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. The
purpose of these agencies is to deal with typical emergencies and ad hoc
emergencies as a part of their typical responsibilities. Spreading community
awareness, running prevention programs to detect, mitigate, and report
emergencies effectively are the major functions of these emergency solution
providers. These service providers use critical communications systems during
any emergency, such as natural and man-made disasters.
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). As a result, public safety agencies are replacing their
narrowband public safety networks with LTE-based networks.
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.
The
global market for maintenance services is highly fragmented and comprises
players from diverse backgrounds, ranging from specialized managed security
services (MSS) providers to telecommunication companies, system integrators,
and value-added resellers. Providers of consulting services are responsible for
identifying and mitigating risks effectively and efficiently. As a result, the
service offerings expected to grow with higher CAGR during the forecast period.
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. Moreover, various ongoing
projects, such as metro and railway communication projects, in India, China,
and South Korea, are contributing to the growth of the market in APAC.
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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).
