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