Global wireless paging system market accounted for USD 640.7 Million in 2018 and is estimated to reach USD 689.3 Million in 2024, registering a compound annual growth rate (CAGR) of 1.2% between 2019 and 2024. Growing need for communication technologies to manage customer and staff is a key factor which is driving the growth of global wireless paging system market.
Growth Drivers – Wireless Paging System Market
Strong Adoption in Hospitality Industry
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 in order to tackle this competition, this factor is likely to drive the demand for wireless paging system in coming years
Diversity in Product Offering Range
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
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Barriers – Wireless Paging System Market
Presence of Alternative Technologies
Alternatives to wireless paging systems such as smart phones, horn speaker systems and others is a major growth barrier in the global wireless paging system market. Various sectors are using iPhones, Androids, and other devices to support communications and workflow within the organization. This factor is likely to hamper the growth of global wireless paging system market.
The wireless paging system market by product type is segmented into pager transmitter, guest pager, staff pager, and others. In this segment, pager transmitter segment is anticipated to capture the largest market share in 2024.
Based on application, the wireless paging system market is further sub segmented into healthcare, warehouse & logistics, hospitality sector, government & institutes, and others. Hospitality sector captured highest market share in overall wireless paging system market in 2018.
Geographically, the report offers analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In wireless paging system market, North America dominated in 2018, acquiring significant portion of overall market. Increasing adoption in healthcare and other industries is one of the major factors which is believed to bolster the growth of wireless paging system formula in North America. Asia Pacific wireless paging system market is expected to showcase highest growth rate 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.
Timeline Considered for Analysis:
- 2018: Base Year
- 2019: Estimated Year
- 2019 to 2024: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global wireless paging system market by the following segments:
- Product Type
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Wireless Paging System Industry Report
- What is the overall market size in 2018? What will be the market growth during the forecast period i.e. 2019-2024?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?