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4G Services Global Market Size is Expected to Reach $438.3 Billion By 2028, Key Factors behind Market's Exponential Growth
4G Services Global Market
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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