According to a new market research report ?Push to Talk Market by Component (Hardware, Solutions, and Services), Network type (LMR and Cellular), Organization Size (SMEs and Large Enterprises), Vertical (Public Safety, Government and Defense, Commercial), and Region ? Global Forecast to 2024? published by MarketsandMarkets, the global push to talk market size to grow from USD 25.0 billion in 2019 to USD 38.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.0% during the forecast period. Major factors expected to drive the growth of the push to talk market include the rising adoption of push to talk over Cellular (PoC) in commercial verticals, increasing adoption of the first mobile strategy by push to talk vendors, and growing need for workforce safety.
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