Push-to-talk Market worth $57.4 billion by 2028 - Exclusive Report by MarketsandMarkets™
CHICAGO, Oct. 2, 2023 /PRNewswire/ -- More mobile device integration, better data efficiency, increased security, AI integration, and growth into wearables and cloud-based solutions are anticipated for Push-to-Talk (PTT) technology in the future. Along with 5G networks and IoT applications, other major factors influencing the future of PTT technology include interoperability, globalisation, and sustainability considerations.
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Scope of the Report
By Vertical, government & public safety segment is estimated to account for the largest market share in 2023.
PTT technology has seen significant adoption within government and the public sector in recent years. This technology has proven to be invaluable in enhancing communication and coordination among various agencies, first responders, and field personnel. PTT devices and applications allow instant voice communication over dedicated networks or cellular data connections, ensuring that critical information can be shared swiftly in emergency situations or during routine operations. Government agencies, such as law enforcement, fire departments, and public works, have embraced PTT for its reliability, simplicity, and the ability to facilitate interoperability among different organizations.
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By solution, over-the-top is expected to register the fastest growth rate during the forecast period.
Over-the-top (OTT) PTT solutions revolutionize real-time communication by enabling instant voice conversations over the internet, bypassing traditional cellular networks. These solutions leverage data connectivity to deliver a PTT experience reminiscent of two-way radios, making them ideal for industries including logistics, public safety, and field services.
Asia Pacific is expected to have the highest growth rate
PTT technology has witnessed significant adoption and growth in the Asia Pacific region in recent years. This trend can be attributed to several factors, including the region's expansive and diverse geography, the need for efficient and reliable communication solutions, and the proliferation of smartphones and mobile data networks.
Top Key Companies in Push-to-talk Market
The major vendors covered in the PTT market AT&T Inc. (US); Verizon Wireless (US); Motorola Solutions, Inc. (US); T-Mobile (US); Qualcomm Incorporated (US); Zebra Technologies Corporation (US); Telstra Group Limited (Australia); Hytera Communications Corporation Limited (China); Telefonaktiebolaget LM Ericsson (Sweden); Bell Canada (Canada); Iridium Communications Inc. (US); Tait Communications (New Zealand); Airbus SE (Netherlands); L3Harris Technologies, Inc. (US); ServiceMax, a PTC Technology (US); Simoco Wireless Solutions (UK); GroupTalk (Sweden); Orion Labs, Inc. (US); Zello Inc. (US); Procore Technologies, Inc. (US); VoxerNet LLC (US); International Push to Talk Ltd (England); Enterprise Secure Chat (US); AINA Wireless (US); Azetti Networks (Spain); PeakPTT (US); RugGear (China); ProMobi Technologies (India); and TeamConnect (US).
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Push-to-talk Market Advantages:
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