New Report 2019: Push-To-Talk Market Expected to Grow 10% CAGR During Forecast Period 2016-2023

Global  Push-To-Talk Market Expected to Grow 10% CAGR During Forecast Period 2016-2023. The push-to-talk is a communication device that uses the half-duplex mode to communicate with the other operator. The device has a switch that converts the full duplex mode to half duplex mode and initiates a one way communication. The device does not require to dial or answer the call unlike regular phone calls. It uses technologies such as 2G, 3G, 4G, Wi-Fi, and others to initiate an undisturbed and efficient communication between the operators. A Push-to-talk device provides customers the ability to set up calls individually or in a group. The technology is handy, convenient, and it provides a secure communication which is the basic requirement for any business. Push-to-talk devices are designed to withstand stressful and hazardous situations. The application is used in mission critical PPT which is used by government or other security agencies in critical situations.

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The global push-to-talk market is expected to grow with a high CAGR during the forecast period.  The market is witnessing growth due to the rising adoption of mobile and network devices, and other accessories such as headsets, speakers, and others.  The global market for push-to-talk is segmented on the basis of component type, technology, and end-use industry. The component type is further segmented as hardware, software, and services, among which the software segment is expected to grow significantly during the forecast period, owing to the rising demand for services over cellular phones. The end-use industry segment is divided as transport, public safety, government, construction, energy and utility and others. The growing need for public safety and security over the cellular network is accelerating the market.

The region is segmented as North America, Europe, Asia Pacific, Latin America and Middle East Africa. Technological advancements in next-generation networks in the North American region is increasing the demand for push-to-talk for cellular network. Moreover, the Europe region is expected to boost the growth of the push-to-talk devices market due to its high potential, technological advancement, and the rising usage of mobile phones.  

The key players in the push-to-talk market are AT&T, Ericsson, Kodiak, Motorola Solutions, Azetti Networks, Bell Canada, Verizon, Qualcomm, and others. Companies operating in the market are using various strategies such as mergers and acquisitions, joint ventures, partnerships, and others to gain revenue and a large market share. AT&T, a Texas-based company provides various push-to-talk products that enable a user to make calls up to 250 members simultaneously and conduct the service directly from the computer with highly secure texts, PDF files, videos and others.

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