PTT only networks are much easier, and less infrastructure heavy to keep operational, they also have significantly lower backhaul requirements. In addition, they have better overall reliability during disaster situations.
Motorola (alone, they are one of 5 big players in the industry) ships something like 500m+ in two way radio infrastructure yearly, and its not really a shrinking market.
So yes, FirstNet is a boondoggle, and one of those 9/11 projects that should die or go a different direction, to a great extent the interoperability they offer is fantastic, if anyone could ever use it - but two way radio? not dead, and still very relevant for certain industries and services.