Global Long-Term Evolution (LTE) Market to Reach $155.5 Billion by 2027 from $25.44 Billion in 2020
DUBLIN, Nov. 30, 2022 /PRNewswire/ -- The "Global Long-Term Evolution (LTE) Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
The global long-term evolution (LTE) market is projected to witness a CAGR of 29.51% during the forecast period to grow to US$155.520 billion in 2027 from US$25.449 billion in 2020. The rapid spread of smartphones around the world has raised the average data usage of a person, resulting in a greater need to have LTE services, which is pushing the industry. The number of internet users has climbed from 4,156 million in 2017 to 5,251,737,363 on January 31, 2022, according to Internet World Stats.
The emerging interest in automation and control factories in a variety of industries, including automotive, manufacturing, and others, is driving the need for an efficient and low-cost internet. Rapid industrial growth and advancements in communication technologies are driving the deployment of wireless telecommunication infrastructure and solutions. As a result, service providers are being compelled to make significant investments in communication devices in order to improve network services around the world.
Global Long-term Market Growth Factors
Excessive record switch fees
By End User Device
Key Topics Covered:
4. Market Dynamics
11. Company Profiles
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