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The LTE Market Is Expected to grow at a Dynamic Rate till 2022
LTE Market
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The two primary factors that are prominently driving the market growth are, the increasing need for high data rates and greater spectral efficiency. Implementation of LTE in public sectors along with defense and security, is further driving the market exponentially. These applications require high-speed communication during emergency situations and therefore LTE is the best-suited network to fulfill such need. Furthermore, changing customer preferences and a rising demand for high-speed mobile broadband in the Asia-Pacific region indicate a great potential in the APAC market. However, fragmented and limited spectrum are the two factors that restrain the market growth.
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The market is segmented on the basis of technology, application and country. The technology segment includes LTE FDD, LTE TDD and LTE Advance. The application segment includes M2M and connected devices, public safety LTE, surveillance, browsing and large enterprise, defense and security and VoLTE. The key players in this market are NTT Docomo Inc., AT&T Inc., Bharti Airtel Ltd., Vodafone Group Plc and Huawei Technologies Co. Ltd.
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