LTE Market Outlook and Forecast up to 2020
4G LTE (Long Term Evolution) is the most recent technology in the market that offers about 10x the speeds of 3G networks. This report presents a market update for LTE cellular network deployments along with LTE subscription forecasts for the next five years.
The LTE market revenue is projected to reach $996 billion by 2020 growing at a CAGR of over 58.3%. Growing need for higher data speed, superior spectral effectiveness, and reduced costs of long-term infrastructure are the major driving factors of the market. Moreover, LTE implementation in public sectors like public safety as well as in security & defense is also driving the market growth.
The LTE-FDD market generated the highest revenue in 2012. However, the LTE TDD market is said to be generating biggest revenue by 2020 mainly because of its quick & cost-effective solutions.
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The application segment is further divided into Public Safety LTE, M2M & Connected Device, VoLTE, Defense & Security Browsing, Surveillance & Large Enterprise, and Video on Demand. Currently, the ‘Browsing, Surveillance & Large Enterprise’ is the maximum revenue generating segment and is said to have the highest market share by 2020. Increased security concerns and growing preference for IP-based supervision system are the major driving factors. Increased high-speed browsing facility requirements are the main reason for the extensive LTE use in browsing. But, Defense & Security segment is expected to witness a rapid growth at a CAG rate of 68% during the forecast period.
The market is geographically segmented into Europe, North America, Asia-Pacific, and RoW (Rest of the World). At present, North America accounts for almost half of the total LTE market share. However, Asia-Pacific is expected to acquire over 40% of the LTE market share mainly because, the increasing awareness about the high-speed mobile internet. This has forced telecom corporations to plan LTE installations in various developing countries of Asia-Pacific.
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LTE technology is gaining popularity and since people are moving to LTE from the conventional 2 & 3G services, it would be a profitable business for telecommunications & internet service provider companies.
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Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Website: Radiant Insights
The LTE market revenue is projected to reach $996 billion by 2020 growing at a CAGR of over 58.3%. Growing need for higher data speed, superior spectral effectiveness, and reduced costs of long-term infrastructure are the major driving factors of the market. Moreover, LTE implementation in public sectors like public safety as well as in security & defense is also driving the market growth.
The LTE-FDD market generated the highest revenue in 2012. However, the LTE TDD market is said to be generating biggest revenue by 2020 mainly because of its quick & cost-effective solutions.
Access Full Report: http://www.radiantinsights.com/research/worldwide-lte-market-update-and-subscription-forecasts
The application segment is further divided into Public Safety LTE, M2M & Connected Device, VoLTE, Defense & Security Browsing, Surveillance & Large Enterprise, and Video on Demand. Currently, the ‘Browsing, Surveillance & Large Enterprise’ is the maximum revenue generating segment and is said to have the highest market share by 2020. Increased security concerns and growing preference for IP-based supervision system are the major driving factors. Increased high-speed browsing facility requirements are the main reason for the extensive LTE use in browsing. But, Defense & Security segment is expected to witness a rapid growth at a CAG rate of 68% during the forecast period.
The market is geographically segmented into Europe, North America, Asia-Pacific, and RoW (Rest of the World). At present, North America accounts for almost half of the total LTE market share. However, Asia-Pacific is expected to acquire over 40% of the LTE market share mainly because, the increasing awareness about the high-speed mobile internet. This has forced telecom corporations to plan LTE installations in various developing countries of Asia-Pacific.
Browse All Reports of This Category @ http://www.radiantinsights.com/catalog/telecommunications-and-wireless
LTE technology is gaining popularity and since people are moving to LTE from the conventional 2 & 3G services, it would be a profitable business for telecommunications & internet service provider companies.
About Us
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Website: Radiant Insights
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