Report Code: 12917 | Available Format: PDF | Pages: 320
The global push-to-talk (PTT) market generated revenue of USD 36.4 billion in 2023, and it is projected to witness a CAGR of 10.5% during 2024–2030, to reach USD 73.0 billion by 2030. This is attributed to the growing application of this technology in a wide range of consumer devices, including smartphones and tablets, which has significantly contributed to its popularity among many users. These apps work well across different devices and operating systems, making communication easy.
Furthermore, several smartphone manufacturing companies nowadays provide advanced technologies and features to their customers. Some of these technologically advanced features integrated into smartphones are larger displays, high-end battery backup, improved communication, and multimedia storage. Currently, several electronics companies are directing their efforts toward developing smartphones specifically tailored for the PoC technology. The rising interest among public safety organizations in transitioning to upgraded PTT solutions is projected to have a prominent impact on the push-to-talk market in the forthcoming period.
Moreover, push-to-talk devices serve as dedicated tools equipped with a simple push-button interface, allowing users to establish instant connections with ease. Walkie-talkie radios are an example of such devices. With the evolution of technology, manufacturers have discontinued the production of radio-based PTT devices in favor of PoC options. These contemporary devices are compatible with multiple cellular networks, such as 3G and 4G, as well as Wi-Fi, providing users with a superior audio quality and encrypted communication capabilities. This is unlike radio transmissions, which are characterized by loud static noise, susceptibility to interception, unclear communication, and restricted range.
Furthermore, companies are launching new products and bringing advancements in their existing ones for the rugged smartphones designed for authorities and other specialized applications. For instance, in July 2023, KYOCERA International Inc. unveiled its ultra-rugged DuraForce PRO 3 Android smartphone, featuring numerous tools for enterprises, small businesses, first responders, and diverse industries. The device is compatible with Verizon's 5G Nationwide and 5G Ultra Wideband1 networks, ensuring high-speed connectivity for both public and private use.
Moreover, government agencies often modify the devices according to their needs, such as with the integration of GPS.
Report Attribute | Details |
Market Size in 2023 |
USD 36.4 Billion |
Market Size in 2024 |
USD 40.0 Billion |
Revenue Forecast in 2030 |
USD 73.0 Billion |
Growth Rate |
10.5% CAGR |
Historical Years |
2017-2023 |
Forecast Years |
2024-2030 |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Offering; By Network Type; By Enterprise Size; By Vertical; By Region |
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The increasing need for wireless push-to-talk devices across various sectors, such as aerospace & defense, emergency response, and corporations, is a significant driver for the market growth. Wireless devices enhance overall safety and productivity by offering end-to-end encryption. Additionally, the rising demand for networking devices has opened up opportunities for their software counterparts among smartphone users for connecting groups and members.
To cater to the growing demand, major players in the market are focusing on launching solutions and services to simplify workflows.
By network type, the land mobile radio category held the larger market share, of 80%, in 2023, and it is expected to maintain its dominance during the forthcoming period. This is because land mobile radio offers sturdy hardware, designed to endure diverse environmental conditions, coupled with the ability to function effectively on dedicated radio frequencies. This ensures robust coverage and a reliable delivery of critical messages. While newer technologies, such as cellular PTT have emerged, land mobile radio PTT remains vital for critical communications in applications where reliability and resilience are paramount.
On the basis of offering, the hardware category accounted for the largest revenue share, of 55%, in 2023, and it is further expected to maintain its dominance during the prediction period.
For instance, in May 2023, Hytera Communications released its latest PoC radio model, PNC460 X rugged smart device. It is designed to augment the productivity of teams in industrial and business scenarios with rugged hardware, open API, and PTT functionality.
Furthermore, the growing awareness of public safety, the stringent action of governments in this regard, and further advancement in the push-to-talk technology propel the growth of the market.
The solutions category is expected to showcase the fastest growth, with a CAGR of 12%, during the anticipation time frame. This is owing to the launch of innovative solutions by the players for reliable, improved, and durable PTT devices.
Geographically, APAC will witness the highest CAGR, of 14%, during the forecast period. The key factors contributing to this growth are the surging number of collaborations between top players and distributors and the advancement in the information technology infrastructure. Moreover, the growth in the transportation system in emerging economies results in the growth in the number of vehicles on the road, high traffic density, and lack of communication between drivers.
Hence, the adoption of push-to-talk technology is increasing among the drivers in the region for effective communication, to avoid accidents. Moreover, India and China are expected to witness high growth rates in the region. This is because these nations are increasingly investing in arming security organizations, such as the military and the police, with these devices. In addition, the major players in the region are focusing on launching new devices, to have an upper hand in the market.
This fully customizable report gives a detailed analysis of the push to talk market from 2017 to 2030, based on all the relevant segments and geographies.
The push-to-talk market value will reach USD 73.0 billion in 2030.
The market for push-to-talk will reach USD 40.0 billion in 2024.
The surging demand for wireless push-to-talk devices from different industries is the key push-to-talk industry driver.
Land mobile radio hold the larger push-to-talk market share.
The North American market for push-to-talk is the largest.
Government & public safety is the largest vertical in the push-to-talk industry.
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