Market Size of Push to Talk Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.17 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Push-to-Talk (PTT) Market Analysis
The push-to-talk market is expected to register a CAGR above 9.51% during the study period. This market expansion is primarily attributable to the increasing use of cloud-based push-to-talk over cellular (POC) technologies. The real-time and secure communication offered by cloud-based PoC is boosting the penetration of wireless PTT devices and multimedia sharing to close the communication gaps. Enterprises are using PTT to take advantage of various benefits such as cost control, improved call management, advanced safety and convenience, and portable two-way communication.
- During the projection period, market participants will benefit greatly from evolving technologies such as the Internet of Things (IoT), artificial intelligence (AI), natural language processing, and expanding online applications. Additionally, major market players use marketing techniques, such as mergers and acquisitions, to grow their businesses internationally. For instance, last year, a France-based SaaS company Sendinblue acquired PushOwl. This bootstrapped Indian start-up makes an online marketing tool for e-commerce stores to enable web push notifications.
- Increasing utilization of PTT over LTE networks has benefitted businesses from expansive commercial coverage, which is quite more prominent than that provided by shared or private LMR networks. Also, PTT over cellular extends communications beyond the single function of voice to include video, data, and connectivity with back-end business systems. Additionally, PoC offers a greater selection of affordable and ruggedized end-user device options, including feature phones, smartphones, and phablets, providing the mobile solution for virtually any type of worker and work environment at a low cost compared to LMR and rugged two-way radios.
- Surging demand for digitalized products due to the advantages over analog products is expected to propel the demand for PTT in the forecast timeframe. Digitized devices provide Machine-to-Machine (M2M) support and other high-end Industrial Internet of Things (IIoT) applications by providing a strong communication experience and greater spectrum efficiency. Industries may provide voice and data services, including M2M applications, on a highly dependable network that provides coverage over the full-service zone by utilizing modern digital mission-critical LMR systems.
- In the anticipated timeframe, a delay in the standardization of spectrum allocation will impede the market growth. The main advantage of constructing the 5G network is higher frequencies. However, it is still being determined when wireless carriers will be granted access to these spectrums to deploy 5G infrastructure.
- The push-to-talk market experienced minimum effect during the COVID-19 pandemic, as the demand for push-to-talk over cellular is still highly preferred for public safety and security application. The push-to-talk over cellular devices is extensively used by disaster management and government agencies, especially in COVID-19 hotspots for communicating in those areas. Industry experts also suggest that the push-to-talk over cellular equipment is a game-changer technology for public-safety communications.
Push-to-Talk (PTT) Industry Segmentation
Push-to-talk (PTT), often referred to as press-to-transmit, is a way to have conversations or communicate on half-duplex communication lines, such as two-way radio, by pressing a temporary button to go from voice reception mode to transmit mode. It allows users to rapidly convey messages to one or more persons at once by simply pressing a button on a handheld device. To speak and listen, users push and hold the button.
The push to talk market is segmented by component (hardware, solutions, and services), network type (LMR and cellular), vertical (public safety, government and defense, and commercial), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa).
The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.
Push to Talk Market Size Summary
The push-to-talk (PTT) market is poised for significant growth, driven by the increasing adoption of cloud-based push-to-talk over cellular technologies. These advancements facilitate real-time, secure communication, enhancing the use of wireless PTT devices and multimedia sharing. Enterprises are leveraging PTT for its cost-effective, improved call management, and advanced safety features, making it a preferred choice for portable two-way communication. The integration of technologies such as IoT, AI, and natural language processing, along with the expansion of online applications, is expected to further propel market growth. Major players are also engaging in strategic mergers and acquisitions to expand their global footprint, as seen with Sendinblue's acquisition of PushOwl. The shift towards PTT over LTE networks offers broader commercial coverage and extends communication capabilities beyond voice to include video and data, providing a versatile and affordable solution compared to traditional LMR networks.
The market's expansion is further supported by the rising demand for digitalized products, which offer superior advantages over analog systems, including enhanced communication experiences and greater spectrum efficiency. The push-to-talk over cellular devices has proven essential for public safety and security applications, maintaining its relevance even during the COVID-19 pandemic. The demand for PTT devices in public safety is driven by their robust features and the need for secure, reliable communication networks. Key players in the market are focusing on product innovation and geographical expansion to meet the growing demand for efficient solutions. The North American market, particularly the United States, is experiencing rapid growth due to the high adoption of ultra-rugged smartphones and the swift development of cellular infrastructure. The competitive landscape is marked by the presence of both small and large players, with companies like AT&T, Verizon Wireless, and Motorola Solutions leading the charge in product innovation and market expansion.
Push to Talk Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Evolving Technologies to Support Growth
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1.1.2 Proliferation of Rugged and Ultra-rugged Smartphones
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1.1.3 Increasing Transition of Analog LMR Systems to Digital LMR Systems
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1.2 Market Challenges/Restrain
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1.2.1 Delay in the Standardization of Spectrum Allocation
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2. MARKET SEGMENTATION
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2.1 Component
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2.1.1 Hardware
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2.1.2 Solutions
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2.1.3 Services
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2.2 Network Type
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2.2.1 LMR
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2.2.2 Cellular
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2.3 Vertical
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2.3.1 Public Safety
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2.3.2 Government and Defense
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2.3.3 Commercial
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Latin America
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2.4.5 Middle East and Africa
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Push to Talk Market Size FAQs
What is the current Push to Talk Market size?
The Push to Talk Market is projected to register a CAGR of 9.17% during the forecast period (2024-2029)
Who are the key players in Push to Talk Market?
AT&T Inc., Verizon Wireless, Motorola Solutions, Inc., T-Mobile and Qualcomm Technologies, Incorporation are the major companies operating in the Push to Talk Market.
