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121.6% Growth Rate for LTE Advanced Pro Market by 2023 | Latest Innovation, Advance Technology, Top Companies

10-02-2019 07:58 PM CET | IT, New Media & Software

Press release from: ReportsandReports

121.6% Growth Rate for LTE Advanced Pro Market by 2023 | Latest

The Global report titled “LTE Advanced Pro Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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The LTE Advanced Pro Market is expected to be worth US$ 15.6 Million in 2017 and is likely to reach US$ 8,017.5 Million by 2023, at a CAGR of 121.6% between 2018 and 2023. This report spread across 184 pages, profiling 12 companies and supported with 71 tables and 48 figures is now available in this research.

Top Companies profiled in the LTE Advanced Pro Market:
• Huawei (China)
• Ericsson (Sweden)
• Nokia Networks (Finland)
• ZTE (China)
• Samsung Electronics (South Korea)
• NEC(Japan)
• Cisco Systems (US)
• Qualcomm (US)
• Intel (US)
• Ciena Corporation (US)
• Cavium Inc. (US)
• Qorvo Inc. (US)

“Small cell is expected to hold the largest size of the LTE Advanced Pro market by2023”
Small cell is expected to hold the largest size of the LTE Advanced Pro market by 2023. Small cells are ideal for use at places where macro antennas cannot reach. Small cells offer new revenue streams to mobile network operators by providing insightful analytics about customers and reducing the total cost of ownership per bit of data carried across the network. The market for small cell is gaining traction due to its attractiveness in terms of economics and easy deployment.

“NFV is expected to grow at the highest CAGR during the forecast period”
The LTE Advanced Pro market for the NFV core network technology is expected to grow at the highest CAGR during the forecast period. The increasing adoption of SDN and NFV technologies by telecom service providers has boosted the overall network capacity potential by delivering flexibility in bandwidth. SDN transforms the network to a more open and programmable framework by implementing a decoupled centralized control layer, which in turn enables the implementation of NFV that optimizes network resources.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 55%, Tier 2 – 35%, and Tier 3 – 10%
• By Designation: C- Level Executives – 65%, Directors – 25%, and Others – 10%
• By Region: North America – 45%, APAC – 26%, Europe – 22%, and RoW – 7%

Study Objectives:
• To analyze opportunities in the market for stakeholders and detail the competitive landscape for market players

• To describe, segment, and forecast the LTE Advanced Pro market, in terms of value, by communication infrastructure, core network technology, and deployment location

• To forecast the market for various segments with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market

• To strategically profile key players and comprehensively analyze their market ranking and core competencies

• To analyze developments such as product launches & developments, partnerships & collaborations, agreements, and research and development (R&D) in the LTE Advanced Pro market

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Target Audience for LTE Advanced Pro Market:
• System integrators
• Software providers
• Network service providers
• Distributors and resellers
• Telecom infrastructure vendors
• Device manufacturers
• Telecom network operators
• Technology investors
• Research organizations
• Raw material and manufacturing equipment suppliers
• Cellular technology-related associations, organizations, forums, and alliance

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