According to a recent report published by Fast.MR, titled “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, Opportunity and Forecast, 2018-2024”. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Wireless Paging System Market. The competition analysis is also a major part of the report.
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.
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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
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.
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
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