The Mission Critical Communication Global Market Report 2023 by The Business Research Company, provides mission critical communication market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Mission Critical Communication Global Market Report 2023, the global mission-critical communication market size is expected to grow from $16.38 billion in 2022 to $18.10 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the mission-critical communication market is expected to grow to $26.06 billion in 2027 at a CAGR of 9.5%.
The rise in security threats with the increasing cyberattack cases is expected to propel the growth of the mission-critical communication market going forward. Cyber-attacks are attempts to gain unauthorized access to computers, computing systems, and computer networks. The mission-critical communications solutions provide real-time cybersecurity features with cybersecurity compliance against cyber-attack. These systems also have high data security.
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The mission critical communication market is segmented:
1) By Product Type: Hardware, Services, and Software
2) By Technology: Long-Term Evolution (LTE), Land Mobile Radio
3) By End Users: Energy and Utilities, Public Safety and Government Agencies, Mining, Transportation, Other End Users
The advancement of technology is a key trend gaining popularity in the mission-critical communication market. Major companies operating in the market are advancing toward the use of artificial intelligence (AI) and machine learning (ML) technology to automate communication and strengthen their positions. For instance, in October 2021, Commtel Network, an India-based engineering and technology company, launched CN-SHIELD, an analytics platform that leverages big data. It uses advanced machine learning and artificial intelligence technology for the timely delivery and action of threat intelligence, enabling CNI to optimize and secure its mission-critical assets and communications networks despite the complexity of rapidly digitalizing operating environments. CN-SHIELD is an artificially intelligent software solution integrated with all assets, monitoring and assessing data, and implementing 360-degree protection in real time. The purpose of this technology is to bridge the gap in security in the era of cyber-physical systems.
Top Major Players
Motorola Solutions Inc.,
Nokia Corporation,
ZTE Corporation,
Telefonaktiebolaget LM Ericsson,
Huawei Technologies Co.
The mission critical communication market report table of contents includes:
- Executive Summary
- Mission Critical Communication Market Characteristics
- Mission Critical Communication Market Trends And Strategies
- Mission Critical Communication Market – Macro Economic Scenario
- Mission Critical Communication Market Size And Growth
- Mission Critical Communication Market Segmentation
- Mission Critical Communication Market Regional And Country Analysis
………..
- Key Mergers And Acquisitions In The Mission Critical Communication Market
- Mission Critical Communication Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Mission Critical Communication Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Mission Critical Communication Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Mission Critical Communication Market, Segmentation By End Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: Motorola Solutions Inc Financial Performance
Table 47: Nokia Corporation Financial Performance
Table 48: ZTE Corporation Financial Performance
Table 49: Telefonaktiebolaget LM Ericsson Financial Performance
Table 50: Huawei Technologies Co Ltd Financial Performance
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