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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
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Growing Cyber Crime Incidents Necessitate Robust Public Safety Software Apparatus: Fact.MR
NEW YORK, March 5, 2021 /PRNewswire/ Adoption of public safety software continues to grow, with a new report by Fact.MR estimating revenues to grow at nearly 30% through 2031. Growing instances of cybercrime, especially the spike witnessed during COVID-19, has accelerated adoption of public safety software. Fact.MR s analysis reveals that adoption of public safety software among law enforcement agencies will further gain traction in 2021.
According to FBI crime report 2019, 1.7 billion cyber-crime-related financial losses were reported in the U.S. Surging cases of cybercrimes have been fuelling the demand for public safety software.