Jun 28, 2019   SOURCE: PR NewsWire

Long Term Evolution (LTE) Market, 2024 - Market is Expected to Register a CAGR of 42.69%

DUBLIN, June 28, 2019 /PRNewswire/ -- The "Long Term Evolution (LTE) Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

The long term evolution market is expected to register a CAGR of 42.69%, during the forecast period 2019 - 2024

With the continuous proliferation of smartphones across the globe has increased the average data consumption by an average man which has increased the need for LTE services, driving the market.

    --  Many businesses across the globe have been growing and so is the need
        for data owing to the digitization of every aspect of the business.
        Telecommunication companies are making enormous investments in new and
        advanced wireless technologies and they are also looking for better
        applications to provide payoffs.
    --  Moreover, smaller businesses have also cited the lack of better
        connectivity in terms of data services, which is one of the restraining
        factors for the growth of businesses. which increases the need for
        high-speed data connectivity.
    --  Furthermore, businesses have been increasingly deploying BYOD in the
        work environments to ease the hassles of work for the employees. Owing
        to such trends the need for better data connectivity and speeds has
        increased which drives the growth of LTE services.
    --  Also, with the development of new mobile applications that provide video
        calls, video streaming, and many other real-time applications, has
        increased the need for high-speed mobile internet, driving the market
        forward.

Scope of the Report

Long Term Evolution (LTE) refers to a standard for a smooth and efficient transition towards more advanced leading-edge technologies to increase the capacity and speed of wireless data networks. LTE is often used to refer to wireless broadband or mobile network technologies.

Key Market Trends

VoLTE Application to Witness High Growth

    --  VoLTE services deliver voice calls in the same channel as data calls,
        which eliminates the need for a different channel for voice calls. These
        services provide efficient use of the spectrum, provides richer and
        reliable service and clear call experience.
    --  Many recent technological advancements have been contributing to the
        popularization and adoption of such service in developing countries,
        such as India. Moreover, with the recent launch of Reliance Jio 4G
        network in India, has been a contributing factor to the growth of VoLTE
        services in the country.
    --  Korea has also become the first country, which has migrated to a fully
        interconnected VoLTE service with the help of GSMA, ministry of science,
        ICT, and future planning. This trend is expected to continue further in
        the future owing to various applications.
    --  With the increasing 4G coverage. the market is expected to witness
        further growth across major regions of the world.

Asia-Pacific to Witness the Fastest Growth

    --  Long term evolution (LTE) is relatively a new form of technology in this
        region as compared to other regions and this region has lesser internet
        penetration compared to other mature markets indicating a big
        oppurtunity for LTE vendors.
    --  Moreover, smartphones penetration in growing economies in this region
        has grown exponentially in recent years and is expected to grow in the
        coming few years which drives the market in this region.
    --  Furthermore, with the changing customer preferences and rising demand
        for high-speed mobile broadband in the Asia Pacific region has created a
        huge potential in the APAC market. Also, telecom operators in this
        region have planned a huge number of LTE installations in these
        developing countries.
    --  Rapid urbanization, fast industrial growth, and advancement in
        communication technology are also some of the important factors leading
        the way for advanced wireless networks and solutions in this region.

Competitive Landscape

The long term evolution (LTE) market is competitive owing to the presence of large competitors in the market in the domestic as well as in the international market. The market is consolidated and the key strategies adopted by the major players are the product innovation, mergers, and acquisition, partnerships. Some of the major players in the market are AT&T Inc., Verizon Communication Inc, Qualcomm Inc among others.

    --  September 2018 - Verizon, Nokia and Qualcomm Technologies, Inc., a
        subsidiary of Qualcomm Incorporated, reached peak data speeds of 1.45
        gigabits per second (Gbps) on LTE in a live commercial environment using
        six channel carrier aggregation, a key LTE Advanced technology. Carrier
        aggregation combines multiple channels of spectrum to provide greater
        efficiency for data sessions transmitting over wireless networks.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Need For Higher Data Rates And Greater Spectral Efficiency Driven By Increased Data Usage
4.3.2 Increased Adoption of Public Safety LTE
4.4 Market Restraints
4.4.1 Compatibility Issues
4.5 Industry Attractiveness - Porter's Five Force Analysis

5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 LTE-TDD
5.1.2 LTE Advanced
5.1.3 LTT-FDD
5.2 By Application
5.2.1 Video on Demand
5.2.2 VoLTE
5.2.3 High Speed Data Services
5.2.4 Defense and Security
5.2.5 Other Applications
5.3 Geography

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 AT&T Inc.
6.1.2 Verizon Communication Inc
6.1.3 Vodafone Inc
6.1.4 NTT DoCoMo Inc.
6.1.5 NTT DoCoMo Inc.
6.1.6 Qualcomm Inc
6.1.7 Apple Inc
6.1.8 Samsung Electronics Co. Ltd.
6.1.9 Ericson Inc.
6.1.10 Broadcom Corporation
6.1.11 Microsoft Corporation

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/7bbosh

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/long-term-evolution-lte-market-2024---market-is-expected-to-register-a-cagr-of-42-69-300877718.html

SOURCE Research and Markets