8/31/2023 0 Comments Push to talk phones us![]() This can be attributed to the existence of a significant number of Push to Talk industry companies and the high adoption rate owing to government measures that stimulate this industry in this region. North America captured the lion share in 2021 and is projected to retain its position over the forecast period.The growth can be attributed to rapid urbanization, technological advancement, an increase in investment by developing countries.In terms of revenue, the product segment held the second largest market share of in 2021 and is estimated to grow rapidly during the forecast period.In terms of revenue, the application segment held the largest revenue share of in 2021 and is estimated to maintain its dominance for the forecast period.The global Push to Talk Market was valued USD 28.8 Billion in 2021 and is all set to surpass USD 47.7 Billion by 2028, exhibiting a CAGR of 8.8% during the forecast period 2022-2028.Key Industry Findings & Insights from the report: Get Access to a Free Copy of Our Latest Sample Report The Global Market revenue was valued at USD 28.8 Billion in 2021 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period states Vantage Market Research, in a report, titled “ Push to Talk Market Size, Share & Trends Analysis Report by Component (Hardware, Solutions, Services), by vertical (Public Safety, Government & Defense, Commercial), by Organization Size (Large enterprises, SMEs), by Network Type (Land Mobile Radio (LMR), Cellular), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028) ”. The Global Push to Talk Market revenue is expected to reach a value USD 47.7 Billion in 2028. Also, the increase in the adoption of IoT technology for infrastructure management and city monitoring and the exponential rise in urban population are anticipated to drive the market. 17, 2022 (GLOBE NEWSWIRE) - Push-to-talk over cellular is widely used for applications that require wide geographical coverage, such as public safety & security, transportation & logistics, and more. ![]()
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