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Push to Talk (PTT) Market Types, Applications, Products, Share, Growth, Insights and Forecasts Report 2027
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NEW YORK, April 19, 2021 /PRNewswire/ A report by Fact.MR projects steady growth for the global push-to-talk (PTT) market. The PTT market has been forecast to expand at a CAGR of over 8% CAGR through 2031. Surge in demand from government and commercial sector is expected to rise, sealing push to talk market future growth opportunities. With the adoption of advanced technology and growing demand for land mobile radio (LMR) in government & defense sectors, push to talk apps and devices sales are poised to increase.
According to the study, the push to talk market size is expected to exceed the valuation of US$ 40 Bn by 2031. The demand for PTT services and solutions with LMR and cellular network is on the rise within the public safety & defense sector. This is expected to provide lucrative growth opportunities for the PTT market players through 2021. Advantages such as the need to maintain optimum security & safety level is increasing the sale
Push to Talk Market Growing at a CAGR 9.0% | Key Player Verizon Wireless, Motorola Solutions, Sprint, Bell Canada, Iridium AINA Wireless (US), AT&T (US), ESChat (US), Iridium (US), Motorola Solutions (US), Orion (US), Qualcomm (US), Sprint (US), Verizon Wireless (US), VoiceLayer (US), Voxer (US), Zebra (US), Zello (US), and Zinc by ServiceMax (US)
Push to Talk Market by Component (Hardware, Solutions, and Services), Network type (LMR and Cellular), Organization Size (SMEs and Large Enterprises), Vertical (Public Safety, Government and Defense, Commercial), and Region - Global Forecast to 2024
MarketsandMarkets forecasts the global Push to Talk (PTT) Market size to grow from USD 25.0 billion in 2019 to USD 38.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.0% during the forecast period. Major factors expected to drive the growth of the PTT market include the demand for PTT over cellular (PoC), proliferation of rugged and ultra-rugged smartphones, need for driver