Global Mission-Critical Communication Market - Overview
The Global
Mission-Critical Communication Market was valued at USD 13.63 Billion in 2018 and is estimated to reach USD 26.66 Billion by 2025 growing at a CAGR of 10.5 % during the forecast period 2019 – 2025 .
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 . MCX networks improvise communication abilities and reduce the latency in communication which assists in increasing public safety in case of emergencies .
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