Portland, Oregon (PRWEB UK) 12 May 2014
A new report is published by Allied Market Research titled "LTE Market (TDD, FDD, LTE Advance) - Global Opportunity Analysis and Forecast - 2012-2020."
The report projects the LTE market to reach $997 billion by 2020, registering a CAGR of 58.2% from 2013-2020. Asia Pacific would reach $390 billion by 2020 with a share of 40% in the global LTE market. The report predicts Asia Pacific region to exhibit the fastest growth with a CAGR of 71.5% during the analysis period. Such a phenomenal growth in Asia Pacific region can be credited to factors such as rising awareness about LTE benefits, improvements in QoS, rise in use of advanced gadgets, and 4G networks.
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Factors that are propelling the growth of global LTE market are its high efficiency, high data transfer rate, demand for quality services, and higher adoption of LTE technology in public sectors.
Providing uninterrupted and smooth network facilities by telecom companies are major challenges for LTE market. Further, need of technological up gradation, higher bandwidth, and resilient network would work as limitations for the LTE market.
The report categorizes global LTE market into Frequency division duplex (LTE FDD), Time division duplex (LTE TDD), and LTE Advance. LTE TDD market would generate maximum revenue with a CAGR of 58.7% during the forecast period due to the cost advantage offered by the technology. However, LTE Advance would grow the fasted during the same span, as it can provide higher bitrates. Major application sectors of LTE includes M2M & connected device, public safety LTE, voice-over LTE (VoLTE), video on demand (VoD), defense and security and others.
View the global femtocell market report at http://www.alliedmarketresearch.com/femtocell-market.
Top 10 market players identified by the report are AT&T Inc., Alcatel Lucent, NTT Docomo, Inc., Verizon Communication, Inc., LM Ericsson, Bharti Airtel Ltd, Vodafone Group Plc., Nokia Solutions and Networks B.V., China Mobile Ltd and Huawei Technologies Co. Ltd.
Allied Market Research (AMR) is a global market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. All the data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of concerned domain. Our secondary data procurement methodology includes deep online and offline research and discussions with knowledgeable professionals and analysts in the industry.
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