LTE Market

Global LTE Market : Growing Need for Higher Data Rates to Boost Market Growth at
78.6% CAGR
According to a recent market research report published by Transparency Market
Research, the global LTE market is estimated to take a leap at a CAGR of 78.6%
during the period between 2013 and 2019. The report, titled “Global LTE Market Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”, forecasts
the global LTE market to reach a valuation of US$610.71 bn by 2019. The overall
market was worth US$10.47 bn in 2012.
Long term evolution, better known as LTE and marketed as 4G LTE, refers to a
wireless communication standard for high-speed data for mobile phones and data
terminals. With enhanced capacity per site, LTE technology lowers the cost per
gigabyte. The report points out that the need for higher data rates and greater
spectral efficiency due to increased data usage is fuelling the demand from the global
LTE market. Rapid development of smart devices and need for high quality of
services on the move have further pushed the growth of the market. Public safety
LTE and planned large-scale adoption of LTE by operators in Asia Pacific will propel
the growth of the global LTE market.
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However, the report states that roaming on LTE networks is not fully developed yet.
This along with compatibility issues will restrain the growth of the global LTE
market. The overall market has a huge opportunity to grow with the convergence of
IT and telecom. Connected devices and Internet-of-Things will create new growth
avenues for the market during the forecast horizon. On the basis of technology, the
report segments the global LTE market into TD-LTE or LTE-TDD, LTE-FDD, and LTE
advanced. In 2012, the LTE-FDD segment accounted for 56.8% market share.
However, during the forecast horizon, the report estimates the LTE advanced segment
to witness tremendous expansion at a CAGR of 175.0%.
In terms of services and applications, the report categorizes the global LTE market
into games, browsing, M-commerce, M2M and connected devices, music, mobile
cloud services, public safety LTE, P2P (person-to-person) messaging, VoLTE (Voice
over LTE), and TV/Video-on-Demand (VoD). The VoLTE (Voice over LTE) segment is
estimated to rise at a CAGR of 123.5% CAGR during the forecast period.
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The report studies the global LTE market across four key regions: Europe, North
America, Asia Pacific, and Rest of the World. North America dominates the overall
LTE market. In 2012, the North America LTE market was worth US$5.36 bn owing to
lower prices of LTE as compared to the 3G network. The report forecasts that during
the period between 2013 and 2019, the Asia Pacific LTE market will witness an
incredible CAGR of 88.7% due to growing demand for high-speed wireless data across
countries such as India, Japan, China, and South Korea.The report profiles some of
the key players in the global LTE market such as Verizon Wireless, AT&T Inc., Sprint
Corporation, China Mobile Ltd., Alcatel-Lucent, and Huawei Technologies Co. Ltd.

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