[March 12, 2014]

Research and Markets: Global Network Applications Market 2012-2016: Rollout of High-Speed 3G and 4G Networks, Has Led to Growing Adoption of Mobile Transactions

Research and Markets (http://www.researchandmarkets.com/research/rxp8vb/global_network) has announced the addition of the "Global Network Applications Market 2012-2016" report to their offering.

The analysts forecast the Global Network Applications market to grow at a CAGR of 19.66 percent over the period 2012-2016. One of the key factors contributing to this market growth is growing popularity of mobile e-commerce transactions. The Global Network Applications market has also been witnessing growing popularity of voice over LTE (News - Alert). However, threat of unauthorized access could pose a challenge to the growth of this market.

Key vendors dominating this space include Alcatel-Lucent, Ericsson Inc., Nokia Siemens Networks (News - Alert), and Oracle Corp.

Other vendors mentioned in the report are Adtran Inc., Fujitsu (News - Alert) Ltd., Huawei Technologies Co. Ltd., NEC Corp., and Tellabs Inc. ZTE Corp., Brocade Communications Systems Inc.

Commenting on the report, an analyst from TechNavio's Networking team said:''The growing emphasis on data-only-tariffs is yet another trend that is being witnessed in the market. People are increasingly using social networking sites and e-mails rather than phone calls for communication. Therefore, service providers are providing data plans with high emphasis on data services to attract customers. For instance, T-Mobile (News - Alert) has a tie-up with Wal-Mart to create a prepaid plan for just US$30 per month, which offers 5 GB of data services and a minimal 100 voice-calling minutes. This trend would result in increased usage of network applications in the future.''

According to the report, one of the major factors driving the growth of the Global Network Applications market is the increasing popularity of mobile transactions across the world. Nowadays, mobile transactions are increasingly being used as a result of the high adoption of smartphones across all the major geographies. Moreover, the rollout of high-speed 3G and 4G networks, coupled with the improved network security offered by service providers, has led to the growing adoption of mobile transactions.

For more information visit http://www.researchandmarkets.com/research/rxp8vb/global_network

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