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The global 4G LTE wireless broadband industry market is anticipated to rise at a staggering CAGR in the forecast period. In the information era, consumers demand for a higher broadband speed that caters to streaming applications plus providing a higher speed for communication enabling a high-speed two-way communication traffic. In fact, prior to inception of wireless devices, landlines served a great purpose of communication, though it were on a limited capacity of networks. Therefore, this bought a fundamental shift of change, switching from mobile services to wireless broadband connections, both for consumers and network providers.Read full report @: https://www.upmarketresearch.com/reports/Global-4G-LTE-Wireless-Broadband-Industry-Market-Analysis-Forecast-2018-2023
In comparison to 2G or 3G, 4G technology enables delivering a high-level service such as multimedia, video streaming and games. 4G LTE Technology is based on TCP/IP, which is a fundamental protocol of Internet operations. LTE stands for long term evolution incepted out of efforts of 3GPP in Europe and is identical to UMB (Ultra-Mobile Broadband) based on efforts by 3GPP2 incepted in North America.
LTE offers several benefits such as sophisticated access enabling high-level encryption suitable for better security and privacy. Further, LTE enables optimal speed and reduces latency for streaming real-time video. It enables high level computing that supports real-time applications and is a suitable platform for creating and deploying the products and services.
Market Drivers and Restraints:
4G LTE Wireless Broadband Industry market is driven by major factors such as increasing need for high potential communication devices coupled with favorable opportunities in emerging economies. Infrastructural advances in information technology, consumer demand for 4G LTE broadband, cost-effective service and dominance of 4G technologies is likely to bolster the market development in the near future. In addition, manufacture preference for production of 4G enabled smartphones creates a plethora of opportunities for 4G telecom companies to have a sizeable market share. Subsequently, merger and acquisitions in emerging and developed economies is likely to contribute to the 4G LTE market demand in the forecast period.
However, dearth of technical competency, latency of approvals by government for broadband spectrum in underdeveloped regions is likely to act as a market restraint during the forecast period.
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Product segment analysis for 4G LTE Wireless Broadband Industry Market include;
• Standalone
• Bundle
Application segment analysis for 4G LTE Wireless Broadband Industry Market include;
• Communication
• Mobile
Geographical segmentation for 4G LTE Wireless Broadband Industry Market include;
• North America
• Europe
• China
• Japan
• Southeast Asia
• India
In the news:
As per the news, 4G LTE will account for a sizeable market share and mobile phone subscriptions by 2023, in India. India is expected to cross 7.8 million voice-over LTD (VoLTE) subscribers and is supposed to grow 3 times more by 2023 with 4G leading the cellular IoT technologies, according to a survey conducted by Erricson, India.
Key players in the 4G LTE wireless broadband industry market include;
• Gemalto NV,
• Telit Communications SpA,
• Sierra Wireless Inc.,
• Huawei Technologies Co. Ltd.,
• Novatel Wireless,
• Option,
• Quectel Wireless Solutions,
• u-blox
• ZTE
• Sprint Nextel
• MetroPCS
• SK Telecom
• US Cellular
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Key Topics Covered In The Report:
• Chapter 1 4G LTE Wireless Broadband Market Overview
• Chapter 2 Global Economic Impact on 4G LTE Wireless Broadband Industry
• Chapter 3 Global 4G LTE Wireless Broadband Market Competition by Manufacturers
• Chapter 4 Global 4G LTE Wireless Broadband Production, Revenue (Value) by Region (2013-2018)
• Chapter 5 Global 4G LTE Wireless Broadband Supply (Production), Consumption, Export, Import by Regions (2013-2018)
• Chapter 6 Global 4G LTE Wireless Broadband Production, Revenue (Value), Price Trend by Type
• Chapter 7 Global 4G LTE Wireless Broadband Market Analysis by Application
• Chapter 8 Global 4G LTE Wireless Broadband Manufacturers Analysis
• Chapter 9 4G LTE Wireless Broadband Manufacturing Cost Analysis
• Chapter 10 Industrial Chain, Sourcing Strategy and Downstream Buyers
• Chapter 11 Marketing Strategy Analysis, Distributors/Traders
• Chapter 12 Market Effect Factors Analysis
• Chapter 13 Global 4G LTE Wireless Broadband Market Forecast (2018-2023)
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• It helps in understanding the key product segments and their future.
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