LTE Mobile Broadband Market : Industry Growth Report By Radiant Insights,Inc
LTE Mobile Broaband Company Is projected to reach USD 22 billion in 2021.
San Francisco, United States – March 29, 2016 /MarketersMedia/ —
LTE stands for long term evolution. It is a mobile network technology being deployed by mobile vendors on both CDMA (Code-Division Multiple Access) and GSM (Global System for Mobile Communication) technology paths. Live LTE networks are able to deliver extremely fast data speeds- up to 100 Mbps in downlink and 50Mbps in uplink. LTE offers high level of spectral efficiency, high network capacity and low latency.
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Verizon Wireless is the largest LTE operator at present. It launched commercial LTE service in late 2010. The company has been making huge investments in the LTE space. Its investments are projected to reach USD 22 billion in 2021. Experts project that providers of 2G/3G services could reap profits within 5 to 7 years of the launch of LTE services. These predictions are for the period between 2011 and 2021. Analysis of costs, subscriber growth, revenue types, and ARPU (Average Revenue per User) indicate that Verizon Wireless would be able to recover its CAPEX (Capital Expenditure) in 2018.
MNOs (Mobile Network Operators), mobile handset vendors, LTE chip manufacturers, and mobile service providers are the key stakeholders in the area of LTE mobile broadband.
The market for LTE mobile broadband may face certain challenges. Core revenues of LTE operators are at risk of being cannibalized by services offered by OTT (Over-The-Top) vendors. Telco-OTT is observed to witness growth as consumers start using multiple devices like gaming consoles, smartphones, televisions, laptops, etc. each of which may have different access providers. This is especially true as public-access Wi-Fi becomes a norm. Such cannibalization may erode revenues and profitability of LTE system operators. Also, fragmented spectrum may slow down the growth of LTE services.
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LTE technology is also being threatened by WiMAX – another IP (Internet Protocol) technology. Deployment of WiMAX technology is more affordable as compared to LTE network. WiMAX is a sound alternative for private mobile broadband wireless networks. Owing to these reasons it is expected to have higher adoption rates in developing regions. However, LTE enjoys wide popularity across regions. Its biggest advantage is that it is compatible with all previous technologies such as GPRS, GSM, CDMA, UMTS, etc.
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Leading LTE infrastructure vendors are NEC Corporation, ZTE Corporation, Alcatel-Lucent, Huawei Technologies Co. Ltd., and Nokia Siemens Corporation. Main wireless mobile operators include Telstra, NTT DoCoMo, Vodafone, AT&T, etc. LTE networks are mainly available in North America, Asia and Europe.
About Radiant Insights,Inc
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
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