ProSE (Proximity Services) for LTE and 5G Networks Market to be worth US$17.0 bn by 2025

Albany, NY, July 14: The report, titled “ ProSe (Proximity Services) for LTE & 5G Networks: 2017 - 2030 - Opportunities, Challenges, Strategies & Forecasts,” has been compiled to act as a dependable business tool for the telecom companies and government agencies. The report segments the market on the basis of form factor and mobile operator service revenue, presents the potential of the market in numerous individual countries, and profiles some of the leading companies in order to represent the competitive landscape.

As per the findings of the report, proximity services are device to device technology that was first introduced in release 12 of the 3GPP specifications, enables LTE devices to identify one another and communicate as well as transfer data directly. Proximity services are able to function under diverse enhancements to the current LTE standards such as new functional elements and sidelink air interface. ProSe has clear advantages over the current device to device and other proximity networking technologies, such as manageability, scalability, security, privacy, and battery-efficiency. Public safety and increasing sophistication of the communications sector are the primary reasons that are helping the commercialization of ProSe, while the transition from legacy land-mobile-radio (LMR) systems to LTE networks are being worked out.

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The report has detected that proximity services are gaining investments from public safety and the communication sector, commercial arena offers vast new opportunities as well. The mobile operators can be benefitted by ProSe to offer their customers a range of B2B2C, B2B, and B2C services, such as social networking, advertising, relaying traffic for wearables, gaming, and vehicle-to-everything connectivity. By the end of the forecast period, which is 2025, the author of the report expects that mobile operators can hope for a US$17.0 bn in revenue from the proximity services market. Nearly 55 percent of this revenue will gain from proximity advertising, the author estimates.

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Based on ProSe device shipments and revenue, the market has been segmented into commercial sector and public safety and critical communications. Form factor segmentation of the report are smartphones, wearables, tablets, vehicle mount devices, and V2X devices. Geographically, the report gauges the potential of the proximity services market in the regions of Asia Pacific (APAC), The Middle East and Africa (MEA), Eastern Europe, North America, Latin and Central America, and Western Europe.

Some of the leading companies in the proximity services market that have been profiled in the report are: Apple, Qualcomm, Samsung Electronics, 3GPP, Ericsson, Facebook, Bluetooth SIG, Compass.To, Deutsche Telekom, EE, U.S. Department of Commerce, Home Office, UK, Huawei, NXP Semiconductors, Intel Corporation, KT Corporation, M87, IEEE, NEC Corporation, FirstNet, Nokia, NTT DoCoMo, OnePlus, MPSS, Telecom Italia Group, ASTRI, Wi-Fi Alliance, Yahoo, ZigBee Alliance, and U.S. NIST.

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