December 15, 2020
According to the research report titled ‘Global Push-to-Talk Over Cellular Market Size study, by Component (Equipment, Software, Services), by Application (Public safety & security, Construction, Energy & utility, Transportation & logistics, Manufacturing, Government & Defense, Travel & hospitality, Others) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global push-to-talk over cellular market was worth USD 3.4 billion in 2019 and is anticipated to record a y-o-y growth rate of 9.4% during 2020-2027.
Extensive deployment of LTE network, and growing number of internet users in developing & developed economies are primarily driving the growth of global push-to-talk over cellular market.
For those uninitiated, push-to-talk over cellular is a kind of wireless two-way communication technology, which integrates digital mobile radio (DMR) network by maintaining a continuous, half-duplex dynamic connection between or within group of users. It offers one-to-one and one-to-many voice communication facilities across a cellular network and covers push-to-talk voice service for smartphone communication.
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Surging demand for consistent communication services with superior quality audio support is anticipated to augment global push-to-talk over cellular industry size in the upcoming years. Moreover, the outbreak of COVID-19 pandemic has boosted the adoption of push-to-talk over cellular due to its usage for two-way communication between government and disaster management agencies in containment zones, along with aiding in limiting the further spread of the virus.
Despite the favorable scenario, presence of latency and communication gaps are likely to hamper global push-to-talk over cellular industry expansion over the forecast timespan.
Considering the regional terrain, prominent regions considered for worldwide push-to-talk over cellular industry analysis are Asia Pacific, Europe, Latin America, North America, and Rest of the World. North America presently dominates the overall market and is slated to grow substantially over 2020-2027, attributable to growing adoption of LTE network.
On the other hand, Asia Pacific push-to-talk over cellular market size is reckoned to accrue notable gains by the year 2027, owing to rising disposable income, surging demand for latest technology, and modernization in security sector.
Major partakers operating in global push-to-talk over cellular market sphere are Sonim Technologies Inc., Simoco Wireless Solutions Pty Ltd., Bell Canada, Sprint Corporation, Mobile Tornado, Kyocera Corporation, Motorola Solutions Inc., Verizon Communications Inc., Qualcomm Technologies Inc., and AT&T Inc.