Dublin, Jan. 15, 2020 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.

The PTT market is segmented by components (hardware, solutions, and services), organization size, network type, vertical, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overview; services; key strategies; new service and product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the PTT market.

The global PTT market is forecast to grow from USD 25 billion in 2019 to USD 38.4 billion by 2024, at a CAGR of 9% from 2019 to 2024

Major factors expected to drive the growth of the PTT market include the demand for PoC, the proliferation of rugged and ultra-rugged smartphones, the need for driver safety, and the transition of Land Mobile Radio (LMR) systems from analog to digital.

By organization size, the large enterprise's segment to account for a higher share of the PTT market during the forecast period

Enterprises with more than 1,000 employees are categorized as large enterprises. Large enterprises are the early adopters of PTT technology, as they have a high number of field-related works and possess strong budget capabilities. They are significantly investing in PTT solutions and associated services to efficiently manage their workforce communication. They majorly focus on the efficiency of connectivity services, as they tend to be more risk-averse in their business interactions.

Additionally, they are more geographically dispersed with a high scale of business operations, which involves the need for real-time and secure communications, and the ability to share multimedia contents. The emergence of cloud-based PTT also allows for instant real-time communication between workforce teams by using their own devices. The PoC solution is device-agnostic, and hence, the large enterprises can leverage their employees' devices to install PoC applications in these devices for communication purposes.

Under network types, the LMR segment to hold a larger chunk of the PTT market share during the forecast period

The LMR network type is expected to hold a higher market share, owing to the major investments in the LMR system from commercial, defense and public safety, and transportation sectors. Despite the availability of several inexpensive radio products built over P25 (phase I and phase II) and radio technologies, it is extremely difficult for manufacturers to follow the industry standards, such as TETRA and DMR, to develop their LMR products. The development of LMR over these technologies requires extensive testing, which increases the overall development cost of the products.

Among regions, Asia Pacific to grow at the highest CAGR during the forecast period

The APAC PTT market is expected to record the highest growth rate during the forecast period, due to the rising adoption of PoC across enterprise verticals, such as transportation and logistics, travel and hospitality, and construction. The region is also the fastest adopter of smartphones, which further augment the adoption of PoC solutions. Additionally, major countries of APAC, such as China, Japan, and Singapore, have the best telecom infrastructure that allows for seamless connectivity via the PTT solution.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Global Push to Talk Market
4.2 Market By Component, 2019
4.3 Market By Service, 2019 - 2024
4.4 Market By Organization Size, 2019 - 2024
4.5 Market By Network Type, 2019 - 2024
4.6 Market By Vertical, 2019 Vs. 2024
4.7 Market By Commercial Vertical, 2017 - 2024
4.8 Market Investment Scenario (2019 - 2024)

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Growing Demand for POC Proliferation of Rugged and Ultra-Rugged Smartphones Growing Need for Driver Safety Transition of LMR Systems From Analog to Digital
5.2.2 Opportunities High-Speed 5G Network for Enhancing PTT-Related Operations Standardization of Infrastructure Platforms
5.2.3 Challenges LMR and PTT Interoperability Issues High On-Going Investments By the Public Sector to Deploy LMR Systems
5.3 Industry Use Cases
5.3.1 Use Case 1: Orion Labs Increases Summit Hospitality Group's Operational Efficiency Across Multiple Properties With Its PTT Voice Services
5.3.2 Use Case 2: Iridium Helps Protect Communities and Wildlife in Kenya With Its PTT Solution and Services
5.3.3 Use Case 3: Zello Helped Yrc Worldwide to Improve Communications for Dispatchers
5.4 1- Many Push-To-Talk Over Cellular Session

6 Push to Talk Market By Component
6.1 Introduction
6.2 Hardware
6.2.1 Smartphones Expected to Drive the Adoption of Push to Talk
6.3 Solutions
6.3.1 Push to Talk Enables Secured and Reliable Communication for Mission and Non-Mission Critical Purposes
6.4 Services
6.4.1 Consulting
6.4.2 Implementation Implementation Services to Offer Significant Revenue Growth Opportunities in the Asia Pacific
6.4.3 Support and Maintenance Field Service Assurance to Fuel the Demand for Support and Maintenance Services

7 Push to Talk Market By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.2.1 POC Provides Wide Range Communication for Large Enterprises
7.3 Small and Medium-Sized Enterprises Cost-Effectiveness of Cloud-Based Solutions to Drive the Demand Among Small and Medium-Sized Enterprises

8 Push to Talk Market By Network Type
8.1 Introduction
8.2 Land Mobile Radio Public Safety Vertical is the Major Adopter of Land Mobile Radio Systems
8.3 Cellular
8.4 Long Term Evolution to Drive the Cellular Push to Talk

9 Push to Talk Market By Vertical
9.1 Introduction
9.2 Public Safety
9.2.1 Land Mobile Radio a Reliable Network for Mission-Critical Communication
9.3 Government and Defense
9.3.1 Use of Push to Talk Solutions to Augment the Existing use of Land Mobile Radios
9.4 Commercial
9.5 POC Solution to Drive the Demand for Push to Talk Solutions Across the Commercial Vertical
9.6 Transportation and Logistics Push to Talk Solution is a Vital Tool for the Fleet Dispatchers
9.7 Travel and Hospitality POC to Improve Overall Guest and Traveler Experience
9.8 Energy and Utilities Push to Talk Devices Enable Real-Time Communication and Ensure Safety of the Large Workforce
9.9 Construction Push to Talk Solutions Offer an Effective Communication Tool on Construction Sites
9.10 Manufacturing Push to Talk Solutions Help Manufacturers to Improve Worker Safety and Improved Productivity
9.11 Others

10 Push to Talk Market By Region
10.1 Introduction
10.2 North America
10.3 United States
10.4 Canada
10.5 Europe
10.6 United Kingdom
10.7 Germany
10.8 Rest of Europe
10.9 Asia-Pacific
10.10 China
10.11 Japan
10.12 Rest of Asia-Pacific
10.13 Latin America
10.14 Brazil
10.15 Mexico
10.16 Rest of Latin America
10.17 Middle East & Africa
10.18 United Arab Emirates
10.19 Kingdom of Saudi Arabia
10.20 Rest of Middle East & Africa

11 Competitive Landscape
11.1 Introduction
11.2 Competitive Scenario
11.2.1 New Product Launches and Product Enhancements
11.2.2 Mergers and Acquisitions
11.2.3 Agreements and Partnerships
11.3 Market Ranking of Key Players

12 Company Profiles
12.1 Introduction
12.2 AT&T
12.2.1 Business Overview
12.2.2 Solutions Offered
12.2.3 Recent Developments Organic Growth Strategies
12.3 Verizon Wireless
12.4 Motorola Solutions
12.5 Sprint
12.6 Bell Canada
12.7 Iridium
12.8 Qualcomm
12.9 Tait Communications
12.10 Zebra
12.11 Telstra
12.12 Simoco Wireless Solutions
12.13 Orion
12.14 Zello
12.15 VoiceLayer
12.16 Grouptalk
12.17 Voxer
12.18 IPTT
12.19 ESChat
12.20 Aina Wireless
12.21 Azetti Networks
12.22 Zinc By ServiceMax
12.23 Hytera

For more information about this report visit https://www.researchandmarkets.com/r/xuenj3

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