Push to Talk over Cellular Market Is Projected to Grow Significantly to Reach US$ 5,658.0 Mn by 2026
Persistence Market Research (PMR) recently published a report titled "Push-to-Talk Over Cellular Market – Global Industry Analysis 2013-2017 and Market Forecast 2018-2026." In this report, PMR has segmented the global push-to-talk over cellular market on the basis of component, industry, and region. By component, the market is subsegmented into equipment, software, and services. The equipment segment is further subsegmented into mobile devices, network devices, and accessories. The services segment is also further subsegmented into network services, integration & deployment services, and maintenance & support services. The increasing penetration of IoT devices in various industry verticals is encouraging mobile device manufacturers to integrate push-to-talk over cellular software in these devices. Owing to this factor, the software subsegment is projected to register more than 30% of the market share at the end of 2018 in the global push-to-talk over cellular market. Moreover, the software segment is expected to grow at a relatively higher CAGR as the demand for push-to-talk over cellular software is growing rapidly in various countries, such as India, U.K., and China, due to a continuous increase in the number of mobile workforce.
Apart from this, the services segment is also expected to witness a high growth rate during the forecast period as the demand for integration & deployment services and maintenance & support services for push-to-talk over cellular solutions is growing rapidly in various developing countries around the world.
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