Push-To-Talk Market Size to Reach USD 9.760 Billion by 2025 - Valuates Reports

BANGALORE, India, May 29, 2020 /PRNewswire/ -- Push-To-Talk technology is a two-way communication system that uses the half-duplex mode. This mode is similar to a walkie-talkie, in which the operators interact at different times. The Push-To-Talk approach is mainly used in wireless air traffic networks, telecommunications technology, and police radios. Other than these, it can be used in public safety, manufacturing, transport, and other use cases.

The global Push-To-Talk market size was USD 4.460 Billion in 2018 and is predicted to reach USD 9.760 Billion by the end of 2025, at a CAGR of 10.3 percent in 2019-2025.

The COVID -19 pandemic has spread to nearly 100 countries across the globe since the outbreak in December 2019. The global impacts of the 2019 coronavirus disease (COVID-19) are already starting to be felt and will affect the Push-To-Talk Market significantly in 2020.

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TRENDS INFLUENCING THE PUSH-TO-TALK MARKET

Major factors that are expected to drive the Push-To-Talk Market size include demand for Push-To-Talk over cellular (PoC), the proliferation of ultra-robust smartphones, the need for driver safety, and the transition from analog to digital Land Mobile Radio (LMR) systems.

Numerous service providers are providing Push-To-Talk compatible mobile devices to exploit commercial networks through the implementation of LTE networks. As there has been a marked increase in the penetration of smartphones and wireless devices, Push-To-Talk technology with LTE networks is likely to draw new tangents to promote efficient communication in environments where coordination between teams is crucial in the stipulated period. This implementation of the PPT technology over the LTE networks is expected to increase the Push-To-Talk market size.

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With the introduction of value-added technologies such as GPS, fleet monitoring, warehousing and management problems, transport and logistics companies are adopting Push-To-Talk over cellular technology. This widespread adoption is expected to increase the Push-To-Talk market size over the forecast period.