Mission Critical Communication (MCX) Market Leading Growth Drivers, Emerging Audience, Segments, Industry Sales, Profits

Mission Critical Communication (MCX) Market Leading Growth Drivers, Emerging Audience, Segments, Industry Sales, Profits

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.

Mission-Critical Communication (MCX) Market Highlights

The Global Mission-Critical Communication (MCX) Market is spanned across North America, Europe, Asia-Pacific, the Middle East Africa, and South America.

North America led the MCX market in 2018, generating the highest market value of USD 4.58 billion; it is expected to grow at a CAGR of 10.3%. Among countries, the US accounted for the largest market share in the region due to the presence of various local and key vendors in the country. Launch of LTE services by major service providers such as ATT and deployment of FirstNet, a national security broadband network in 2012 using LTE 700 MHz spectrum results in the growth of the mission-critical communication market in the US. Whereas Canada is projected to witness the fastest growth rate owing to factors such as well-developed infrastructure for facilitating the adoption of advanced technologies. Canadian Advanced Technology Alliance (CATA) has coined a new term “Global Broadband” to achieve necessary broadband targets across the country. Sectors including mining and oil gas will continue to adopt private LTE networks to make their operations more efficient which is expected to drive the growth of the market.

Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/8654

Europe has been the second highest, the revenue-generating market for MCX in 2018 and is expected to grow with the fastest growing 11.8% CAGR. The high adoption of MCX by the military and defence sector is one of the major factors driving the growth of this market. In Europe, the UK is leading the MCX market. Airwave is the largest and fully operational mobile communication network for public safety professionals. However, the country is planning to replace the voice services provided by Airwave with its own national voice and broadband mobile communication service known as an emergency service network. The increasing demand to standardize commercial mobile communication on LTE or 4G technology is also expected to drive the growth of the mission-critical communication market in the UK.

Asia-Pacific is expected to be the second-fastest-growing region for the MCX market growing at a CAGR of 11.0% during the forecast period of 2019–2025; this is due to increasing investments and rapid developments in infrastructure and transportation facilities in the region. China accounts for the largest market share in the region due to the presence of various local and key vendors in the country. The region is prone to natural disasters such as hailstorms, floods, earthquakes, and others which affect the traditional communication networks; therefore, various end-users are adopting the MCX systems and networks.

Check Discount @ https://www.marketresearchfuture.com/check-discount/8654

Mission-Critical Communication (MCX) Market Prominent Players

Some of the Prominent Players in the Global Mission-Critical Communication Market are Motorola Solutions, Inc. (US), Nokia (Finland), ZTE Corporation (China), Telefonaktiebolaget LM Ericsson (Sweden), Huawei Technologies Co. Ltd (China), ATT Inc. (US), Harris Corporation (US), Hytera Communication Corp Ltd (China), Cobham Wireless (UK), Ascom (Switzerland), Mentura Group Oy (Finland), Leonardo SpA (Italy), Inmarsat PLC (UK), Zenitel (Norway), and Telstra (Australia).

Mission-Critical Communication (MCX) Market Segmentation

The Global Mission-Critical Communication Market has been segmented on the basis of Component, Technology, End-User, and Region. Based on the component, the market has been segmented into hardware, software, and services. The hardware segment has further been divided into command-and-control centers, distributed management systems, routers and gateways, and others. The services have been segmented into consulting, integration and maintenance segments. The technology segment has been sub-segmented into land mobile radio (LMR) and long-term evolution (LTE). The vertical segment has been sub-segmented into public safety and government agencies, energy and utilities, transportation, mining, and others.

Access Report Details @ https://www.marketresearchfuture.com/reports/mission-critical-communication-market-8654

Table Of Content

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL MISSION-CRITICAL COMMUNICATION MARKET, BY COMPONENT 18

1.1.2 GLOBAL MISSION-CRITICAL COMMUNICATION MARKET, BY TECHNOLOGY 19

1.1.3 GLOBAL MISSION-CRITICAL COMMUNICATION MARKET, BY VERTICAL 20

1.2 GLOBAL MISSION-CRITICAL COMMUNICATION MARKET, BY REGION 21

2 MARKET INTRODUCTION

2.1 DEFINITION 22

2.2 SCOPE OF THE STUDY 22

2.3 RESEARCH OBJECTIVE 22

2.4 MARKET STRUCTURE 23

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

5 MARKET FACTOR ANALYSIS

Continued...

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com