|[May 28, 2014]
Research and Markets: Global LTE Market (LTE FDD, LTE TDD and LTE Advance) Report 2012-2020 - Forecasts for the $997 Billion Market
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/8s463v/lte_market)
has announced the addition of the "LTE
Market (Components, Technologies and Applications) Size, Share, Trends,
Analysis, Research, Future Demand, Scope and Forecast, 2012-2020"
report to their offering.
LTE (News - Alert) market is to soar as high as $997 billion by 2020, experiencing a
CAGR of 58.2% during 2013-2020.
Asia Pacific is forecast to surpass other geographical markets by 2020
with approximately 40% of the global LTE market. Current revenue (2013)
from LTE market in Asia Pacific accounts to $2.8 billion and is expected
to reach a value of $390 billion by 2020.
4G LTE is the latest technology in the mobile broadband market. LTE can
provide a data speed of up to 30 Mbps and LTE Advance can even provide a
speed of 100 Mbps. LTE market is at a developing stage andis the market
revenue is expected to soar as high as $997 billion by 2020, with a
projected CAGR of 58.2% during 2013-2020. The global LTE market is
analyzed based on geographical regions, (North America, Europe, Asia
Pacific and RoW) reveals that Asia Pacific possesses the highest
potential and is expected to generate highest revenue by 2020.
Increased need for higher data rates and greater spectral efficiency are
the primary factors driving the market growth. Implementation of LTE in
the public sectors such as public safety as well as in defense and
security is further driving the market exponentially. These applications
require high-speed communication at times of emergency and therefore LTE
is the best-suited network to feed this need. Furthermore, changing
customer preferences and rising demand for high-speed mobile broadband
in Asia Pacific region has created a huge potential in the APAC market.
Telecom operators have planned highest number of LTE installations in
these developing countries.
KEY MARKET SEGMENTS
LTE Market By Technology
LTE Market By Application
M2M and Connected Device
Public Safety LTE
Surveillance, browsing and large enterprise
Video on Demand
Defense and Security
Bharti Airtel (News - Alert) Ltd.
China Mobile Ltd.
Huawei Technologies Co. Ltd
Nokia Solutions and Networks. B.V.
NTT DOCOMO, Inc.
Verizon Communication Inc.
Vodafone (News - Alert) Group Plc
For more information visit http://www.researchandmarkets.com/research/8s463v/lte_market
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