The global LTE market is likely to grow from $2.28 billion in 2010 to $262.05 billion in 2015, according to Markets and
Markets.
This represents a compound annual growth rate
(CAGR) of 158.2 percent from 2010 to 2015. The primary factor that drives the
market is enhanced spectrum efficiency and reduced long term infrastructure
cost. However, factors such as rising data traffic and emergence of new
applications and devices are expected to further accelerate the LTE market.
Players in this market can gain competitiveadvantages by adopting a network sharing strategy and moving onto hybrid
networks.
Due to the current need for greater speeds of
mobile broadband and rising applications, operators are in constant search for
high speed network technologies.
Users are keen to
experience the desktop and television on their mobile devices along with
real-time video conferencing, social networking, YouTube, and other
high-bandwidth applications. This rising demand for more speed with enhanced
user experience has created a stress on carrier networks to come up further
with enhanced mobile networks which has given rise to LTE.
The “Global LTE Market by Infrastructure
(E-Utran, E Node B, EPC), End-User Devices (Smartphones, USB Modems, Card
Modules, Netbooks), & Services (2010 – 2015)” report provides
extensive analysis of “Global LTE Market” including current market
trends, industry drivers, and challenges for better understanding of
“Global LTE Market”.
By TelecomLead.com Team
editor@telecomlead.com
