4G Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019
Exponential growth of network traffic is key factors contributing to this market growth. Increasing customers and need to narrow the connectivity gap are one of the factors boosting the growth of market. High end interactive mobile games which require highly efficient network services are leading to substantial growth of the market. Cost advantages in building contracts with new network vendors are the major challenge for the existing Equipment manufacturers. Large investment in the existing 3G technology could pose a major challenge to the growth of the market.
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Growing concern about security and privacy in implementing 4G network is hindering also the growth. China dominates this market contributing the largest share in terms of revenue. Regions in APAC such as Japan, South Korea, Singapore and Hong Kong are the potential hotbeds over coming years growing the market. Countries in Europe such as France, Germany have been showing relatively quicker growth and are expected to be the key markets in future.
Some of the key players of this market include Alcatel-Lucent, Nokia Siemens Networks, Ericsson Inc., Huawei Technologies Co. Ltd. Some of the other players include Alvarion Ltd., Datan Mobile Communications, Cisco Systems Inc., Equipment Company Ltd., Fujitsu Ltd., HP Co., and NEC Corp.
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