Press release
Global 4G Services Market Projected to Surpass $449.77 Billion by 2029 with -2.5% Annual Growth
4G Services Market Size
The need for rapid internet access is becoming a driving force for the 4G services market. There has been a substantial growth in demand over the recent years, attributed to an uptick in smart devices usage. The escalating use of social media, online content activities, voice-activated searches or commands, smart home tech, gaming, and e-commerce are all contributing factors to this growing need for speedy internet connectivity. For instance, data from GOV.UK in July 2022 showed that from April 2021 until March 2022, there was a 27 point increase in gigabit-capable coverage, leaping from 38.8% to 66.5%. This boost in online engagement emphasizes the requirement for high-speed connectivity thereby enhancing the potential of the 4G services market.
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How will the growth rate of the 4g services market shape industry trends by 2034?
In recent times, there has been a significant dip in the market size of 4G services. From a value of $525.68 billion in 2024, it is projected to fall to $496.64 billion in 2025, with a compound annual growth rate (CAGR) of -5.5%. This drop during the historic period could be attributed to the considerable initial investment required, consumption of energy, environmental considerations, and disruptions in the supply chain.
Over the next several years, the market size of 4G services is anticipated to experience a downturn. By 2029, it's projected to decrease to $449.77 billion, with a compound annual growth rate (CAGR) of -2.4%. The drop during the forecast period can be assigned to factors including, 4G coverage saturation, rigid regulations, shifts in customer habits, and intense market competition. During this period, the primary trends will comprise enterprise solutions, preparations for 5G, advancing roaming services, content streaming enhancement, and security improvements.
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What are the most significant trends transforming the 4g services market today?
Machine-to-machine (M2M) as well as Internet of Things (IoT) infrastructure represent a crucial pattern observed in the 4G services market. Specialized telecommunication networks, primarily designed to back M2M and IoT, offer inexpensive wireless M2M along with enhanced data speeds and low-cost tools for small bandwidth data transfer. Actions set in motion by Weightless (U.S.) SIG and SigFox (Fr.) among others propose M2M and IoT solutions that amalgamate coverage, battery longevity, cost module, and simplicity of operation, thereby claiming to dramatically augment established cellular networks. Sierra Wireless suggests that technologies which leverage existing networks are the most practical, naming 4G and LTE as the optimal choice for M2M applications. It posits that cellular connectivity will serve a pivotal role within the realm of IoT and has collaborated with a range of hardware providers and network carriers on the newly launched LTE-M (LTE for M2M), offering low power usage, simplistic configuration and interoperability, robust security and mobility, low aggregate cost, and commendable coverage.
Which primary segments of the 4g services market are driving growth and industry transformations?
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
Subsegments:
1) By LTE-FDD (Frequency Division Duplex): Standard LTE-FDD, Enhanced LTE-FDD
2) By LTE-TDD (Time Division Duplex): Standard LTE-TDD, Enhanced LTE-TDD
3) By LTE-Advanced: Carrier Aggregation, MIMO (Multiple Input Multiple Output)
4) By WiMAX: Fixed WiMAX, Mobile WiMAX
5) By HSPA+ (Evolved High-Speed Packet Access): HSPA+ with MIMO, Dual-Carrier HSPA+
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Which geographical regions are pioneering growth in the 4g services market?
Asia-Pacific was the largest region in the 4G market in 2024. The regions covered in the 4G services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the 4g services market landscape?
Major companies operating in the 4G services market include 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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What Is Covered In The 4G Services Global Market Report?
• Market Size Forecast: Examine the 4g services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the 4g services market for a structured understanding.
• Key Players Overview: Analyze major players in the 4g services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 4g services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the 4g services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 4g services market.
• Industry Challenges: Identify potential risks and obstacles affecting the 4g services market.
• Competitive Landscape: Review strategic developments in the 4g services market, including expansions, agreements, and new product launches.
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