Critical Communication Market Size, Share, Industry Forecast 2024 - PowerPoint PPT Presentation

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Critical Communication Market Size, Share, Industry Forecast 2024

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Critical communication market is projected to reach USD 19.8 billion in 2024 from USD 13.9 billion in 2019, at a CAGR of 7.4% between 2019 and 2024. High demand for critical communication solutions from diverse industries such as public safety, transportation, and medical; advanced features of critical communication networks; and increased need to modernize old equipment are the major factors contributing to the growth of the critical communication market globally. – PowerPoint PPT presentation

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Title: Critical Communication Market Size, Share, Industry Forecast 2024


1
MarketsandMarkets Presents

Critical Communication Market Size, Share,
Industry Forecast 2024 Critical Communication
Market by Offering (Hardware, Services),
Technology (Land Mobile Radio, Long-Term
Evolution), End-Use Vertical (Public Safety,
Transportation, Utilities, Mining), and Region
(North America, Europe, APAC, RoW)-Global
Forecast to 2024 https//www.marketsandmarkets.co
m/Market-Reports/critical-communication-market-958
62445.html
2
According to the new research report the global
the critical communication market is projected to
reach USD 19.8 billion in 2024 from USD 13.9
billion in 2019, at a CAGR of 7.4 between 2019
and 2024. High demand for critical
communication solutions from diverse industries
such as public safety, transportation, and
medical advanced features of critical
communication networks and increased need to
modernize old equipment are the major factors
contributing to the growth of the critical
communication market globally. Browse 62 market
data Tables and 43 Figures spread through 147
Pages and in-depth TOC on "Critical Communication
Market - Global Forecast to 2024"
3
Transportation vertical is estimated to be the
fastest growing market Transportation vertical is
expected to register the highest CAGR in the
critical communication market from 2019 to 2024.
The market growth can be attributed to the
increasing need for transforming conventional
analog networks to digital networks (LTE and
TETRA). Land Mobile Radio (LMR) to account for a
larger share of the critical communication
market  LMR is a wireless communication system
intended for use by terrestrial users in vehicles
or on foot. Also, it offers several features such
as, ease of use, reliability, familiarity, and
extensive coverage. Thus, LMR is estimated to
account a larger share of the critical
communication market. Ask PDF Brochure https//w
ww.marketsandmarkets.com/pdfdownloadNew.asp?id958
62445 North America to account for a significant
share of the global critical communication market
North America is expected to witness significant
growth during the forecast period due to the
increasing deployment of critical communication
networks by the First Responder Network Authority
(FirstNet), an independent authority within NTIA
to provide emergency responders with the first
nationwide, high-speed, broadband network
dedicated to critical communication. 
4
Hardware to dominate critical communication
market during the forecast period A few of the
vital components forming a critical
communications system are command and control
systems, infrastructure equipment, and end-user
devices. Hardware is expected to hold a larger
share of the critical communication market,
because of the rising demand from the ongoing as
well as new deployment of critical communication
networks in various end-use verticals such as
public safety, transportation, utilities, mining,
others. Moreover, major developments in oil and
gas plants to improve their operations through
intrinsically safe and highly reliable networks
and concerns toward public safety and security
are the key factors fueling the growth of the
market. Request Free Sample Pages https//www.ma
rketsandmarkets.com/requestsampleNew.asp?id958624
45 LTE technology to account for the highest
demand in the critical communication market
during the forecast period LTE is the next global
standard for critical communications, according
to several industry representatives, consultants,
and end-users. Factors such as the adoption of
LTE by FirstNet by public safety organizations in
the US, the inclination of the UK Home Office
toward LTE, and plans of South Korea to build a
nationwide LTE network for public safety are
driving the development of LTE for critical
communications. The requirements of public safety
communications are rapidly changing, involving
the adoption of broadband-based multimedia
applications, remote surveillance, and robotic
technologies such as unmanned aerial vehicles
(UAVs). As a result, public safety agencies are
replacing their narrowband public safety networks
with LTE-based networks.
5
Critical Communication Market Key Players Key
players in the market include Motorola Solutions
(US), Ericsson (Sweden), Nokia (Finland), Huawei
(China), ATT (US), Hariss (US), ZTE (China),
Cobham Wireless (UK), Inmarsat (UK), Hytera
(China), JVCKENWOOD Corporation (Japan), Mentura
Group (Finland), Tait Communications (New
Zealand), Telestra (Australia), Ascom
(Switzerland), Zenitel (Belgium), Leonardo
(Italy), Secure Land Communications (France), and
Simoco Wireless Solutions (UK). Motorola
Solutions (US), one of the global leaders, has a
broad product portfolio in the critical
communication market. The company has the
infrastructure and its technology platforms in
critical communications, video security
solutions, command center software, and support
services help to make cities safer and businesses
to grow. The companys critical communication
solutions, such as land mobile radio (LMR), keep
people connected and help them to stay safe.
Motorola Solutions operates through the following
segments Products and Systems Integration, and
Services and Software. The company has a global
footprint in more than 100 countries and has over
12,500 systems deployed across the world.
Motorola has formed alliances with players such
as Ericsson, Telstra, and Qualcomm to innovate
its first LTE Broadcast-enabled PTT calls. It
addresses the communication requirements of
government agencies, state and local public
safety and first-responder agencies, and
commercial and industrial customers that use
private communications networks and manage mobile
workforces.
6
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7
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Info https//www.marketsandmarkets.com/PressRelea
ses/critical-communication.asp
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