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LTE Advanced and 5G Market Size will Observe Substantial Growth by 2021
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In addition, 5G provides ultra low latency range between 1ms and 10ms, while 4G technology can offer low latency range between 40ms and 60ms. With ultra low latency range end-users can watch live stream of sports matches over internet. Rising demand for high internet speed to get real time response is one of the major factors driving the development of latest technologies such as LTE advanced and 5G.
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Increasing demand for more advanced smart-phones, tablets and other mobile devices is expected to create demand for technologies that can provide high internet speed, which is, in turn, expected to drive the growth of LTE advanced and 5G market. Further, Japan is planning to showcase LTE advanced and 5G innovation throughout the Pyeongchang 2018 winter Olympics and Tokyo 2020 Summer Olympics which would add to the growth of this market over the forecast period. Other factors responsible for supporting to the market growth include enhanced internet coverage, increased adoption of mobile broadband and growing machine-to-machine communications in organizations.
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The key players in LTE advanced and 5G market include Alcatel-Lucent, AT&T Inc., Ericsson Inc., SK Telecom Co. Ltd, NTT Docomo Inc., Verizon Communications, Qualcomm Inc., Nokia Networks, Samsung Group, Deutsche Telecom AG, Telefonica S.A and Huawei Technologies Company Ltd. among others. Key players in this market are focusing on introducing innovative LTE advanced and 5G technologies to gain first mover advantage. For example, in 2014 SK Telecom Co. Ltd entered into agreement with Ericsson Inc. for joint research on 5G technologies in South Korea. In addition, major companies such as Samsung Group, Nokia Networks and NTT Docomo Inc. are focusing on developing smart-phones that would be capable of deploying these technologies.
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