Global 4G Devices Market to Grow 8.67% CAGR to 2021 – Analysis of Apple, Huawei Technologies, Lenovo, LG, NETGEAR, Novatel Wireless

MarketResearchNest.com adds “Global 4G Devices Market 2017-2021” new reports to its research database. The report spread across 90 pages with tables and figures in it.

The research analysts forecast the global 4G devices market to grow at a CAGR of 8.67% during the period 2017-2021.

4G devices are devices that can support 4G networks and provide greater data processing speed than the previous generation mobile telecommunication technologies such as 2G and 3G. 4G is seen as a remarkable evolution over 3G due to faster data transfer rate, high-frequency bands, and high download and upload rate. International Telecommunications Union-Radio (ITU-R) communications sector has set up standards for 4G, namely, International Mobile Telecommunications Advanced (IMT-Advanced). However, there are no networks available in the market that meet the specifications set by ITU-R. Therefore, technologies that are more advanced than 3G are sold by service providers as 4G.

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Technavio recognizes the following companies as the key players in the global 4G devices market: Apple, Huawei Technologies, Lenovo, LG, NETGEAR, Novatel Wireless, OPPO, Samsung, Sony, Vivo Communication Technology, Xiaomi, and ZTE.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Online distribution of devices. A very popular phenomenon that came up 2-4 years ago was that of exclusive online distribution of mobile computing devices such as smartphones. The reason for this is that the younger generation, which is the primary target group for smartphones, spends a considerable amount of time on the Internet through PCs, laptops, tablets, and smartphones. With the added convenience of doorstep delivery and getting in-depth details of the smartphones, people want to purchase products with exclusive offers available online such as cash back on purchases. This encourages the younger generation to purchase products through the online channels.

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According to the report, one of the major drivers for this market is Growing use of Internet. The Internet has seen massive growth since 2000. With the rising digital communication, social media, and e-commerce, the penetration of the Internet is expected to rise further. Despite the lowest Internet penetration rate in the region, APAC has the highest number of Internet users, which represents more than 50% of the entire Internet using population. With the rising number of Internet users across the world, there would be a higher deployment of 4G networks for accessing high-speed networks and faster data transfers. This will drive the demand for 4G devices.

Further, the report states that one of the major factors hindering the growth of this market is High tariff plans. Mobile broadband modem connections are more expensive than home digital subscriber line (DSL) connections or cable setups. For example, AT&T's wired broadband connection provides 250 GB data and costs around $30, whereas a hotspot connection is more expensive and costs around $149.99 for a monthly data of 5 GB. AT&T's wired broadband connection also provides additional 1 GB refills for $10.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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