4G Services Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

4G Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $438.3 billion In 2028 At A CAGR Of -5.1% :

The 4G services market size has declined steeply in recent years. It will decline from $585 billion in 2023 to $540 billion in 2024 at a compound annual growth rate (CAGR) of -7.7%. The decline in the historic period can be attributed to high initial investment, energy consumption, environmental concerns, supply chain disruptions.

The 4G services market size is expected to see steep decline in the next few years. It will decline to $438.3 billion in 2028 at a compound annual growth rate (CAGR) of -5.1%. The decline in the forecast period can be attributed to saturation of 4g coverage, stringent regulatory, shift in consumer preferences, vast competition. Major trends in the forecast period include enterprise solutions, 5G preparations, improved roaming services, content streaming optimization, security enhancements.

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4G Services Market Major Segments
The 4g services market covered in this report is segmented -

1) By Technology: LTE-FDD (Frequency Division Duplex), LTE-TDD (Time Division Duplex), LTE- advance, WiMax, and HSPA+
2) By Connection Plan: Pre-paid, Post-paid, and Broadband
3) By End User: Retail, Corporate, Government or Public Sector, Other End Users

Key Driver - Surging Demand For High-Speed Internet Connectivity To Drive Market Growth

Increasing demand for high-speed internet connectivity is driving the 4G services market. The demand has been increasing significantly over the past few years due to an increase in the use of smart devices. An increase in social media usage, online content activities, voice search/voice commands, smart home devices, games, and e-commerce is driving the demand for high-speed internet connectivity. For instance, in August 2022, according to Eurostat, a Luxembourg-based statistical office of the European Union, in 2021, high-speed internet coverage increased to 70.2% of EU households, marking growth from 59.8% in 2020. The increase in online activity drives the need to have high-speed connectivity, thereby increasing the potential of the 4G services market.

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Prominent Trend - Machine-To-Machine (M2M) And IOT Integration Revolutionizing The 4G Services Market

The machine-to-machine (M2M) and IoT infrastructure are a key trend in the 4G services market. Alternate telecommunications networks are set up primarily to support M2M / IoT, providing low-cost wireless M2M with faster data rates and low-cost equipment for low bandwidth data transmission. Initiatives introduced by Weightless (U.S.) SIG and SigFox (Fr.) and others offer M2M / IoT solutions that integrate coverage, battery life, cost module, and operational simplicity, and claim to significantly boost established cellular networks. The technologies that exploit existing networks make the most sense, according to Sierra Wireless, and they see 4G / LTE as the technology of choice for M2M deployments. Sierra Wireless indicates that cellular connectivity will play a key role on the Internet of Things (IoT) and has been working with other hardware vendors and network carriers on the recently unveiled LTE-M (LTE for M2M) that offers low power consumption, easy deployment and interoperability, good security and mobility, low overall cost, and excellent coverage.

4G Services Market Players
Major companies operating in the 4g services market report are Apple Inc., Samsung Electronics Co. Ltd., Verizon Wireless, China Mobile Limited, AT&T Mobility LLC, Huawei Technologies Co. Ltd., Lenovo Group Ltd., China Telecom Corporation Limited, Vodafone Group plc, Cisco Systems Inc., China Unicom (Hong Kong) Limited, KDDI Corp., Orange S.A., Telefónica S.A., Telefonaktiebolaget LM Ericsson, KT Corporation, ZTE Corporation, Bharti Airtel Limited, Telstra Corporation Limited, S.K. Telecom Co. Ltd., Nokia Networks, Alcatel-Lucent SA, Motorola Mobility LLC, Telenor ASA, NTT DoCoMo Inc., T-Mobile International AG & Co. KG, MetroPCS Communications Inc., U.S. Cellular, Sprint Nextel Corporation

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the 4G market in 2023. The regions covered in the 4g services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. 4G Services Market Report Structure
3. 4G Services Market Trends And Strategies
4. 4G Services Market - Macro Economic Scenario
5. 4G Services Market Size And Growth
…..
27. 4G Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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