Long Term Evaluation (LTE) Market to be Worth $610.71 billion by 2019: Transparency Market Research

Albany, NY, Oct. 20, 2014 (GLOBE NEWSWIRE) -- Transparency Market Research released a new report based on "Global LTE (LTE-FDD, TD-LTE and LTE Advanced) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," indicating that the global LTE market is expected to reach a value of USD 610.71 billion by 2019, growing at a CAGR of 78.6% from 2013 to 2019. Worldwide, the LTE infrastructure market is expected to grow at a CAGR of 61.6% during the forecast period fuelled by the increased demand for high-speed and spectrally efficient wireless networks globally.

Browse full LTE Market report with complete TOC: http://www.transparencymarketresearch.com/lte-market.html

Long Term Evolution (LTE) standard has been developed and sold across the global operator community as a means of future mobile data. It is a new generation of mobile network technology that promises to develop and revolutionize the use of mobile data services on the move. In this data-driven world, the letter 'E' that stands for Evolution has set many challenges for most of the operators across the globe. LTE is a new step in the long journey of mobile network technology, and has gained utmost support from the mobile operators around the world. Its introduction is inevitable, despite the fact that it needs major investment to expand further.

Although, LTE standard is continuing to develop in the market, however, it has international differences in frequency allocation timetables that have resulted in different frequency bands used by various countries. For instance, China-led TD-LTE standard has attracted maximum attention of carriers in a number of countries. This is due to its greater efficiency in terms of frequency spectrum usage.

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In terms of geography, North America represented the largest market for LTE and revenue generation in 2012. It was valued at USD 5.36 billion in 2012 and accounted for 51.3% share of the total LTE market. The growth of the LTE market in North America was primarily spurred by the decreasing prices of LTE in comparison to the 3G network. Nonetheless, Asia-Pacific is a close contender to North America. Owing to the rising need for increased spending on infrastructure and high-speed wireless data by operators especially in India, China, Japan, and South Korea, Asia-Pacific is expected to surpass North America by 2015. This region is expected to grow at a CAGR of 88.7% during the forecast period and register a market size of USD 244.29 billion by 2019.

LTE technology gained significant momentum as the next-generation mobile access technology in this forecast period. Among the various market segments under LTE, the LTE-FDD (Long Term Evolution Frequency Division Duplex) held approximately 56.8% share in 2012, whereas, the LTE Advanced that is planned for a launch by several operators is augmented to grow at a CAGR of 175.0% from 2013 to 2019. Similarly, The Voice over LTE (VoLTE) market is expected to grow at a CAGR of 123.5% in the same forecast period. The growth in VoLTE market is driven by increased demand for voice and messaging services over LTE networks. On the other hand, operators realizing the fact that standalone data networks are not adequate in meeting customer expectations have also fuelled this market to an extent.

Related & Recently Published Report by Transparency Market Research

This report profiles the most recent development of LTE market leading operators, subscribers, and detailed information including frequency band, adopted LTE technology, equipment supplier, service coverage, and LTE user base with various country overviews and company highlights.

Browse Press Release of Global LTE Market: http://www.transparencymarketresearch.com/pressrelease/lte-market.htm

Among network operators (carriers), Verizon Wireless led the LTE market with a market share of 58.1% in 2012, which was followed by NTT DoCoMo. Some other significant network operators include China Mobile, T-Mobile, AT&T Mobility, Sprint Corp, Vodafone, and SK Telecom. Likewise, among LTE network infrastructure vendors, Ericsson led the LTE market with a market share of 30.0% in 2012, which was later followed by Huawei.

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Source:Transparency Market Research