Growing Demand for High Network Speed to Drive LTE Market; States Research and Markets
DUBLIN: In its report, ‘The LTE, LTE-Advanced & 5G Ecosystem: 2016 - 2030 - Infrastructure, Devices, Operator Services, Verticals, Strategies & Forecasts’, Research and Markets says LTE and 5G infrastructure investments including spending on distributed macrocells, small cells, C-RAN architecture equipment and mobile core solutions are expected to account for a market worth $32 billion by 2020.
The report presents an in-depth assessment of the LTE, LTE-Advanced and 5G ecosystem including key market drivers, challenges, technologies, service revenue potential, deployment strategies, vertical market opportunities, mobile operator case studies, R&D initiatives, future roadmap, value chain, vendor assessment and market share.
In this era of sophisticated gadgets and with increasing need for higher data rates and greater spectral efficiency, the demand for high-speed mobile broadband internet is also increasing. This has led to the implementation of LTE in the public sectors, driving the market exponentially. LTE promises to provide higher data rates and lower latency at a much lower TCO (Total Cost of Ownership) than 3G technologies. With over 500 fully commercial network launches, LTE has become a mainstream technology, and a number of mobile operators have already deployed LTE-Advanced technology. The report states that LTE service revenues will account for over $600 Billion in 2016. The figure is further expected to grow at a CAGR of more than five percent over the next four years.
LTE-Advanced standard, improves performance and data rates using features such as the aggregation of carriers, interference management and advanced antenna techniques. Mobile operators and vendors have started working on R&D initiatives to develop 5G networks, with a vision of commercialization by 2020.