South America Public Safety and Government Agencies Mission-Critical Communication (MCX) Market
No. of Pages: 110 | Report Code: TIPRE00026850 | Category: Electronics and Semiconductor
No. of Pages: 110 | Report Code: TIPRE00026850 | Category: Electronics and Semiconductor
The South America public safety and government agencies mission critical communication (MCX) market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Many lives are lost as a result of natural calamities. Some losses could have been avoided if public agencies had offered timely information about the nature of the crisis and how to respond. In addition, public warnings can be helpful in situations like terrorist attacks and other catastrophic events. For this reason, public warnings share many characteristics of mission-critical communications. When properly hardened, commercial 3G and 4G networks can provide PSAs with performance and dependability superior to private radio networks. Government agencies can develop additional sites for increased redundancy, capacity, and coverage to raise backhaul bandwidth and improve physical security. The mobile network's resiliency and robustness will be increased due to this 'hardening,' such that in the case of a power outage or network infrastructure damage, the network can remain operational for a prolonged length of time. It is vital to guarantee that the standards for products and services that supply mission-critical communications are of the highest possible quality because there are scenarios where a service failure could have disastrous implications. Therefore, sufficient efforts are made to build resilient products. Mission-critical communications are not limited to a relatively small market, such as public safety, but rather that economies of scale are fully leveraged so that the additional development costs required to ensure the desired quality are shared across a more extensive user base.
The governments of various South American countries are taking several measures, such as trade bans, lockdowns, and travel restrictions, to control the spread of COVID-19 in the region. Such measures have had a direct negative impact on the region’s economic growth due to lower export revenues. Thus, the slowdown of an overall SAM economy due to poor exports and delays in various manufacturing projects is expected to hamper the demand for advanced technologies, including mission critical communication. Governments in Latin American countries are exploring broadband LTE for public safety. Installing LTE spectrum for private networks is difficult because of the financial difficulties and close regulation of the spectrum by the governments. This is further restraining the growth of public safety and government agencies mission critical communication (MCX) market in the region.
The public safety and government agencies mission critical communication (MCX) market in South America is expected to grow from US$ 237.75 million in 2021 to US$ 395.00 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028. Network operators focus on new design and management strategies for communications infrastructure to respond to the rapid network and service evolution to assure reliable network operation. As a current and relevant example, 5G communication network deployments will start their second phase. Companies require network infrastructure changes to support new ultra-reliable services with up to 6 nines availability. Similarly, disaster resiliency in communication networks is gaining unprecedented interest from the media, government, and business. For instance, during the COVID-19 pandemic, countries need a network traffic deluge to facilitate remote working. Increased network reconfigurability enabled by Software Defined Networking (SDN); integration/convergence of multiple technologies, such as optical, wireless satellite, and datacenter networks; enhanced forms of data/service replication, supported by, e.g., edge computing; network slicing, used to carve highly-reliable logical partitions of network, computing, and storage resources; network slicing, used to carve highly-reliable logical partitions of network, computing, and storage resources. Such technological advancements are used to allow next-generation high-reliability networks.
Based on component, the hardware segment accounted for the largest share of the South America public safety and government agencies mission critical communication (MCX) market in 2020. Based on technology, the long term evolution (LTE) segment accounted for the largest share of the South America public safety and government agencies mission critical communication (MCX) market in 2020.
A few major primary and secondary sources referred to for preparing this report on the South America public safety and government agencies mission critical communication (MCX) market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Globalstar.; Inmarsat Global Limited; Iridium Communications Inc
Strategic insights for the South America Public Safety and Government Agencies Mission-Critical Communication (MCX) provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 237.75 Million |
| Market Size by 2028 | US$ 395.00 Million |
| Global CAGR (2021 - 2028) | 7.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Public Safety and Government Agencies Mission-Critical Communication (MCX) refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The South America Public Safety and Government Agencies Mission-Critical Communication (MCX) Market is valued at US$ 237.75 Million in 2021, it is projected to reach US$ 395.00 Million by 2028.
As per our report South America Public Safety and Government Agencies Mission-Critical Communication (MCX) Market, the market size is valued at US$ 237.75 Million in 2021, projecting it to reach US$ 395.00 Million by 2028. This translates to a CAGR of approximately 7.5% during the forecast period.
The South America Public Safety and Government Agencies Mission-Critical Communication (MCX) Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Public Safety and Government Agencies Mission-Critical Communication (MCX) Market report:
The South America Public Safety and Government Agencies Mission-Critical Communication (MCX) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Public Safety and Government Agencies Mission-Critical Communication (MCX) Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Public Safety and Government Agencies Mission-Critical Communication (MCX) Market value chain can benefit from the information contained in a comprehensive market report.
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