Global LTE Market witness Tremendous Expansion at a CAGR of 175.0%

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.

Obtain Brochure For Latest Technology Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1757

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.

Obtain Report Details @ https://www.transparencymarketresearch.com/lte-market.html

The global market for LTE was valued at USD 10.47 billion in 2012 and is expected to grow at a CAGR of 78.6% during the forecast period from 2013 to 2019. The market is majorly driven by increased need for higher data rates and greater spectral efficiency. In turn, this need is driven by increased data usage, rapid deployments of smart devices and need for high quality of services on move. In addition, increased adoption of public safety LTE and planned large-scale adoption of LTE by operators in Asia Pacific is expected to boost the market growth further.

Download TOC @ https://www.transparencymarketresearch.com/report-toc/1757

Demand for mobile data and broadband services are growing at a fast pace, but operators are facing challenges in attempt to capture this value. There is need for resolution of substantial capacity constraints while conquering profitability issues in the current pricing composition. With huge growth in mobile data demand (including smartphone and mobile broadband), there is substantial need for spectrally efficient technology and shifting business models for monetizing mobile data across the customer base.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact Us

State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.