The Critical Communication Market is expected to grow from USD 13.9 billion in 2019 to USD 19.8 billion by 2024, at a CAGR of 7.4%.
High demand for critical communication solutions from diverse industries such as public safety, transportation & medical, advanced features of critical communication network, and increasing need to modernize old equipment are the major driving factors for the market’s growth during the forecast period. Need for reliable and high-quality public safety communication systems and standardization of infrastructure platforms is expected to offer tremendous growth opportunities in the near future.
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Public safety to dominate critical communication market (in terms of share) during the forecast period. The public safety vertical is a major adopter of critical communication systems. Public safety is one of the most important responsibilities of any government; it involves protecting individuals from crimes and natural disasters. An effective public safety mechanism involves disaster management and coordination between organizations such as law enforcement and border control, firefighters, emergency medical services. Effective communication is imperative for these organizations while dealing with any natural or man-made disaster. Various agencies provide emergency and rescue services and ensuring public safety.
Critical communication market for LTE technology to grow at the highest CAGR from 2019 to 2024. LTE
is the next global standard for critical communications, according to
several industry representatives, consultants, and end-users. Factors
such as the adoption of LTE by FirstNet by public safety organizations
in the US, the inclination of the UK Home Office toward LTE, and plans
of South Korea to build a nationwide LTE network for public safety are
driving the development of LTE for critical communications. The
requirements of public safety communications are rapidly changing,
involving the adoption of broadband-based multimedia applications,
remote surveillance, and robotic technologies such as unmanned aerial
vehicles (UAVs).
Service offerings to grow at higher CAGR in critical communication market during the forecast period. Services play a crucial role in the growth of the critical communication market. Integration services comprise network-related services that include planning, design, installation, and implementation of networks. Increasing instances of threats and cyberattacks and the emergence of sophisticated attacks are forcing several organizations and government organizations to upgrade their communications systems consistently. In addition, new networks also pose significant challenges for governments regarding management and operations.
APAC to grow at the highest CAGR in critical communication market during the forecast period. APAC
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. To combat the
ever-growing incidents of terrorism and natural disasters, countries in
APAC are increasing their spending on the adoption of security
solutions. In recent years, APAC has witnessed tremendous economic
growth, political transformation, and social change. Organizations in
APAC are expected to invest heavily in deploying critical communication
systems to deal with terrorist breaches and natural disasters, as well
as in verticals such as transportation, public safety, mining, and
utilities to ensure safety and security.
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Key players in the market include Motorola Solutions (US), Ericsson (Sweden), Nokia (Finland), Huawei (China), AT&T (US), Hariss (US), ZTE (China), Cobham Wireless (UK), Inmarsat (UK), Hytera (China), JVCKENWOOD Corporation (Japan), Mentura Group (Finland), Tait Communications (New Zealand), Telestra (Australia), Ascom (Switzerland), Zenitel (Belgium), Leonardo (Italy), Secure Land Communications (France), and Simoco Wireless Solutions (UK).
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