The push-to-talk market is expected to garner a market value of US$ 20.01 Bn in 2022, anticipated to register a positive CAGR of 8.2% in the forecast period 2022-2032 and reach a value of US$ 44 Bn.
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The Push-to-Talk (PTT) Market Demand Analysis provides a thorough analysis of the various features, demand, product developments, revenue generation, and sales of the Push-to-Talk (PTT) Market globally.
Why is Germany at the Forefront of Europe’s Market for PTT Services & Solutions?
Germany is the hub for push-to-talk solution providers, supported by highly developed sectors in the retail, transportation, and construction industries. Demand growth from the defence and public safety sectors is anticipated to support German industry growth even more.
The European Commission (EC) published a report titled “Germany- Mobility and Transport” that states that the country’s transportation industry is highly developed and is expected to continue growing once the pandemic’s effects have subsided. According to its report, the European Commission (EC) recently gave the go-ahead for a EUR 300 million German State Aid Scheme for the years 2020 to 2023 in order to support cutting-edge transportation projects. Over the following years, this will open up new opportunities for push-to-talk service providers.
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Market Segmentation by Category
- LMR Push-to-Talk Services
- Cellular Push-to-Talk Services
- End-Use Industry
- Push-to-Talk Services for Public Safety
- Push-to-Talk Services for Commercial Use
- Transportation & Logistics
- Travel & Hospitality
- Push-to-Talk Services for Government & Defense
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
A comprehensive estimate of the Push-to-Talk (PTT) market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Push-to-Talk (PTT) during the forecast period. Price point comparison by region with the global average price is also considered in the study.
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Key Takeaways from Market Study
- Rise in demand from government and defense sector to fuel sales
- The United States to hold a major share of the global PTT market
- Germany to exhibit hegemony for push-to-talk services and solution in Europe
- China and India to take the spotlight in the world’s fastest-growing push-to-talk industry – Asia Pacific
- The United Kingdom, Germany, Japan, and France to emerge highly lucrative markets for PTT
- LMR push-to-talk solutions to be most sought-after across regions
The global push-to-talk market witnesses cut-throat competition among key players. In order to leverage new opportunities, key industry players are launching a wider variety of products. For instance,
- AT&T recently launched its new AT&T Enhanced Push-to-Talk (EPTT) Solutions in order to target a broad range of end-use sectors.
- Simoco Wireless Solutions launched its new Simoco Push equipped with DMR Radio Network and other features, a couple of years back.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
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