The Global Market for 4G/Long Term Evolution (LTE) is Projected to Reach 2.8 Billion Unique Subscribers by 2022

Increasing Demand for Data & Bandwidth and the Need to Monetize New Mobile Applications Drive the Transition Towards 4G/Long Term Evolution (LTE), According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global 4G/Long Term Evolution (LTE) market. The global market for 4G/Long Term Evolution (LTE) is projected to reach 2.8 billion unique subscribers by 2022, driven by the rise of bandwidth-intensive applications, the need among network service providers to monetize emerging mobile applications and the resulting investments in advanced mobile communication technologies which offer faster data connectivity, higher bandwidth, improved adoption of mobile data services, and higher margins and ARPUs.  

Telecommunication, especially the mobile communication, is a dynamic sector, the course of which is totally determined and directed by technology advancements. While the advent of 2G-enabled mobile phones derailed the long-standing fixed telephone, emergence of 3rd generation (3G) technology led to steady decline in unit sales of 2G phones. Currently, the more advanced 4th generation (4G) technology has made rapid progress in the mobile communication space, while outpacing the 3G technology. Commercially launched in 2010, 4G emerged as the technology of choice for mobile network operators (MNOs) seeking to expand their network capacity to manage competitive pressures in the mobile services market. In line with the growing demand for high-quality, superior services, MNOs are shifting focus on the 4G technology. MNOs are making a rapid move towards 4G to benefit from key features such as unmatched latency performance, highly convenient MIMO deployment, and wider radio channels among others. 4G technology also provides mobile subscribers faster connectivity speeds for data downloads and uploads, superior response for apps, and enhanced end-user experience.

A host of factors are contributing to the growth in the 4G/LTE market such as expanding base of smartphone users; soaring consumption of mobile data; enhanced use of mobile messaging and social networking; positive demographic and socio-economic factors such as expanding urban and middle class population, increasing disposable incomes and digitalizing lifestyle trends where sophisticated gadgets are gaining priority. The market is immensely benefiting from growing opportunities for mobile technologies in various domains including commercial enterprise, eCommerce, healthcare, and government/public safety among others. In the enterprise sector, enterprise mobility, BYOD and mobile cloud, are improving 4G/LTE prospects. In the consumer market, the rise of smart homes, smart buildings, and Internet of Things (IoT) are favouring market growth. Going forward, the market will continue to benefit from improvements in technology and integration of concepts such as Voice over LTE (VoLTE) and Wi-Fi support capability.

As stated by the new market research report on 4G / Long Term Evolution (LTE), Asia-Pacific represents the largest market worldwide supported by growing population; economic development; massive improvements in telecommunication infrastructure and connectivity; strong progress in subregional and regional telecom connectivity; rapid growth in mobile phone subscribers as a result of falling prices of smartphones and competitive voice and data tariffs; strong appetite for IT and telecom services among the expanding base of middle class population living digitalized lifestyles.  Latin America constitutes the fastest growing market exhibiting a CAGR of 33.1% over the analysis period.

Major players covered in the report include Apple Inc., AT&T, Bharti Airtel Limited, China Mobile Limited, China Telecom Corporation Limited, China Unicom (Hong Kong) Limited, Cisco Systems, HTC Corporation, Huawei Technologies Co., KDDI Corp., KT Corp., Lenovo, LG Electronics, Motorola Mobility LLC, Nokia Networks, NTT DoCoMo, Orange S.A., Samsung Electronics Co., SK Telecom, Sprint Nextel Corporation, Telefonaktiebolaget LM Ericsson, Telefónica S.A., Telenor ASA, Telstra Corporation Limited, T-Mobile International AG & Co. KG, Verizon Communications, Vodafone Group Plc, and ZTE Corporation.

The research report titled “4G / Long Term Evolution (LTE): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections of subscriber base in thousands for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America and Rest of World.

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