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Radio Access Technology Market - Ongoing Technological Advancements in the Telecommunication Industry Bolster Market Growth

08-06-2018 09:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Radio access technology (RAT) refers to an innovative method of physical connection for a radio based mobile communication network. It is focused on meeting customer needs by centralizing the base stations and providing a supportive solution between multiple network operators. Many modern phones have in build system for supporting several RATs in one device such as Wi-Fi, Bluetooth, etc.

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Ongoing technological advancements in the telecommunication industry as well as growing demand for improved network coverage is expected to boost the growth of radio access technology market during the forecast period. However, stringent government regulations regarding obligation of global security standards and delay in the standardization of spectrum allocation is restraining market growth.

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Based on communication technology, the 3G and 4G segment in the radio access technology market is anticipated to witness high growth rate during the forecast period. This is due to growing demand for mobile data services such as multimedia sharing, online video streaming, and increasing adoption of online mobile applications has compelled the need for strong connectivity and network densification.

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By deployment type, the cloud based deployment is forecasted to hold a large market share owing to widespread trend of smartphone adoption and the multiple benefits offered by cloud radio access technology to it.

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