Global Mission-Critical Communication Market - Overview
The Global Mission-Critical Communication Market was valued at
USD 13.63 Billion in 2018 and is estimated to reach USD 26.66 Billion by 2025
growing at a CAGR of 10.5% during the forecast period 2019–2025.
Key Players
Some of the distinguished
competitors in the Global Mission-Critical Communication Market are Telstra
(Australia), Motorola Solutions, Inc.
(the US), Nokia (Finland), Hytera Communication Corp Ltd (China) ZTE
Corporation (China), Telefonaktiebolaget LM Ericsson (Sweden), Ascom
(Switzerland), AT&T Inc. (US), Huawei Technologies Co. Ltd (China), ),
Leonardo SpA (Italy), Harris Corporation (US), Cobham Wireless (UK), Mentura
Group Oy (FinlandInmarsat PLC (UK), and Zenitel (Norway) among others.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/8654
Industry Highlights
Modern characters offered
by mission-critical communication (MCX) systems and rising demand for a trusted
network during emergencies are the most crucial driving elements of the
mission-critical communication market 2020. The ability of MCX systems to interact
in situations where normal/commercial communication network does not function
has assisted them to earn grand fame. MCX systems allow the individuals to
easily connect for back-up irrespective of their location or the availability
of the commercial network.
Moreover, mission-critical
communication networks are created to offer major factors of control such as
call prioritization and pre-programmed interoperability during natural calamity
letting the neighboring systems to be utilized and other additional users to be
added on to the network irrespective of the radio technology established in
their systems. But, the lack of spectrum bandwidth is one of the major
restraining elements for the expansion of this market.
Global mission-critical communication Market
Segmentation
The Global Mission-Critical
Communication Market has been classified on the grounds of End-User, Component,
Region, and Technology.
Based on the component, the market has been
segmented into software, hardware, and services. The hardware segment has been
sub-divided into distributed management systems, command and control centers,
routers and gateways, and others. The services have been classified into
integration and maintenance segments and consulting.
The technology vertical has
been sub-divided into long-term evolution (LTE) and land mobile radio (LMR).
The vertical segment has been sub-divided into energy and utilities, public
safety and government agencies, mining, transportation, and others.
Regional Market Analysis
The mission-critical
communication market has been classified into Asia-Pacific, North America,
Europe and the Rest of the World (RoW).
North America dominated the
MCX market in 2018, earning the maximum market value of USD 4.58 billion; it is
estimated to expand at a CAGR of 10.3%. Among all the nations, the US held the
largest market share in the region owing to the existence of several local and
major vendors in the country. Introduction of LTE services by prominent service
providers such as AT&T and establishment of FirstNet, a national security
broadband network in 2012 using LTE 700 MHz spectrum results in the expansion
of the mission-critical communication market in the US. At the same,e time,
Canada is estimated to experience the quickest growth rate due to factors such
as well-established infrastructure for smoothening the establishment of modern
technologies. Canadian Advanced Technology Alliance (CATA) has composed a new
term “Global Broadband” to fetch required broadband objectives across the
globe. Sectors consisting of mining and oil & gas will continue to adopt
private LTE networks to make their operations more effective which is estimated
to expand the growth of the market.
Asia-Pacific is estimated
to be the second-fastest-growing region for the MCX market expanding at a CAGR
of 11.0% during the review period of 2019 to 2025; owing to rising investments
and fast advancements in infrastructure and transportation facilities in the
region. China holds the maximum market share in the region due to the existence
of several local and major vendors in the nation. The region is prone to
natural disasters such as hailstorms, earthquakes, floods, and others which
brings an impact on the traditional communication networks; hence, several
end-users are promoting and adopting the MCX systems and networks.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/mission-critical-communication-market-8654
About Market Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment