Public Safety-LTE Market: COVID-19 Impact Analysis - PowerPoint PPT Presentation

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Public Safety-LTE Market: COVID-19 Impact Analysis

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Public Safety-LTE Market is expected to be valued at USD 5.9 billion in 2020 and is likely to reach USD 15.4 billion by 2025; it is expected to grow at a CAGR of 21.1% during the forecast period. – PowerPoint PPT presentation

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Title: Public Safety-LTE Market: COVID-19 Impact Analysis


1
MarketsandMarkets Presents

Public Safety-LTE Market COVID-19 Impact
Analysis Public Safety-LTE Market with COVID-19
Impact Analysis by Infrastructure (E-UTRAN, EPC),
Services (Consulting and Integration), Deployment
Model (Private, Hybrid), Application (Law
Enforcement, Firefighting Services), and Region -
Global Forecast to 2025 https//www.marketsandmar
kets.com/Market-Reports/public-safety-lte-market-1
49438422.html
2
According to the new market research
report "Public Safety-LTE Market by
Infrastructure (E-UTRAN, EPC), Services
(Consulting and Integration), Deployment Model
(Private, Hybrid), Application (Law Enforcement,
Firefighting Services), and Region - Global
Forecast to 2025", published by
MarketsandMarkets, the Public Safety-LTE
Market is expected to be valued at USD 5.9
billion in 2020 and is likely to reach USD 15.4
billion by 2025 it is expected to grow at a CAGR
of 21.1 during the forecast period. Adoption of
LTE technology to eliminate the existing
interconnectivity issues between different
networks, increase in demand for unmanned
vehicles globally, seamless data connectivity
offered by LTE technology, and the COVID-19
pandemic is driving the need for efficient and
extensive network capacity are expected to help
the growth of the PS-LTE market during the
forecast period. Browse 297 market data Tables
and 61 Figures spread through 286 Pages and
in-depth TOC on "Public Safety-LTE Market -
Global Forecast to 2025"
3
The services segment of the PS-LTE market is
projected to grow at highest CAGR during forecast
period The services segment is projected to grow
at the highest CAGR from 2020 to 2025.  The
growth of the services segment can be attributed
to the expectation that the PS-LTE services would
be fully deployed in most of the regions of the
world by 2020, and there would be increased
revenue from these services than the PS-LTE
infrastructure. Moreover, the developed PS-LTE
networks in countries such as Australia, China, Qa
tar, the UAE, and the US are expected to
proliferate the demand for managed and other
professional services. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id149438422 Emergency medical
services application of PS-LTE market to grow at
highest CAGR during forecast period The emergency
medical services application is expected to
register the highest CAGR during the forecast
period. LTE networks in emergency services lead
to the sharing of real-time videos of patients
that help in obtaining the vitals of patients
virtually. It also enables the command centers to
send the nearest responders to the locations
where they are required by tracking GPS details
of patients. LTE networks in emergency services
provide information related to the hospital
assets so that the EMS personnel can shift
patients to the best-suited facilities nearby.
They also provide insights into the preexisting
conditions of patients to the EMS personnel by
providing them access to their medical record
databases and prescribed medicine.
4
PS-LTE market in North America projected to grow
at highest CAGR from 2020 to 2025 The protection
of critical infrastructures is considered to be
the most severe economic and national security
challenge by the governments of both the US
and Canada, thereby leading to the growth of the
PS-LTE market in North America. Moreover, the
deployment of new PS-LTE networks in Mexico has
further supplemented the growth of the market in
this region. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id149438422 Major players operating
in the PS-LTE market are Motorola Solutions, Inc.
(US), General Dynamics Corporation (US), Airbus
SE (Netherlands), Nokia (Finland), Harris
Corporation (US), Huawei Technologies Co. Ltd.
(China), Bittium Corporation (Finland), Samsung
Electronics Co. Ltd. (South Korea), ATT, Inc.
(US), ZTE Corporation (China), Hytera
Communications Corporation (China), and KT
Corporation (South Korea).
5
  • COVID-19 Impact on the Global Public Safety-LTE
    MarketThe market is likely to witness a slight
    plunge in terms of year-on-year growth in 2020.
    This is largely attributed to the extended
    lockdown in countries worldwide, resulting in
    affected supply chains of OEMs and shutdown of
    factories. Since the factories were being shut,
    OEMs found it difficult to find vendors who were
    willing to supply, mainly due to the disruptions
    caused by the pandemic and the social distancing
    norms. This resulted in slowing down the existing
    and new deployments. For instance, Ericsson
    (Sweden) reported that the COVID-19 pandemic has
    affected its sales and service delivery due to
    the lockdown and travel restrictions imposed by
    governments to curb the effects of the outbreak.
    Furthermore, public safety-LTE plays a crucial
    role during mission-critical services, its
    adoption as the communication standard is
    expected to rise, and hold a market size larger
    than the pre-COVID-19 forecast. This increase in
    the market size is mainly because the COVID-19
    pandemic is driving the need for efficient and
    effective communication to ensure faster response
    from public safety agencies to ensure the safety
    of people affected by the pandemic. For instance,
    the Abu Dhabi Police has adopted Hyteras
    narrowband and broadband solutions to tackle the
    pandemic.
  • Public Safety-LTE Market Dynamics
  • Driver Need for efficient and extensive network
    capacity driven by COVID-19 pandemic
  • Restraint Spectrum scarcity
  • Opportunities Adoption of LPWA connectivity
    technologies in LTE
  • Challenges High costs of developing and
    maintaining LTE network infrastructures

6
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7
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