4G LTE Market Statistics | 2030
4G LTE is the latest standard for wireless communication provided by telecommunication providers. It has enhanced capacity and data speed for letting users browse the internet. The global 4G LTE market report by Market Research Future (MRFR) covers trends and opportunities for players during the forecast period (2017-2023), while taking into account the effects of the COVID-19 pandemic.
The worldwide 4G LTE market size valuation is relied upon to arrive at USD 322.77 billion by 2023, as indicated by MRFR. It can show 38% CAGR over the conjecture time frame. Expanding utilization of web, declining costs of cell phones, interest for quick information velocities, and foundation of LTE framework are probably going to impact the market interest. Advancement of courier applications ready to work on the organization can draw in clients. This is obvious with the notoriety of virtual entertainment channels that figure out how to draw in clients by sharing sight and sound substance. Additionally pervasive is the quantity of downloads from the Google Play Store and iStore for security applications and web of-things (IoT).
Ascent of edutech and learning stages because of the infiltration of rapid Internet can support the market request essentially. The COVID-19 pandemic has driven the interest for internet learning courses as development limitation orders are focused on for checking the spread of the sickness. High information traffic and noticeable quality of online media channels can shape the market size universally.
But lack of compatible devices and infrastructure can stunt the market growth.
By device type, the 4G LTE market is segmented into tablets, smartphones, laptops, wireless modem, routers, and others.
On the basis of technology, the market is categorized into LTE- advance, LTE-FDD (frequency division duplex), LTE-TDD (Time division duplex), WiMax, and HSPA+. The LTE-FDD is expected to capture a large share of the global 4G LTE market owing to the delivery of data at good speeds and constant technological innovation.
By connection plan, the market is bifurcated into pre-paid and post-paid.
On the basis of organization size, the market is categorized into small & medium enterprises and large enterprises.
U.S. Cellular, Bharti Airtel Ltd., S.K. Telecom, LM Ericsson, Vodafone Group PLC, Verizon Wireless, AT&T, Alcatel-Lucent, MetroPCS, Sprint Nextel, and Huawei Technologies Co. Ltd. are key players of the global 4G LTE market.
North America is presumed to have significant growth in the 4G LTE market. The United States and Canada are leading countries in the region. The market growth is due to advanced spectrum efficiency which allows the repurposing of broadcast spectrum for broadband. Establishment of 4G network infrastructures and rise of the customer base can bode well for the market.
Asia Pacific is also anticipated to be the fastest growing region in the 4G LTE Market over the forecast period. South Korea, Indonesia, India, Japan, and China are the leading countries in the 4G LTE Market. This growth pattern is attributed to a rapid increase in demand for high-speed connectivity. Launch of 4G services and early adoption of new technology can bode well for the market.
Europe is expected to witness key region in the market owing to pre-requisite infrastructure and technical expertise in the telecom sector. The swift data speeds expected by consumers and establishment of network infrastructure for providing access to the internet at public places can bode well for the market. But high cost of investments for networking infrastructure in Germany can hamper regional market growth.
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