LTE, an acronym for Long-Term Evolution, commonly marketed as 4G LTE, is a standard for wireless communication of high-speed data for mobile phones and data terminals. It is based on the GSM/EDGE and UMTS/HSPA network technologies, increasing the capacity and speed using a different radio interface together with core network improvements
4G LTE is the latest technology in the mobile broadband market. LTE can provide a data speed of up to 30 Mbps and LTE Advance can even provide a speed of 100 Mbps. LTE market is at a developing stage.
Global LTE market is expected reach a value of $997 billion by 2020 with a CAGR of 58.2% during 2013-2020.
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
Asia Pacific is expected to lead the market with 40% of share in the global LTE market by 2020.
Asia Pacific LTE Market is expected to reach 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.
Key Players:
Key players in this market are AT&T Inc., Verizon Wireless, Sprint Corporation, T-Mobile US Inc., China Mobile Ltd., Bharti Airtel Ltd., Ericsson, Alcatel-Lucent, Nokia Solutions and Networks B.V. (NSN) and Huawei Technologies Co. Ltd.
4G LTE is the latest technology in the mobile broadband market. LTE can provide a data speed of up to 30 Mbps and LTE Advance can even provide a speed of 100 Mbps. LTE market is at a developing stage.
Global LTE market is expected reach a value of $997 billion by 2020 with a CAGR of 58.2% during 2013-2020.
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
Asia Pacific is expected to lead the market with 40% of share in the global LTE market by 2020.
Asia Pacific LTE Market is expected to reach 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.
Key Players:
Key players in this market are AT&T Inc., Verizon Wireless, Sprint Corporation, T-Mobile US Inc., China Mobile Ltd., Bharti Airtel Ltd., Ericsson, Alcatel-Lucent, Nokia Solutions and Networks B.V. (NSN) and Huawei Technologies Co. Ltd.
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