The Global Push-to-talk-over cellular Market valued at US $3.94 Billion in 2022 is anticipated to reach a value of US $8.09 Billion in 2030, growing at a CAGR of 9.4%.
The popularity of applications for mobile employees has increased as a result of the workforce's increased mobility and the popularity and spread of mobile computing devices. Additionally, there is a growing demand for enhanced PTT solutions due to the proliferation of mobile applications and ongoing advancements in mobile wireless technologies. Push-to-talk solutions are being adopted by a number of businesses to manage numerous devices and networks.
PTT solutions give clients the ability to install mobile applications to streamline operations and boost staff productivity on a single device platform. For instance, according to a research by the Information Systems Audit and Control Association (ISACA), 72.3% of the American workforce will be employed remotely by 2021.
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How are sales of PTToC solutions being impacted by the development of LTE networks?
LTE networks are versatile and data-focused, and they can handle a variety of phone, data, and video services, including push-to-talk voice and full-duplex voice communications (telephony and voice chat). Numerous businesses are now selling mobile handsets with push-to-talk capabilities to take advantage of commercial networks due to the rapid development of LTE.
Additionally, commercial cellular providers offer push-to-talk via POC applications that are created for various user groups. Additionally, a number of businesses are providing push-to-talk solutions by utilising the LTE network for mission-critical applications like incident response.
For instance, the 3GPP LTE broadcast-enabled PTT (Push-to-talk) is provided on Telstra's live LTE network by Motorola Solutions, Ericsson, and Telstra. This technology may cost-effectively expand PTT service to a larger number of customers via mobile devices and offers highly secure and mission-critical LMR services.
Key Tends of Global Push-to-talk-over Cellular Market
Deployment of LTE network
Advent of Long-term Evolution (LTE) networks in the mobile communication network has replaced land-mobile radio communication technology to facilitate communication in a wider range of areas. Third generation (3G), Terrestrial Trunked Radio (TETRA), Project 25 (P25), Long Term Evolution (LTE), and Internet of Things (IoT) are evolving networks that have emerged over the years with high deployment of various applications. This has prompted the development of large bandwidth architecture that underpins mission critical push-to-talk (PTT), push-to-start, push-to-locate, and push-to-message communications service.
It has thus increased the demand for push-to-talk solutions and has witnessed high growth in communicational needs to achieve interoperable communication in case of emergencies or accidents.
Segmental Analysis of Global Push-to-talk-Over Cellular Market:
Based on Componen
Equipment
- Software
- Services
Based on Application
- Public Safety and Security
- Construction
- Energy and Utility
- Transportation and Logistics
- Manufacturing
- Government and Defence
- Travel and Hospitality
- Others
Competitive Landscape:
TT Inc., Verizon Wireless, Motorola Solutions, Inc., T-Mobile, Qualcomm Incorporated, Bell Canada, Iridium Satellite LLC, Tait Communications, Zebra Technologies Corporation, Telstra Corporation Limited, Hytera Communications Corporation Limited, Simoco Wireless Solutions Limited, GroupTalk, Orion Labs, Inc., Zello Inc., Yiip, Inc. VoiceLayer, VoxerNet LLC, International Push to Talk Ltd (iPTT), Enterprise Secure Chat (ESChat), AINA Wireless, S.L. (Azetti Networks), ServiceMax, Inc. (US), PeakPTT, RugGear, and TeamConnect.
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