The push-to-talk over cellular global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Push-to-Talk Over Cellular Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The push-to-talk over cellular market size has grown strongly in recent years. It will grow from $4.34 billion in 2023 to $4.67 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growing demand for public safety and security, rising cellular networks for communication, increased smartphone penetration, rising demand for instant communication, and increasing globalization of businesses.
The push-to-talk over cellular market size is expected to see strong growth in the next few years. It will grow to $6.35 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to rising emergency response agencies, the rise of remote work, increasing demand for mobile workforce solutions, rising regulatory compliance, and increasing telecommuting. Major trends in the forecast period include cloud-based solutions, artificial intelligence (AI) in voice recognition, integration with unified communications, Internet of Things (IoT) devices and sensors, and 5G networks.
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Scope Of Push-to-Talk Over Cellular Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Push-to-Talk Over Cellular Market Overview
Market Drivers –
An increase in penetration of mobile devices is expected to propel the growth of the push-to-talk over cellular market going forward. Mobile devices refer to portable electronic gadgets that allow users to access a wide range of functionalities, including communication, internet browsing, gaming, entertainment, productivity, and more. Mobile device penetration is on the rise due to several factors, including the affordability of smartphones and data plans, the expansion of internet access, and the trend toward remote work. Push-to-talk over cellular technology enables mobile devices to function like traditional walkie-talkies by allowing instant voice communication over cellular networks. For instance, in February 2024, according to Uswitch Limited, a UK-based price comparison and switching service company, 2.6 million mobile connections existed in the UK at the beginning of 2022, accounting for 4.2 million more than the country’s population. This represents a 3.8% growth from 2021. Therefore, the increase in penetration of mobile devices is driving the push-to-talk over cellular market.
Market Trends –
Major companies operating in the push-to-talk over cellular market are focused on integrating advanced technological solutions, such as workforce management technology, into their platforms to enhance efficiency and productivity. Workforce management technology refers to software solutions that assist organizations in optimizing their workforce by efficiently managing various aspects such as scheduling, time tracking, forecasting, and compliance monitoring. For instance, in February 2023, Mobile Tornado, a UK-based global provider of push-to-talk (PTT) instant communication and workforce management solutions, launched the world’s first push-to-talk over cellular (PTToC) platform with integrated workforce management technology. This innovative solution combines push-to-talk over cellular technology with workforce management tools, allowing organizations to communicate and manage remote and mobile workers efficiently using a single application and device. This innovative workforce management technology digitizes various manual tasks and assignments, paving the way for streamlined operations and optimized resource allocation. Developed internally, it not only transforms traditional processes but also generates valuable business intelligence, empowering better decision-making and overall efficiency improvements.
The push-to-talk over cellular market covered in this report is segmented –
1) By Component: Equipment, Software, Services
2) By Connectivity Type: 3G, 4G, Wi-Fi, Other Connectivity Types
3) By Enterprise Size: Small, Medium, Large
4) By Application: Public Safety And Security, Construction, Energy And Utility, Transportation And Logistics, Manufacturing, Government And Defense, Travel And Hospitality, Other Applications
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Regional Insights –
North America was the largest region in the push-to-talk over cellular market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the push-to-talk over cellular market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the push-to-talk over cellular market are Samsung Electronics Co, Verizon Communications Inc, AT&T Inc, T-Mobile International AG, Airbus SE, Qualcomm Technologies Inc, Bell Canada, L3Harris Technologies Inc, Kyocera Corporation, Telstra Group Limited, Telus Corporation, Motorola Solutions Inc, Zebra Technologies Corporation, Hytera Communications Corporation Limited, Iridium Communications Inc, Tait Communications, Telo Systems Corporation Limited, Sonim Technologies Inc., Simoco Wireless Solutions Limited, RugGear GmbH, Enterprise Secure Chat (ESChat), Orion Labs Inc, Servicom Ltd, Mobile Tornado, GroupTalk Sweden AB, Azetti Networks Ltd., AINA Wireless, TeamConnect, Peak PTT, SIYATA Mobile Inc
Table of Contents
1. Executive Summary
2. Push-to-Talk Over Cellular Market Report Structure
3. Push-to-Talk Over Cellular Market Trends And Strategies
4. Push-to-Talk Over Cellular Market – Macro Economic Scenario
5. Push-to-Talk Over Cellular Market Size And Growth
…..
27. Push-to-Talk Over Cellular Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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