[141 Pages Report] The critical communication market was valued at USD 11.76 Billion in 2016 and is expected to reach USD 20.12 Billion by 2023, at a CAGR of 8.1
- Advertising -
The report "Critical Communication Market by Offering (Hardware, Software), Network Technology (Land Mobile Radio and Long-Term Evolution), End-Use Vertical (Public Safety, Transportation, Utilities, Mining), and Geography - Global Forecast to 2023", The critical communication market is likely to grow from USD 12.61 Billion in 2017 to USD 20.12 Billion by 2023, at a CAGR of 8.1% between 2017 and 2023. The key factors contributing to the growth of this market include the growing data traffic leading to the requirement of high bandwidth to support the increasing user base across mission-critical applications, such as public safety, transportation, utilities, mining, and others.
In addition, the need for modernization and replacement of old equipment with new equipment is creating huge growth opportunities for the market.
Don’t miss out on business opportunities in critical communication market Speak to our analyst and gain crucial industry insights that will help your business grow:
Land mobile radios (LMRs) to hold a major share of the critical communication market, by network technology, in 2017
The larger market size of land mobile radios (LMRs) can be attributed to their extensive use to ensure public safety.
- Advertising -
LMR systems are widely used by first responders such as police, ambulances, and fire services. Commercial LMRs are available in 2 frequencies very high frequency (VHF) 150−172 MHz and ultrahigh frequency (UHF) 450−470 MHz.
LMRs can be further classified into terrestrial trunked radios (TETRAs)/P25 (Project 25) and analog.
Hardware to hold a larger share of the critical communication market, by offering, by 2023
Hardware forms the backbone of a critical communication network system. Some of the vital components forming a critical communication system are command and control, infrastructure equipment, and handheld devices.
Hardware is expected to hold a larger share of the critical communication market, by offering, because of the rising demand from the ongoing as well as new deployment of critical communication networks in North America and Europe.
Browse and in-depth TOC on "Critical communication marketritic…munication market "
98 - Tables
63 - Figures
188 - Pages
Critical communication market in APAC to grow at the highest rate between 2017 and 2023
In the recent years, APAC has undergone tremendous economic growth, political transformation, and social change. Organizations in APAC are expected to invest heavily in critical communication to deal with terrorist breaches and natural disasters, and for use in applications such as transportation.
In addition, this region is witnessing a surge in the smart city projects; which is creating a demand for critical communication technologies, such as surveillance technology, scanning, and critical communication networks.
Request for Free Sample Report @ www.marketsandmarkets.com/requests…w.asp?id=95862445
Motorola (US), Ascom (Switzerland), Ericsson (Sweden), Nokia (Finland), ZTE (China), Huawei (China), AT&T (US), Harris (US), Hytera (China), Cobham Wireless (UK), Leonardo (Italy), Mentura Group (Finland), Inmarsat (UK), Zenitel (Belgium), and Telstra (Australia) are some of the major players operating in the critical communication market.
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...