4G LTE Market 2019 Size, Segments, Industry Growth and Global Trends by Forecast

Posted by Kiran on November 6th, 2019

4G LTE Market Overview:

The global 4G long-term evolution (LTE) market is expected to be valued at approximately USD 322.77 billion by 2023, estimates Market Research Future (MRFR). The market could achieve an impressive CAGR of 38% during the forecast period (2017-2023).

4G connectivity has emerged as a revolutionary trend within the telecom sector, acting as an advanced replacement for 3G connectivity. The 4G (fourth generation) mobile network technology gives way to a reliable connection that induces high-speed data transfer. The 4G LTE generally means fourth-generation long-term evolution that offers the quickest connection for a mobile internet experience. This data transfer is almost ten times faster than 3G mobile network.

The global 4G LTE market also profits from elevated adoption of in-expensive smart devices like smartphone, tablets, and laptops, along with soaring demand for better connectivity among customers. On a different note, constant exposure to harmful radiations can slow down the market growth rate in the following years. However, the booming telecommunication industry across the globe will ensure a smooth run for the market during the evaluation period.

Browse Full Report Details @https://www.marketresearchfuture.com/reports/4g-lte-market-1088

Leading Vendors:

The vendors that are leading the worldwide global 4G LTE market are MetroPCS (USA), AT&T (USA), Huawei Technologies Co. Ltd. (China), LM Ericsson (Sweden), Alcatel-Lucent (France), S.K. Telecom (South Korea), Verizon Wireless (USA), US Cellular (USA), Sprint Nextel (USA), Vodafone Group PLC (UK), Bharti Airtel Ltd. (India), to name a few.

Market Segmentation:

• The 4G LTE market has been segmented in context to device-type, technology, connection plan, and organization size.
• The types of devices that make use of 4G LTE are smartphones, laptops, tablets, routers, wireless modem, and others.
• Depending on the technology, the market is split into LTE-FDD (frequency division duplex), LTE-TDD (Time-division duplex), LTE- advance, WiMax, HSPA+.
• In terms of the connection plan, the market is considered for pre-paid and post-paid.
• The sizes of the organizations that deploy 4G LTE are small & medium enterprises and large enterprises.

Regional Analysis:

The global 4G LTE market is spread across the primary regions of North America, Europe, Asia Pacific (APAC), and The Rest of World (RoW).

North America has the highest chance of becoming the leading market for 4G LTE market in the given timeframe. The United States (U.S.) and Canada happen to be the most lucrative markets in the region, given the advanced spectrum efficiency that leads to repurposing of broadcast spectrum for broadband. Fast-paced adoption of ground-breaking technologies, as well as constant innovations in the region, benefits the market to a great extent. Apart from that, availability of massive funds for research and development along with the presence of a thriving

ICT sector paves the way for critical technological advancements within the region.