The global push to talk market size is expected to grow from $23.05 billion in 2021 to $25.24 billion in 2022 at a compound annual growth rate (CAGR) of 9.51%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The push-to-talk market is expected to reach $36.40 billion in 2026 at a CAGR of 9.58%.
What is the Global Push to Talk Market?
The push-to-talk market consists of sales of push-to-talk solutions by entities (organizations, sole traders, and partnerships) that are used to provide two-way communication services like a walkie-talkie. The push-to-talk is half duplex telecommunication method in which communication can be only transmitted in one direction at a time.
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What drives the Global Push to Talk Market?
The increasing penetration of wireless devices and smartphones is driving the growth of the push to talk market. Rapid adoption of smartphones continues. For example, more than 50% of mobile handsets in the USA have future penetration gains anticipated. In the USA there are 325 million mobile subscriptions, a 103% penetration rate. Therefore, the increasing penetration of wireless devices and smartphones is driving the push to talk market rapidly.
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Global Push to Talk Market Segments
The global push to talk market is segmented:
By End-User: Public Safety and Security, Transportations and Logistics, Government, Energy and Utility
By Technology: 3G, 4G, Wi-Fi
By Component: Hardware, Software, Services
By Geography: The regions covered in the push to talk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Push to Talk Global Market Report 2022 provides market size and growth forecasts for the global push to talk market, global push to talk market share, push to talk market segments and geographies, push to talk market competitive landscape including leading competitors’ revenues, profiles and market shares. The push to talk market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Push to Talk Industry Players include American Telephone and Telegraph Company, Motorola Solutions, Inc., Qualcomm, Inc., Verizon Communications, Inc., Sprint Corporation, Bell Canada Enterprises Inc, Ericsson AB, Zebra Technologies Corporation, Azetti Networks AG, Kyocera Corporation, Zello, Inc., Simoco Wireless Solutions, Sonim Technologies Inc, Mobile Tornado Group Plc, and Telstra Corporation Limited. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
