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Global LTE and 5G Broadcast Market Poised for Rapid Growth, Set to Reach $1.8 Billion by 2030DUBLIN, Feb. 1, 2024 /PRNewswire/ -- The "LTE and 5G Broadcast Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering. The global LTE and 5G broadcast market is forecasted to witness an unprecedented growth, with a projected value of $1.8 billion by 2030 and a promising CAGR of 11.8% from 2024 to 2030. This burgeoning market is expected to redefine connectivity and content delivery across multiple industry verticals. The LTE and 5G broadcast market landscape is competitive, with key players focusing on expanding manufacturing facilities, investing in R&D, and pursuing strategic partnerships. These initiatives are aimed at meeting the growing market demand, enhancing competitive standing, and innovating in product and technology development. Among the significant market players, noted organizations include Qualcomm Corporation, Cisco Systems, Nokia, Huawei Technologies, and others, which are making strides in meeting customer expectations and setting industry benchmarks. Key Market Trends and Drivers The escalation of the LTE and 5G broadcast market is primarily driven by the explosive growth in smartphone usage and the consequent rise in the number of LTE and 5G mobile subscribers. These technologicl advancements have led to a demand for high-quality mobile data services and a surge in the consumption of on-demand content. Furthermore, the integration of the Internet of Things (IoT) is fueling the need for robust device connectivity across various platforms. Market Segmentation Insights
Regional Market Dynamics Growth Opportunities Emerging Trends and Developments
For more information about this report visit https://www.researchandmarkets.com/r/9mm59f About ResearchAndMarkets.com Media Contact: Research and Markets Logo - https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/global-lte-and-5g-broadcast-market-poised-for-rapid-growth-set-to-reach-1-8-billion-by-2030--302051094.html SOURCE Research and Markets |