Global Mission-Critical Communication Market - Overview
The Mission Critical Communication (MCX) Market is projected to grow at a
CAGR of 10.5% during the forecast period 2019–2025. As per the mission critical
communication (MCX) market research report, the global market for mission
critical communication (MCX) is projected to grow swiftly by US$26.66 billion
by 2025. According to analysts, the advanced features offered by MCX systems as
well as rising demand for a reliable network will drive the market growth
during the forecast period 2019–2025.
The mission critical communication (MCX) market
research report offers a comprehensive analysis of the global mission critical
communication (MCX) market and its component, technology, and verticals
segments. The limited spectrum bandwidth along with high deployment cost are
the elements that could influence the mission critical communication (MCX)
market advancement throughout the forecast period 2019–2025. The mission critical
communication (MCX) market research report by expert analysts is developed to
assist organizations in the mission critical communication (MCX) market.
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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.
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.
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