Global ProSe (Proximity Services) for LTE & 5G Networks Industry 2019-2026: Capital Investment, Industrial Output, Outlook and Forecast 2026

New York, USA, Nov 2019 (News) - Global ProSe (Proximity Services) for LTE & 5G Networks Industry is further estimated to grow at a CAGR of 55% from 2018 to 2025 to reach USD 17 Billion. Although initial investments in ProSe-enabled devices will be driven by the public safety and critical communications sector, there also exists a much larger opportunity in the commercial arena. Mobile operators can leverage ProSe to offer a range of B2B, B2B2C and B2C services that rely on proximity, including advertising, social networking, gaming, relaying traffic for wearables and V2X (Vehicle-to-Everything) connectivity.

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ProSe (Proximity Services) is a D2D (Device-to-Device) technology that allows LTE devices to search each other for communicate directly. It depends on multiple enhancements to existing LTE standards including new functional elements and a "sidelink" air interface for direct connectivity between devices.
In comparison to existing D2D and proximity networking technologies, ProSe offers several distinct benefits including but not limited to better manageability, scalability, security, privacy, and battery-efficiency. At present, efforts to commercialize ProSe are being spearheaded by the public safety and critical communications sector, amid the ongoing transition from legacy LMR (Land Mobile Radio) systems to LTE networks.

Major Market Players: (Total 36 Competitors Detailed Analysis is provided in the Research Report)
Ericsson
Facebook
FirstNet (First Responder Network Authority)
Home Office, UK
Huawei
IEEE (Institute of Electrical and Electronics Engineers)
Intel Corporation
KT Corporation
M87
MPSS (Ministry of Public Safety and Security, South Korea)
NEC Corporation

ProSe (Proximity Services) for LTE & 5G Networks Industry Segmentation:
By ProSe Device Shipments & Revenue
Public Safety & Critical Communications
Commercial Sector

By Form Factor Segmentation
Smartphones
Tablets
Wearables
Vehicle Mount Devices
V2X Devices
Other Devices

By ProSe Based Mobile Operator Service Revenue
Advertising
Social Networking
V2X Connectivity
Public Safety & Critical Communications
Other Applications

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The regional analysis of global ProSe (Proximity Services) for LTE & 5G Networks Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of Industry share owing to the strongest economies and widespread industries, which create high capital investment capabilities. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing population, high disposable income, and implementation of various technologies in food & agriculture industries would create lucrative growth prospects for the ProSe (Proximity Services) for LTE & 5G Networks Industry across Asia-Pacific region.
The report firstly introduced the ProSe (Proximity Services) for LTE & 5G Networks basics: definitions, classifications, applications and industry overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region Industry conditions, including the product price, profit, capacity, production, supply, demand and industry growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

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Research objectives
• To study and analyze the global ProSe (Proximity Services) for LTE & 5G Networks Industry size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2026.
• To understand the structure of ProSe (Proximity Services) for LTE & 5G Networks Industry by identifying its various subsegments.
• Focuses on the key global ProSe (Proximity Services) for LTE & 5G Networks players, to define, describe and analyze the value, Industry share, Industry competition landscape, SWOT analysis and development plans in next few years.
• To analyze the ProSe (Proximity Services) for LTE & 5G Networks with respect to individual growth trends, future prospects, and their contribution to the total Industry.
• To share detailed information about the key factors influencing the growth of the Industry (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of ProSe (Proximity Services) for LTE & 5G Networks subIndustrys, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the Industry.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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