According to the latest report by IMARC Group, titled, “Push-to-Talk Over Cellular Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global push-to-talk over cellular market reached a value of US$ 4.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.4 Billion by 2027, exhibiting a CAGR of 10% during 2022-2027.
Push-to-talk over cellular (PoC) refers to a wireless two-way cellular communicating method enabling instant and global mobile connectivity with the ability to communicate on a push of a specific key. It relies on the push-to-talk communication (PTT) principle, which establishes an active connection between two individuals or groups and eliminates the requirement of answering calls. It utilizes half-duplex communication, which is extremely useful for single users who want to maintain comprehensive communication with a group without making multiple calls. PoC devices connect to the cellular model of mobile network operators using a sim card and establish a highly reliable network that requires minimum maintenance or operational expenses. Furthermore, as it offers wide geographical network coverage, PoC is widely utilized in the travel, hospitality, transportation, and logistics sectors across the globe.
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Push-to-Talk Over Cellular Market Trends and Drivers:
At present, the increasing demand for high-speed 5G connection to connect with individuals and access the internet represents one of the primary factors influencing the market positively. Besides this, the rising utilization of various smart devices, such as smartphones, tablets, and laptops, is propelling the growth of the market. In addition, technological advancements, such as the development of cloud dependent PoC services and the incorporation of connected devices with artificial intelligence (AI) and the internet of things (IoT) to enhance functionalities, are bolstering the growth of the market.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- AT&T Inc.
- Azetti Networks
- Bell Canada
- KYOCERA Corporation
- Mobile Tornado (Intechnology plc)
- Motorola Solutions Inc.
- Qualcomm Technologies Inc.
- Simoco Wireless Solutions (Team Telecom Group Limited)
- Sonim Technologies Inc
- Verizon Communications Inc.
Push-to-Talk Over Cellular Market 2022-2027 Competitive Analysis and Segmentation:
The report has segmented the market based on connectivity type, component and application.
Breakup by Connectivity Type:
- 3G
- 4G
- Wi-Fi
- Others
Breakup by Component:
- Equipment
- Software
- Services
Breakup by Application:
- Public Safety and Security
- Construction
- Energy and Utility
- Transportation and Logistics
- Manufacturing
- Government and Defense
- Travel and Hospitality
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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