|[August 27, 2014]
Research and Markets: Global LTE Market (TDD, FDD, LTE Advance) - Global Forecasts and Opportunities, 2020
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/cx2sgq/global_lte_market)
has announced the addition of the "Global
LTE Market (TDD, FDD, LTE Advance) - Global Opportunity Analysis and
Forecast - 2012-2020" report to their offering.
The 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.
Furthermore, this would be the fastest growing market throughout the
globe, experiencing a CAGR of 71.5%. during 2013-2020. Telecom companies
have already gained good number of 4G LTE subscribers in the developed
countries. On the other hand, in the present scenario, Asia Pacific is
still far behind North America in terms of subscriber strength. However,
increasing customer awareness regarding LTE features and benefits and
radical improvement in QoS will shoot-up the LTE adoption in the region.
Rising sales of advanced gadgets, supporting 4G networks, is further
intensifying the need for LTE in the Asia Pacific and other dveloping
regions. Apart from the common subscribers, defense systems, public
safety etc. are also evolving as strong applications of LTE. Rising
demand in each of these segments is assisting the overall growth of the
market. Increased need for high data rate, increased demand in public
sector due to efficiency of LTE in speedy communication and need for
high quality services are among the primary factors driving the growth
of the market. LTE is a noble technology that demands certain
technological advancements in the mobile infrastructure. Mobile
operators therefore need increased bandwidth and resilient network
connectivity to accommodate next generation LTE networks. Telecom
companies still need to work on their network stability in all regions
to provide smooth and continuous service even when the customer is under
roaming (within the country or abroad). Limited spectrum at different
locations, states and countries is also a major challenge for the LTE
Frequency division duplex (LTE FDD), Time division duplex (LTE TDD), and
LTE Advance are the three prime technologies currently being used. Out
of these three technologies, LTE TDD is expected to be the highest
revenue-generating segment, growing at a CAGR of 58.7% during the
analysis period. Quick and cost effective solutions of LTE TDD over LTE
FDD are the primary reasons for this market shift. However, LTE Advance
is the fastest growing market during the analysis period due to its
ability to provide higher bitrates. The primary application segments of
LTE are M2M and connected device, public safety LTE, voice-over LTE
(VoLTE), video on demand (VoD), defense and security and such others.
Browsing, surveillance and large enterprise collectively will grow at
the fastest rate during the analysis period.
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
Alcatel Lucent (News - Alert)
Bharti Airtel Ltd.
China Mobile Ltd.
Huawei Technologies Co. Ltd.
LM Ericsson (News - Alert)
Nokia Solutions and Networks B.V.
NTT Docomo Inc
Verizon Communication Inc
Vodafone Group Plc.
For more information visit http://www.researchandmarkets.com/research/cx2sgq/global_lte_market
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