Critical Communication Market Research Report Size, Growth & Global Forecast – 2022-2029

Critical Communication Market

Critical Communication Market is forecast to grow at a CAGR of 8.4% over the forecast period, till 2029.

The factors driving the growth of Critical Communication Market includes growing demand for critical communication solutions across Mining, Transportation and Public Safety industries, emerging need to modernize the old equipment, expansion of the telecommunication industry and improvements in the living standards. Moreover, growing demand for high-speed broadband services, rising concerns related to terrorism related activities and public safety, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Critical Communication Market size. In addition, the increasing investments by major corporations on research and development, growing adoption of advanced technologies by major manufacturers, strategic mergers and collaborations between key industry players and rising population growth rates, are further contributing towards the market growth.

Request For a FREE Sample Report on Critical Communication Market

However, growth of the Critical Communication Market is hindered due to emerging complexities in systems and networks.

The prominent players operating in the Critical Communication Market are ZTE Corporation, Huawei Technologies Co., Ltd., Cobham Wireless, Motorola Solutions, Harris Corporation, AT&T Inc., Ascom Holding AG, Nokia Corporation, Telefonaktiebolaget LM Ericsson, and Hytera Communications among others.

Based on Offering, the Hardware segment is predicted to dominate the market during the forecast period

Increasing deployment of critical communication networks at transportation, public safety, and mining sectors, is the major factor pushing growth of the segment.

Based on Technology, the Long-term Evolution (LTE) segment is projected to hold the highest market share over the forecast period

Growing adoption of FirstNet LTE by the public safety organizations and increasing focus by major companies on deploying LTE networks, are some of the factors responsible for the segment’s growth.

Based on Region, the North American region is anticipated to lead the market during the forecast period

Presence of the leading players such as AT&T Inc., Motorola Solutions and Harris Corporation, commercialization of 5G technology across United States and Canada, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Key Development

  • In 2019, Nokia Corporation developed LTE mission-critical communication-ready network in the 410–430 MHz band in collaboration with Nordic Telecom. With this launch of a future-proof and advanced mobile broadband solution, Nordic Telecom aimed to stimulate the public protection and disaster relief efforts with the help of the innovation services.

Market Segmentation

Segmentation by Offering

  • Hardware
  • Services

Segmentation by Technology

  • Land Mobile Radio (LMR)
  • Long-term Evolution (LTE)

Segmentation by End User

  • Utilities
  • Transportation
  • Mining
  • Public Safety
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

 

 

Comments

Popular posts from this blog

Singapore Cloud Computing Market Research Report Growth | Size | Forecast to 2027

Industrial Pumps Market – Global Opportunities & Forecast, 2020-2027

Medical Packaging Market – Opportunities & Forecast 2020-2027