Critical Communication
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Critical Communication Market Size Growth Forecast: What to Expect by 2025?
The size of the critical communication market has been expanding at a swift pace in recent times. The market is expected to escalate from a value of $21.38 billion in 2024 to approximately $24.23 billion in 2025, with a compound annual growth rate (CAGR) of 13.3%. The robust growth observed in the historic period is a result of the transformation from analog to digital communication, advancements in LTE and 5g technology, the rise of the Internet of Things, mandates for interoperability and communication standards, and spectrum allocation.
How Will the Critical Communication Market Size Evolve and Grow by 2029?
Expectations are high for a swift expansion in the critical communication market in the coming years, ballooning to a worth of $39.64 billion by 2029, with a compound annual growth rate (CAGR) of 13.1%. Factors contributing to this expected growth during the forecast period include the requirement for dependable communication systems, the demand for robustness and reliability, strategic collaborations, a rise in natural disasters due to climate change, and the integration of eco-friendly, energy-saving communication technologies. Several trends likely to dominate the forecast period include hybrid communication solutions, biometric validation, augmented reality (AR) and virtual reality (VR), the growth of public-private affiliation, and cloud computing.
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What Drivers Are Propelling the Growth of Critical Communication Market Forward?
Escalating worries over public safety are anticipated to fuel the expansion of the critical communication market in the future. The term public safety concerns refers to potential hazards or threats that could jeopardize the general public’s well-being and security within a community or society. These concerns can result from a wide range of sources such as natural disasters, crime, infrastructure breakdowns, or public health emergencies. The necessity for emergency services, including critical communication, arises from public safety issues to guarantee effective collaboration among first responders, quick response to emergencies, and prompt communication of vital information to the public. For instance, a report released by the Australia-based non-profit, the Institute for Economics and Peace, in February 2024 reported a 22% rise in deaths related to terrorism, totaling 8,352 in 2023. The U.S. reported 76% of these deaths among Western democracies, whereas the Central Sahel region in sub-Saharan Africa was identified as the hotbed, accounting for over half of all casualties. Burkina Faso witnessed the most considerable impact, with deaths rising by 68%. The influence of terrorism was significant, with ten countries making up 87% of all fatalities. Therefore, the increasing public safety issues are boosting the expansion of the critical communication market.
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Which Emerging Trends Are Transforming the Critical Communication Market in 2025?
Leading businesses in the critical communication market are concentrating on technology improvements, such as collaborative dashboards to better handle critical events. These dashboards are unified, visual instruments that amalgamate data from multiple sources into a singular interface, facilitating real-time monitoring and analysis of crucial metrics for educated decision-making. For example, in September 2023, Everbridge Inc., an American software firm, unveiled the Everbridge 360. This tool is developed to enhance the handling of critical events by providing a unified dashboard that merges risk intelligence, communication, cooperation, and coordination features. The platform minimizes communication lags and bolsters operational resilience, allowing firms to react more effectively in emergencies. Owing to its myriad of functionalities, Everbridge 360 simplifies response procedures, guaranteeing a quicker and more successful crisis management operation.
What Are the Key Segments in the Critical Communication Market?
The critical communication market covered in this report is segmented –
1) By Offering: Hardware, Services
2) By Technology: Land Mobile Radio (LMR), Long-Term Evolution (LTE)
3) By Enterprise Type: Small And Medium Enterprises, Large Enterprises
4) By Vertical: Public Safety, Transportation, Utilities, Mining, Police And Security Department, Emergency Healthcare Services, Government Agencies, Airports, Marine, Other Verticals
Subsegments:
1) By Hardware: Radios (Tetra, P25, Dmr, Etc.), Base Stations, Repeaters, Controllers And Dispatch Consoles, Antennas, Gateways And Routers
2) By Services: Managed Services, System Integration Services, Maintenance And Support Services, Consulting Services, Training Services
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Who Are the Key Players Shaping the Critical Communication Market’s Competitive Landscape?
Major companies operating in the critical communication market are Samsung Group, Verizon Communications Inc., AT&T Inc., Huawei Technologies Co. Ltd., T-Mobile US Inc., Airbus SE, Ericsson Inc., Nokia Corporation, NEC Corporation, Thales Group, Leonardo S.p.A., Motorola Solutions, Bosch Security Systems, Harris Corporation, Hytera Communications, Iridium Communications Inc., Tait Communications, Sepura Ltd., Zetron Inc., Simoco Wireless Solutions, DAMM Cellular Systems A/S, PowerTrunk Inc., Kenwood Corporation
What Geographic Markets Are Powering Growth in the Critical Communication Market?
North America was the largest region in the critical communication market in 2024. The regions covered in the critical communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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