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The Push To Talk Global Market Report 2023 by The Business Research Company, provides push to talk market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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In accordance with The Business Research Company’s illuminating Push To Talk Global Market Report for 2023, the market is poised to expand robustly from $25.21 billion in 2022 to a projected $27.57 billion in 2023, boasting a noteworthy compound annual growth rate (CAGR) of 9.3%. However, the complex geopolitical landscape, notably intensified by the Russia-Ukraine conflict, has cast a shadow over the global economic recovery, particularly in the short term. This geopolitical turmoil has triggered widespread economic sanctions, escalated commodity prices, and induced supply chain disruptions, fostering inflationary pressures across diverse goods and services sectors, thereby exerting a profound impact on various markets worldwide. Anticipated growth in the global push-to-talk market is indicative of a trajectory toward a size of $39.5 billion by 2027, fueled by a commendable CAGR of 9.4%.
The increase in penetration of wireless devices and smartphones is driving the growth of the push-to-talk market. The rapid adoption of smartphones continues.
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The push to talk market is segmented:
1) By End-User: Public Safety and Security, Transportations and Logistics, Government, Energy and Utility
2) By Technology: 3G, 4G, Wi-Fi
3) By Components: Hardware, Software, Services
Top 5 Major Players:
- American Telephone and Telegraph Company,
- Motorola Solutions, Inc.,
- Qualcomm, Inc.,
- Verizon Communications, Inc.,
- Sprint Corporation
The landscape of push-to-talk technology is dynamically evolving, marked by a palpable integration of cutting-edge technologies. Pivotal advancements such as the deployment of 5G infrastructure and the LTE network have opened new vistas of opportunities within the push-to-talk market. Concurrently, transformative technologies including the Internet of Things (IoT), Artificial Intelligence (AI), and natural language processing are becoming increasingly integral to the industry’s fabric. Illustratively, in March 2020, the American Telephone and Telegraph Company (AT&T) heralded the advent of its groundbreaking FirstNet Push-to-Talk (FirstNet PTT), a solution anchored in the 3rd Generation Partnership Project’s (3GPP) mission-critical push-to-talk (MCPTT) standard. This pioneering solution empowers public safety entities to leverage smartphones, while specialized ultra-rugged devices seamlessly integrate a two-way radio functionality, ensuring unparalleled reliability and high-performance communication. The infusion of these sophisticated technologies augurs well for the continued advancement of the push-to-talk market, solidifying its role as a cornerstone in the realm of communication technologies.
1. Executive Summary
2. Push to Talk Market Characteristics
3. Push to Talk Market Trends And Strategies
4. Push to Talk Market – Macro Economic Scenario
5. Push to Talk Market Size And Growth
…
26. Africa Push to Talk Market
27. Push to Talk Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Push to Talk Market
29. Push to Talk Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Push to Talk Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Push to Talk Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Push to Talk Market, Segmentation By Components, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 46: American Telephone and Telegraph Company Financial Performance
Table 47: Motorola Solutions Inc., Financial Performance
Table 48: Qualcomm Inc., Financial Performance
Table 49: Verizon Communications Inc., Financial Performance
Table 50: Sprint Corporation Financial Performance
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