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Global Push-to-talk (PTT) Market Size to Grow at a CAGR of 9.50% in the Forecast Period of 2023-2028

The ‘Global Push-to-talk (PTT) Market Price, Share, Size, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global push-to-talk (PTT) market, assessing the market on the basis of its segments like component, network type, organisation size, vertical, and major region.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Push-to-talk (PTT) Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 9.50%

The increasing application of push-to-talk (PTT) in various sectors such as government and defence, transportation and logistics, construction, and travel and hospitality, among others, is driving the demand for the market. The rapid expansion of these sectors across the emerging economies is escalating the push-to-talk (PTT) market growth. PTT equipment such as walkie-talkies and land mobile radios are witnessing a heightened demand, especially across military, security and emergency services, and public safety sectors.

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Combat soldiers, firefighters, paramedics, and construction workers can boost their productivity significantly by coordinating via PTT devices. Over the forecast period, the PTT market is expected to witness a heightened demand across transportation and logistics verticals to dynamically dispatch and pickup packages to improve the productivity of domestic delivery systems.

Push-to-talk (PTT) plays a crucial role in the construction sector, especially for construction projects in accident-prone areas. In this regard, rapid urbanisation, increasing population, and increasing investments towards residential and commercial construction projects are escalating the growth of push-to-talk (PTT) market. During the forecast period, the push-to-talk (PTT) market is expected to witness an invigorated demand across restaurants, hotels, and airports, among other hospitality pillars. Moreover, push-to-talk (PTT) enables quick communication which increases operational performance for improved customer satisfaction.

Push-to-talk (PTT) Industry Definition and Major Segments

Push-to-talk (PTT) refers to a mode of voice communication which facilitates two-way transmission of voice enabling a conversation. This is a half-duplex model which works on one touch communication using a handheld device, meaning, it enables the voice transmission of one person at a time. PTT is fast, reliable, and brings redundance to lengthy dialling procedures.

Based on component, the market is segmented into:

• Hardware
• Solution
• Services
o Consulting
o Implementation
o Support and Maintenance

By network type, the market is bifurcated into:

• Land Mobile Radio
• Cellular

On the basis of organisation size, the market is divided into:

• Large Enterprises
• Small and Medium-sized Enterprises

Based on vertical, the market is classified into:

• Public Safety
• Government and Defence
• Commercial
• Transportation and Logistics
• Travel and Hospitality
• Energy and Utilities
• Construction
• Manufacturing
• Others

On the basis of region, the market is categorised into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Push-to-talk (PTT) Market Trends

The key trends in the global push-to-talk (PTT) market include the increasing dependence on internet of things (IoT) across the government and defence sector. Increasing concerns pertaining to terrorism, unstable geopolitical scenario, and increasing military and defence expenditure across strong sovereign nations are increasing the applications of push-to-talk across this sector.

Meanwhile, the increasing demand for push-to-talk (PTT) for warehousing and manufacturing operations across facilities is another crucial trend of the market. In line with this, the anticipated increase in demand for electronics, personal care products, and premium food products, etc., are expected to accelerate the growth of the manufacturing sector, leading to a heightened demand for push-to-talk (PTT) technology. As push-to-talk (PTT) is widely adopted across the mining sector, the increasing government expenditure towards increasing mineral exploration activities are further bolstering the push-to-talk (PTT) market.

In geographical terms, Asia Pacific accounts for a decent share in the market. The rapid growth of the end users of the market, such as government and defence, and construction, is heightening the market’s growth. In addition, the thriving travel and hospitality sector across Japan, South Korea, and India, is escalating the demand of PTT to increase productivity and improve communication networks.

Key Market Players

The major players in the global push-to-talk (PTT) market report are

• AT&T Inc.
• Verizon Communications Inc.
• Motorola Solutions, Inc.
• Iridium Communications Inc.
• Tait International Limited
• Zebra Technologies Corporation
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.