Wireless Paging System Market
Wireless Paging System Market - By Product Type (Pager Transmitter, Guest Pager, Staff Pager, Others), and By Application (Healthcare, Warehouse & Logistics, Hospitality Sector, Government & Institutes, and Others) - Global Market Analysis, Trends, OpportRequest Sample Request Discount
Global wireless paging system market is anticipated to grow from USD 658.6 Million in 2020 to USD 695.0 Million by 2025, at a CAGR of 1.1% from 2020 to 2025. Increasing application of wireless paging system in various verticals such as healthcare, hospitality, among others is expected to foster the growth of global wireless paging system market.
Growth Driver: Rising Demand in Various Industries
The hospitality industry has emerged as one of the key industries driving the growth of the services sector. Customer experience has always been the major focus among hospitality industry. Hotels, resorts, restaurants, and others are adopting many solutions to provide a top-notch customer experience to their customers. Wireless paging system is one of the most useful innovations of the hospitality industry as it helps organizations to operate more smoothly and offer the best customer service. The hospitality sector is highly competitive, and every organization is willing to provide best customer experience to tackle this competition, this factor is likely to drive the demand for wireless paging system in coming years.
Various verticals such as hotels, resorts, restaurants, hospital, and others are embracing wireless paging system for consumer satisfaction. Further, nursing homes, assisted living centers, memory care communities are adopting wireless paging system to ensure reliable emergency communication throughout entire healthcare facility.
Wireless paging system is a user-friendly technology as compare to other communication technologies. Apart from this, wireless paging systems are reliable networks, strong signals, and easy recharging technologies, which makes them perfect choice for business organizations. Also, growing communication need in an organization to meet organizational goals is another key driver fostering the wireless paging systems market across all regions.
Market Trend: Merger & Partnerships
The global wireless paging system market is filled with vast range of wireless PA system which suit to every kind of need within industrial sector. Apart from this, manufactures are introducing application specific products in order to improve the profitability of the company. For instance, Leetek company introduced its paging devices for hospital patients. This presence of industry specific wireless paging system is likely to bolster the growth of global wireless paging system market in near future.
Market Challenges: Presence of Alternative Technologies
Factors such as lack of storage capacity and alternatives to wireless paging systems is one of the major growth barriers in the global wireless paging system market. Various organizations are using smartphones and other devices for communication purpose.
The wireless paging system market by product type is segmented into pager transmitter, guest pager, staff pager, and others, out of which, pager transmitter segment is anticipated to capture the largest market share in 2025.
On the basis of application, the wireless paging system market is further sub segmented into healthcare, warehouse & logistics, hospitality sector, government & institutes, and others. Hospitality sector accounted for highest market share in global wireless paging system market in 2019.
In the terms of geography, the report offers analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In wireless paging system market, North America region accounted for leading market share in 2019, acquiring significant portion of overall market. Rising adoption in healthcare and other industries is one of the major factors which is expected to drive the growth of North America wireless paging system market. Asia Pacific wireless paging system market is expected to witness lucrative growth during the forecast period.
The report also covers detailed competitive analysis of major market players of global wireless paging system market, such as MMCall, Interpage Inc., JTECH, PagerTec Corp, Visiplex Inc., Telcom & Data Inc, PagerGenius, Long Range Systems, LLC, CanTex Equipment, Jotron AS and other key & niche players. The wireless paging system market is witnessing a wide range of industry activities such as product launch, acquisition, partnership, and expansion across the globe. For instance, on July 16, 2019, Retekess announced the launch of its new product Retekess T116 Wireless Paging System.
By Product Type
- Pager Transmitter
- Guest Pager
- Staff Pager
- Warehouse & Logistics
- Hospitality Sector
- Government & Institutes
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as
- Interpage Inc.
- PagerTec Corp
- Visiplex Inc.
- Telcom & Data Inc
- Long Range Systems, LLC
- CanTex Equipment
- Jotron AS
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development, and other market activities).
The study also provides company’s positioning and market share in wireless paging system market.
Custom Research Requirement? Questions to ask?Get in touch
Custom Research requirement.