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Public Safety-LTE Market worth $15.4 billion by 2025 - Exclusive Report by MarketsandMarkets™
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The services segment is projected to grow at the highest CAGR from 2020 to 2025. The growth of the services segment can be attributed to the expectation that the PS-LTE services would be fully deployed in most of the regions of the world by 2020, and there would be increased revenue from these services than the PS-LTE infrastructure. Moreover, the developed PS-LTE networks in countries such as Australia , China , Qatar , the UAE, and the US are expected to proliferate the demand for managed and other professional services.
The emergency medical services application is expected to register the highest CAGR during the forecast period. LTE networks in emergency services lead to the sharing of real-time videos of patients that help in obtaining the vitals of patients virtually. It also enables the command centers to send the nearest responders to the locations where they are required by tracking GPS details of patients. LTE networks in emergency services provide information related to the hospital assets so that the EMS personnel can shift patients to the best-suited facilities nearby. They also provide insights into the preexisting conditions of patients to the EMS personnel by providing them access to their medical record databases and prescribed medicines.
Public Safety-LTE Market
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The protection of critical infrastructures is considered to be the most severe economic and national security challenge by the governments of both the US and
Canada , thereby leading to the growth of the PS-LTE market in
North America . Moreover, the deployment of new PS-LTE networks in
Mexico has further supplemented the growth of the market in this region.
Major players operating in the PS-LTE market are Motorola Solutions, Inc. (US), General Dynamics Corporation (US), Airbus SE ( Netherlands ), Nokia (Finland) , Harris Corporation (US), Huawei Technologies Co. Ltd. ( China ), Bittium Corporation (Finland), Samsung Electronics Co. Ltd. ( South Korea ), AT&T, Inc. (US), ZTE Corporation ( China ), Hytera Communications Corporation ( China ), and KT Corporation ( South Korea ).
Critical Communication Market by Offering (Hardware, Services), Technology (Land Mobile Radio, Long-Term Evolution), End-Use Vertical (Public Safety, Transportation, Utilities, Mining), and Region ( North America , Europe , APAC, RoW)-Global Forecast to 2024
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