with innovative technologies, the hardware sub-segment is expected to experience the significant CAGR over the forecast period. This aspect will subsequently serve in the growth of the push-to-talk market. The Solutions market is expected to witness a CAGR of 10.7% during (2019 - 2025). Additionally, The Services market is expected to witness CAGR of 11.4% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/push-to-talk-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AT&T, Inc., Ericsson AB, Motorola Solutions, Inc., Qualcomm, Inc., Zebra Technologies Corporation, Verizon Communications, Inc., Sprint Corporation (SoftBank Group), Azetti Networks AG, Kyocera Corporation, Zello, Inc., and BCE, Inc.
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