Push-to-Talk Over Cellular Market worth USD 8.7 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Push-to-Talk Over Cellular Market by Device Type (PTToC LMR and PTToC LTE), by Component (Devices, Software, and Services), by Connectivity Type (3G, 4G, Wi-Fi, and Others), by End-Users (Public Safety & Security, Construction, Energy & Utility, Manufacturing, Transportation & Logistics, Government & Defense, Travel & Hospitality, and Others), by Region – Global Share and Forecast to 2030". The global push-to-talk over cellular market size is expected to grow from USD 4.8 billion in 2021 to USD 8.7 billion by 2030, at a CAGR of 10.1% during the forecast period. The increasing penetration rate of smartphones and wireless devices is expected to draw new tangents by facilitating effective communication among teams within a stipulated time. A rise in connected devices and the need to connect groups and teams with instant push-to-talk communication medium using smartphones or tablets has increased significantly in recent years. Furthermore, the push-to-talk platform is rapidly evolving among professional workers, with nearly unlimited coverage over 3G, LTE, Wi-Fi & satellite, which have further increased push-to-talk adoption over cellular solutions among mobile device users.

Global Push-to-Talk Over Cellular Market Segmentation

The overall push-to-talk over the cellular market has been segmented into the device type, connectivity, component, end-users, and region.

• By Device Type (PTToC LMR and PTToC LTE)
• By Connectivity Type (3G, 4G, Wi-Fi, and Others)
• By Component (Devices, Software, and Services)
• By End-Users (Public Safety & Security, Construction, Energy & Utility, Transportation & Logistics, Manufacturing, Government & Defense, Travel & Hospitality, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Based on component, Devices is estimated to hold the largest market share during the forecast period

By component, the global push-to-talk over cellular market is segregated into devices, software, and services. The devices segment accounted for the largest market share in 2020. The rising adoption of push-to-talk devices integrated with innovative technologies is anticipated to enhance market growth. Moreover, the key market players, such as AT&T Intellectual Property, Bell Canada, ESChat, and Azetti Networks, are actively offering push-to-talk communication devices, which in turn, is significantly contributing to the segmental growth. The advanced features and technologies offered by the key players include large displays, multimedia storage, enhanced communication systems, and battery backup. For instance, in 2019, AT&T Intellectual Property launched rugged PTT devices for the performance and functionality standards of the 3GPP for MCPTT.

Further, the push-to-talk over the cellular market is supplemented by the services and software provided by key market players. Software companies increase market growth by developing and launching innovative solutions, focusing on delivering improved, reliable, and steadfast PTT devices.

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North America accounts for the largest market share in push-to-talk over cellular market 2021

Based on the region, the global push-to-talk over the cellular market has been segmented into North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America had the largest market share in the global push-to-talk over cellular due to the existence of advanced communication technologies and the availability of 4G LTE networks in the region, especially in the US. The US holds the major share in the North American market due to the rising adoption of push-to-talk over cellular among various end-use industries such as public safety organizations, government and defense, healthcare, and others. Moreover, the presence of the world’s leading telecom service providers and PoC vendors, such as AT&T, Verizon Wireless, Sprint, and Motorola Solutions, is further escalating the market growth in the region.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the push-to-talk over cellular market. It also consists of the profiles of leading companies such as Verizon Communications Inc., AT&T Inc., Mobile Tornado, Bell Canada, Motorola Solutions, Sprint Corporation, Azetti Networks, Qualcomm Technologies, Inc, Servicom, Simoco Wireless Solutions, Sonim Technologies Inc., NexusTalk, Telo Systems Corporation Limited, SIYATA Mobile, GroupTalk, Kyocera Corporation, and AINA Wireless. For instance, in March 2021, SIYATA Mobile and Softil jointly announced that Softil’s BEEHD technology would develop a new advanced mission-critical communications push to talk (MCPTT) handset Siyata.

Browse complete report: https://www.marketstatsville.com/push-to-talk-over-cellular-market

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