Push-To-Talk Services for Public Safety to Accumulate 50% Revenue until 2032: Fact.MR Study

Push-to-talk
sales are projected to increase by US$ 20.01 billion in 2022. According to
Fact.MR’s recent analysis, the global push-to-talk (PTT) market will grow at a
CAGR of more than 8.2% between 2022 and 2032, reaching US$ 44 Bn by that time.

 

Internet
users significantly increased as a result of high internet penetration. As a
result, push-to-talk apps are now extensively used by people all over the world
who want to enhance their phone experience. Additionally, over the next few
years, push-to-talk over cellular devices is expected to experience high growth
rates.

 

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Anticipated
Market Value in 2022

US$ 20.01
Bn

Projected
Market Value in 2032

US$ 44 Bn

Global
Growth Rate (2022-2032)

8.2% CAGR

Market
Share of the United States

40%

 

Push-to-talk
hardware and services have seen a sharp increase in demand in recent years as a
result of a spike in public safety use. Over the coming years, PTT services
using LMR networks are anticipated to grow in popularity, and stakeholders
anticipate profiting from the resulting new opportunities. While the COVID-19
epidemic may initially hurt business owners, increasing demand from the
government and defence industries will probably increase sales.

 

Important Conclusions from the Market Study

·        
From 2022 to 2032, LMR push-to-talk services
will see a CAGR of 9%.

·        
By 2032, the construction industry will generate
more than US$ 40 billion.

·        
Up until 2032, push-to-talk services for public
safety will generate 50% of revenue.

·        
U.S. to amass a revenue share of roughly 40% in
the market for push-to-talk services.

·        
By 2032, Germany will generate a fourth of the
revenue for the push-to-talk sector globally.

·        
Together, China and India will account for more
than 3/5 of the market share.

 

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Competitive Environment

Key
competitors in the push-to-talk business compete fiercely with one another. Key
firms in the business are offering a greater array of products to take
advantage of new prospects.

 

·        
The FirstNet ReadyTM push-to-talk gateway from
Cubic Corporation, which enables communication across LTE and Land Mobile Radio
networks, was made available in January 2021. Additionally, it now provides
support for vocality RoIP and the M3-SE-MFGW interoperability gateways.

 

·        
The previously announced acquisition of all of
the issued and outstanding shares of ClearRF, LLC through a wholly owned
subsidiary by Siyata Mobile Inc., a Vancouver-based producer of push-to-talk over
cellular (PoC) devices and cellular booster systems, was completed in April
2021 for a total purchase price of US$700,000. This was paid in a combination
of cash and shares.

 

Important Push-to-Talk Service and Software
Providers

·        
Azetti Networks

·        
GroupTalk

·        
Zello

·        
Iridium

·        
AT&T

·        
Simoco Wireless Solutions

·        
Motorola Solutions

·        
AINA Wireless

 

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Important Groups Included in Push-to-Talk
Industry Survey

By
Network

LMR Push-to-Talk Services
Cellular Push-to-Talk
Services

 

By
End Use Industry

Push-to-Talk Services for
Public Safety
Push-to-Talk Services for
Commercial Use

Transportation &
Logistics
Construction
Retail
Travel & Hospitality
Health
Government & Defense
Others

* This article was originally published here

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