Global LTE market all set to register a CAGR of 58.2% by 2020
Portland, Oregon (PRWEB UK) 6 May 2014 -- Big Market Research published a latest report titled "LTE Market (TDD, FDD, LTE Advance) - Global Opportunity Analysis and Forecast - 2012-2020." This opportunistic report would provide a holistic view to market participants.
The report analyzes the global LTE market to reach $997 billion by 2020 with a CAGR of 58.2% during 2013-2020. Asia Pacific is expected to have a share of 40% in the overall LTE regional market by 2020, generating revenue of $390 billion by 2020. Factors driving the growth of Asia Pacific region are increasing customer awareness regarding LTE features and benefits, radical improvement in QoS, sales of advanced gadgets, and supporting 4G infrastructure.
To view the complete report, visit the website at http://www.bigmarketresearch.com/long-term-evolution-LTE-market
Rising public sector demands, need for high data transfer rate, need for high quality service and efficiency of LTE services are driving the growth of overall LTE market.
Certain infrastructural advancements such as increased bandwidth and smooth connectivity are needed to efficiently run the LTE technology. Further, limited spectrum also works as a major deterrent for LTE market.
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The report segments the LTE market into Frequency division duplex (LTE FDD), Time division duplex (LTE TDD), and LTE Advance. LTE TDD market is forecasts to generate maximum revenue with a CAGR of 58.7% due to its cost effective and quick solutions. However, LTE Advance market would grow the fastest during the forecast period, as the technology is equipped to provide higher bitrates.
Primary application segments of LTE are listed below
M2M &connected device
Public safety LTE
Voice-over LTE (VoLTE)
Video on demand (VoD)
Defense& security
Others.
The report provides a holistic view on top ten firms in the LTE sector. They are
AT&T Inc.
NTT DocomoInc
Alcatel Lucent
Verizon Communication, Inc.
Bharti Airtel Ltd.
LM Ericsson
Vodafone Group Plc.
Nokia Solutions and Networks B.V.
Huawei Technologies Co. Ltd
China Mobile Ltd.
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