Report : Europe Push to Talk Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Hardware, Software, Services); Enterprise Size (SMEs, Large Enterprises); Network Type (Land Mobile Radio, Cellular); End User (Government and Defense, Transportation and Logistics, Travel and Hospitality, Energy and Utilities, Construction, Manufacturing, Others)
According to The Insight Partners market research study on "Europe Push to Talk Market to 2027 – Regional Analysis and Forecast by Component, Enterprise Size, Network Type, End Use" is expected to reach US$ 14413.0 Mn by 2027 from US$ 6103.2 Mn in 2017. The market is estimated to grow at a CAGR of 10.25 % from 2020 to 2027.The report provides trends prevailing in the Europe push to talk market along with the drivers and restraints pertaining to the market growth. The growth of the Europe push to talk market is attributed to rising adoption of push to talk device for enterprise mobility management. However, Key challenge regarding interoperability issue may restrain the growth of the push to talk market.
The push to talk market, by component, is segmented into hardware, software, services. The hardware segment held the largest share of the Europe market in 2017. The hardware segment includes devices that are specifically used for push to talk communications in various industries including government, defense, energy & power, manufacturing & construction, travel and hospitality among others. The growing technological advancements and additional features in push to talk devices are driving the growth of these device among various industries.
AT&T Inc., Qualcomm Incorporated, Becton, VERIZON COMMUNICATIONS, INC., Zebra Technologies Corporation., Sprint Corporation, Telstra Corporation Limited, Motorola Solutions Inc., Tait Communications, Iridium Communications Inc, and BCE Inc. are among the leading companies in the push to talk market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in November 2018, AT&T introduced new functionalities of the 3GPP for Mission Critical Push to Talk (MCPTT).
The report segments the Europe Push to Talk Market as follows:
Push to Talk Market – By Component
Push to Talk Market – By Enterprise Size
Push to Talk Market – By Network Type
Push to Talk Market – By End User
Push to Talk Market – By Country