Press release
4G LTE Devices Market to Exceed 13.1% CAGR by 2024
Inclination towards advanced technological networking solutions by consumers and rapid adoption of smart devices encrypted with artificial intelligent programming is expected to propel the demand for 4G (LTE) devices. Moreover, available features such as higher screen resolutions, low rate of network latency, and enhanced battery backup and alluring consumers to shift to 4G (LTE) devices and increase their popularity across the globe. Low priced data packages, affordability and convenience offered by device manufacturers in partnership with network operators are additional factors attracting consumers to switch to 4G (LTE) devices. This is resulting in higher popularity of 4G (LTE) devices worldwide.
By launching innovating devices both at domestic and international levels manufacturers are significantly influencing the global market of 4G (LTE) devices. In addition manufacturers are jointly working with network providing companies to offer better services and make devices at lower pricing.
Encouraging government policies in various parts of the world is expected to positively impact the global market for 4G (LTE) devices. Increasing traffic for online high-quality digital content is compelling consumer to shift to devices capable of handling advanced networking operations featuring high speed network. Besides, growing individual data consumption in expected to influence the overall market growth.
Based on device type, the global market for 4G (LTE) devices is segmented into device type tablets and smartphones. By Pricing, the global market for 4G (LTE) devices is segmented into Premium, Mid-High Low-Mid and Low. The low price range devices is the predominant segment of the market in the Asia Pacific (APAC) region, accounting for over 37% value share in 2015. The growing economic strength of the region is anticipated to reflect new market opportunities for low-end 4G (LTE) tablets and smartphones manufacturers attributed to the presence of advanced network infrastructure.
Based on distribution channel, the global market for 4G (LTE) devices is segmented into single brand store multi-brand Store (Independent or Organized), and online. The single brand store distribution channel is anticipated to witness healthy growth through 2024 as compared to other two segments, which are anticipated to grow at relatively lower rates.
On the basis of region, the global market for 4G (LTE) devices is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa (MEA). The markets in North America and Asia Pacific are anticipated to expand at healthy CAGR during the forecast period. The market in Asia Pacific (APAC) is anticipated to reflect an incremental opportunity of US$ 315 Billion through 2024. In addition, large consumer base in countries such as India, China and Indonesia is expected to supplement the growth of the market in APAC. By the end of 2016, the 4G (LTE) devices market in APAC is expected to account for over 35% market share in terms of value. North America is foreseen to maintain similar position as the second largest 4G (LTE) devices market during the forecast period. This is due to high usage of mobile device in the region. On the other hand, Europe has a small but significant market share compared to other dominant regions, as device manufacturers in Europe are comparatively less prominent
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/10466
Vendor News
Key participants in the global market for 4G (LTE) devices include LG Electronics Inc., Samsung Electronics, Apple Inc., Huawei Technology Company Limited, ASUSTeK Computer Inc., Xiaomi Inc., ZTE Corporation, and Lenovo Group Limited. Most of these companies are actively focusing on improving their offline presence by collaborating with domestic retailers and are strategically switching from 3G to 4G cellular networking technology.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/4g-lte-devices-market/toc
Summary: Demand for low priced 4G (LTE) devices is relatively high in the Asia Pacific region.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 4G LTE Devices Market to Exceed 13.1% CAGR by 2024 here
News-ID: 507285 • Views: …
More Releases from Persistence Market Research
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview:
The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period.
Market Size and Growth:
The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and…
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction
Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities.
Get Access To…
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview:
The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033.
The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an…
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products.
To obtain the latest market…
More Releases for LTE
LTE Market By Components, (Infrastructure, Terminal Equipment, LTE Testing Equip …
The Global LTE Market was valued at $158.49 billion in 2016, and is projected to reach $6,746.66 billion by 2024, having a CAGR of 60.3% during the forecast period of 2017 to 2024.
Long Term Evolution (LTE) is a 4G wireless broadband technology which is capable to provide a data speed from 30Mbps to 100 Mbps. LTE supports mixed data, voice, video and messaging traffic. Outside of the US telecommunications market,…
2018-2025 LTE Communication Market analysis report with Leading players, Applica …
LTE Communication Market
The Global LTE Communication Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The LTE Communication Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this research report.
To Access PDF…
LTE Equipment : CAGR of 21.4% By LTE Market
Press Release - 07 May2018
Global Research and Development News --
. .
"LTE Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025" with coming years Industries Trends, projections of Global Growth, Major key player and Case study, Review, Share, Size, Effect.
' '
~ Global LTE Equipment Market: Overview
The LTE equipment market report provides an in-depth analysis of the global LTE equipment market for the period…
Technological Advancements to Influence LTE And LTE Advance Market Growth
Long term evolution (LTE) and its technology extension LTE Advanced (LTE-A) are widely used cellular technologies that significantly improve spectral efficiency by increasing the performance of cellular networks to the highest theoretical downlink speed up to 1 GBPS and reducing latency. With LTE and LTE-Advance the end users of mobile devices get benefitted from enhanced bandwidth and superior performance combined with advanced features. LTE networks enhances content deliver performance to…
LTE And LTE Advance Market Forecast Report Offers Actionable Insights
Long term evolution (LTE) and its technology extension LTE Advanced (LTE-A) are widely used cellular technologies that significantly improve spectral efficiency by increasing the performance of cellular networks to the highest theoretical downlink speed up to 1 GBPS and reducing latency. With LTE and LTE-Advance the end users of mobile devices get benefitted from enhanced bandwidth and superior performance combined with advanced features. LTE networks enhances content deliver performance to…
Global LTE (LTE-FDD, TD-LTE and LTE Advanced) Market Analysis, Size, Share, Grow …
Researchmoz added Most up-to-date research on "LTE (LTE-FDD, TD-LTE and LTE Advanced) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its huge collection of research reports.
LTE, an initial of Long Term Evolution and marketed as 4G LTE, is a wireless communication standard for high-speed data for data terminals and mobile phones. LTE technology reduces the cost per gigabyte with enhanced capacity per site.…
