DUBLIN--(BUSINESS WIRE)--The "Push to Talk Market by Component (Hardware, Solutions, and Services), Network type (LMR and Cellular), Organization Size (SMEs and Large Enterprises), Vertical (Public Safety, Government and Defense, Commercial), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The author forecasts the global PTT market size to grow from USD 25.0 billion in 2019 to USD 38.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.0% from 2019 to 2024.
Growing demand for PTT over Cellular (POC) to drive the demand for Push to Talk (PTT)
Major factors expected to drive the growth of the PTT market include the demand for PoC, the proliferation of rugged and ultra-rugged smartphones, the need for driver safety, and the transition of Land Mobile Radio (LMR) systems from analog to digital.
By organization size, the large enterprise's segment to account for a higher share of the PTT market during the forecast period
Enterprises with more than 1,000 employees are categorized as large enterprises. Large enterprises are the early adopters of PTT technology, as they have a high number of field-related works and possess strong budget capabilities. They are significantly investing in PTT solutions and associated services to efficiently manage their workforce communication. They majorly focus on the efficiency of connectivity services, as they tend to be more risk-averse in their business interactions. Additionally, they are more geographically dispersed with a high scale of business operations, which involves the need for real-time and secure communications, and the ability to share multimedia contents. The emergence of cloud-based PTT also allows for instant real-time communication between workforce teams by using their own devices. The PoC solution is device-agnostic, and hence, the large enterprises can leverage their employees' devices to install PoC applications in these devices for communication purposes.
Under network types, the LMR segment to hold a larger chunk of the PTT market share during the forecast period
The LMR network type is expected to hold a higher market share, owing to the major investments in the LMR system from commercial, defense and public safety, and transportation sectors. Despite the availability of several inexpensive radio products built over P25 (phase I and phase II) and radio technologies, it is extremely difficult for manufacturers to follow the industry standards, such as TETRA and DMR, to develop their LMR products. The development of LMR over these technologies requires extensive testing, which increases the overall development cost of the products.
Among regions, Asia Pacific to grow at the highest CAGR during the forecast period
The APAC PTT market is expected to record the highest growth rate during the forecast period, due to the rising adoption of PoC across enterprise verticals, such as transportation and logistics, travel and hospitality, and construction. The region is also the fastest adopter of smartphones, which further augment the adoption of PoC solutions. Additionally, major countries of APAC, such as China, Japan, and Singapore, have the best telecom infrastructure that allows for seamless connectivity via the PTT solution.
Reasons to Buy the Report
- It comprehensively segments the PTT market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
- It would help stakeholders understand the pulse of the market and provide information on the key market drivers, challenges, and opportunities.
- It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes a competitor ecosystem, new service developments, partnerships, and acquisitions.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Inclusions and Exclusions
1.4 Market Scope
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Assumptions for the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Global Push to Talk Market
4.2 Market By Component, 2019
4.3 Market By Service, 2019 - 2024
4.4 Market By Organization Size, 2019 - 2024
4.5 Market By Network Type, 2019 - 2024
4.6 Market By Vertical, 2019 Vs. 2024
4.7 Market By Commercial Vertical, 2017 - 2024
4.8 Market Investment Scenario (2019-2024)
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.3 Industry use Cases
5.4 1- Many Push-To-Talk Over Cellular Session
6 Push to Talk Market By Component
6.1 Introduction
6.2 Hardware
6.3 Solutions
6.4 Services
7 Push to Talk Market By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.3 Small and Medium-Sized Enterprises
8 Push to Talk Market By Network Type
8.1 Introduction
8.2 Land Mobile Radio
8.3 Cellular
8.4 Long Term Evolution to Drive the Cellular Push to Talk
9 Push to Talk Market By Vertical
9.1 Introduction
9.2 Public Safety
9.3 Government and Defense
9.4 Commercial
9.5 POC Solution to Drive the Demand for Push to Talk Solutions Across the Commercial Vertical
9.6 Transportation and Logistics
9.7 Travel and Hospitality
9.8 Energy and Utilities
9.9 Construction
9.10 Manufacturing
9.11 Others
10 Push to Talk Market By Region
10.1 Introduction
10.2 North America
10.3 United States
10.4 Canada
10.5 Europe
10.6 United Kingdom
10.7 Germany
10.8 Rest of Europe
10.9 Asia Pacific
10.10 China
10.11 Japan
10.12 Rest of Asia Pacific
10.13 Latin America
10.14 Brazil
10.15 Mexico
10.16 Rest of Latin America
10.17 Middle East and Africa
10.18 United Arab Emirates
10.19 Kingdom of Saudi Arabia
10.20 Rest of Middle East and Africa
11 Competitive Landscape
11.1 Introduction
11.2 Competitive Scenario
11.3 Market Ranking of Key Players
12 Company Profiles
12.1 Introduction
12.2 AT&T
12.2.1 Business Overview
12.2.2 Solutions Offered
12.2.3 Recent Developments
12.2.3.1 Organic Growth Strategies
12.3 Verizon Wireless
12.4 Motorola Solutions
12.5 Sprint
12.6 Bell Canada
12.7 Iridium
12.8 Qualcomm
12.9 Tait Communications
12.10 Zebra
12.11 Telstra
12.12 Simoco Wireless Solutions
12.13 Orion
12.14 Zello
12.15 VoiceLayer
12.16 Grouptalk
12.17 Voxer
12.18 IPTT
12.19 ESChat
12.20 Aina Wireless
12.21 Azetti Networks
12.22 Zinc By ServiceMax
12.23 Hytera
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