Asia Pacific is expected to lead the market with 40% of share in the global LTE market by 2020. As per the report, Asia Pacific would attain a value of 390 billion by 2020.
Portland, Oregon (PRWEB UK) 2 June 2014
Research beam published a latest report titled "LTE Market (TDD, FDD, LTE Advance) - Global Opportunity Analysis and Forecast - 2012-2020."
The report expects the global LTE market to reach a value of $997 billion by 2020 with a CAGR of 58.2% during 2013-2020.
To get complete market research report on long term evolution - http://www.researchbeam.com/long-term-evolution-market
Rising applications of LTE technology in Public sectors, growing demand for high data transfer rates & quality, and efficient services of LTE technology are important factors responsible for the market escalation. However, need for an enhanced network connectivity & wide spectrum range would pose as a big challenge for the market.
Asia Pacific is expected to lead the market with 40% of share in the global LTE market by 2020. As per the report, Asia Pacific would attain a value of 390 billion by 2020. This can be credited to factors such as growing awareness about the technology, rising sales of advanced gadgets, supporting 4G networks, and tremendous improvements in QoS.
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On the basis of technology, the report divides the LTE market into Frequency division duplex (LTE FDD), Time division duplex (LTE TDD), and LTE Advance. The report forecasts LTE TDD market to generate maximum revenue due to its cost effectiveness.
Some of the major players in the Global LTE industry are:
NTT Docomo, Inc.
Verizon Communication, Inc.
Bharti Airtel Ltd.
Vodafone Group Plc
Nokia Solutions and Networks B.V
Huawei Technologies Co. Ltd.
China Mobile Ltd.
You can see all information and communication technology and media market report at http://www.researchbeam.com/information-&-communication-technology-&-media-market-report.
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