Fortune Business Insights Issues Detailed Research Report on the Push-to-Talk Industry

Fortune Business Insights, a provider of meticulous analysis with a specialized focus on accuracy of data obtained, recently published a report including a market forecast, analysis and insight on the global push-to-talk (“PTT”) market. As technology continues to advance, PTT solutions are transforming to be more efficient. Through the deployment of enhanced internet services, major telecommunications companies such as AT&T Inc. (NYSE:T), Motorola Solutions Inc. (NYSE:MSI) and Sprint Corporation (NYSE:S) are working to deliver prompt and accurate voice processing systems. According to the report, AT&T intends to develop new PTT devices for mission-critical push-to-talk (“MCPTT”) that reach the functionality and performance standards of 3rd Generation Partnership Project (“3GPP”), an organization that develops protocols for mobile telephony. The report states that the global PTT market was valued at $26 billion in 2017 and that it is projected to reach more than $45 billion by year-end 2025, demonstrating a CAGR of 7%. The overall ease of use, convenience, and reliability found among PTT devices are attributed for driving the market worldwide.

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