Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 20 May 2014 13:47

LTE market will reach $997 Billion by 2020

Written by Nick Farrell

Will be the next big thing

Beancounters working for Allied Market Research say that the LTE market will grow quickly and be worth more than $997 Billion by 2020. It is a fairly safe bet, the market is primed to grow and no-one will remember that number in 2020 and quote it back to them and say “six years ago you got that number wrong.”

The report, with the catchy title " LTE Market (TDD, FDD, LTE Advance) - Global Opportunity Analysis and Forecast - 2012-2020" said that Asia Pacific is forecast to surpass other geographical markets by 2020 with approximately 40 per cent of the global LTE market.

Current revenue from LTE market in Asia Pacific accounts to $2.8 billion and is expected to reach a value of$390 billion by 2020. Furthermore, this would be the fastest growing market throughout the globe, experiencing a CAGR of 71.5 per cent during 2013-2020.

The report said that Telecom companies have already gained good number of 4G LTE subscribers in the developed countries.

Increased need for higher data rates and greater spectral efficiency are the primary factors driving the market growth. The development of LTE in the public sectors such as public safety as well as in defence and security is further driving the market exponentially.

These applications require high-speed communication at times of emergency and therefore LTE is the best-suited network to feed this need. Furthermore, changing customer preferences and rising demand for high-speed mobile broadband in Asia Pacific region has created a huge potential in the APAC market. Telecom operators have planned highest number of LTE installations in these developing countries, the report said.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments