The long term evolution (lte) and 5g broadcast global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Long Term Evolution (LTE) And 5G Broadcast Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The long term evolution (LTE) and 5G broadcast market size has grown rapidly in recent years. It will grow from $0.83 billion in 2023 to $0.94 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to growing need for fast internet connectivity, growing expansion of the internet of things (IoT), rising consumer’s demand for premium content, rising application of multimedia services across emerging economies.
The long term evolution (LTE) and 5G broadcast market size is expected to see rapid growth in the next few years. It will grow to $1.53 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to surging penetration of smartphones, benefits offered by LTE & 5G broadcast infrastructure, the development of narrow-band IoT (NB-IoT) in 3gpp. Major trends in the forecast period include rapid technological advancements, digital innovation, advancement in the broadband speed, Strategic collaboration initiatives.
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Scope Of Long Term Evolution (LTE) And 5G Broadcast Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Long Term Evolution (LTE) And 5G Broadcast Market Overview
Market Drivers –
The increasing penetration of smartphones is expected to propel the growth of the long-term evolution (LTE) and 5G broadcast market going forward. Smartphones are handheld electronic devices that combine the functionalities of a traditional mobile phone with those of a computer. The increasing penetration of smartphones is due to internet connectivity, digital platforms, and mobile workforce capabilities. LTE improved coverage and reliability over 3G, and 5G takes this further by utilizing a mix of spectrum bands that can cover larger areas and penetrate buildings better. Improved reliability and coverage make smartphones more functional in more places, encouraging higher adoption rates in rural and underdeveloped regions. For instance, in March 2023, according to a report published by Cybercrew, a UK-based company developing and providing cybersecurity solutions, the percentage of UK households using smartphones reached 91.43% in 2021, which is projected to increase to 93.8% by 2026. Therefore, the increasing penetration of smartphones drives the LTE and 5G Broadcast market.
Market Trends –
Major companies operating in the long-term evolution (LTE) and 5G broadcast market are developing technological solutions, such as the 5G Fixed Wireless Access (FWA) platform, to gain a competitive edge in the market. The 5G Fixed Wireless Access (FWA) platform is a technology that provides fast internet access to homes, businesses, and other places using 5G wireless networks. For instance, in February 2021, Qualcomm Incorporated, a US-based software and wireless services company, introduced the new Qualcomm 5G FWA platform, driven by the Snapdragon X65 5G Modem-RF System, which allows mobile operators to offer fixed broadband to homes and businesses via their 5G networks. The Qualcomm 5G FWA Platform gen two reference design speeds up the production of 5G fixed wireless devices, offering consumers faster, more reliable internet with up to 10 Gigabit 5G peak speeds.
The long term evolution (lte) and 5g broadcast market covered in this report is segmented –
1) By Device Type : Wireless And Mobile Devices, Wired Devices
2) By Technology : Long-Term Evolution (LTE) Broadcast, 5G Broadcast
3) By End Users : Video-On-Demand, Mobile TV, Connected Cars, Emergency Alerts, Stadiums, E-Newspapers And E-Magazines, Radio Data Feed And Notifications, Other End Users
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Regional Insights –
North America was the largest region in the long term evolution (LTE) and 5G broadcast market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the long term evolution (LTE) and 5G broadcast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the long term evolution (LTE) and 5G broadcast market report are Samsung Electronics Co. Ltd.; Verizon Wireless; AT&T Inc.; China Mobile Ltd.; Huawei Technologies Co. Ltd.; China Telecom Corporation Limited; Intel Corporation; T-Mobile USA Inc.; China United Network Communications Limited; Cisco Systems Inc.; Qualcomm Incorporated; America Movil S.A.B. de C.V.; NTT Docomo Inc.; NEC Corporation; Telefonaktiebolaget LM Ericsson; Nokia Corporation; KDDI Corporation; KT Corporation; ZTE Corporation; Telstra Group Limited; Telstra Corporation Limited; SK Telecom Co. Ltd.; Keysight Technologi Inc.; Rohde & Schwarz GmbH & Co. KG; Reliance Limited; Sierra Wireless; Spinner GmbH; Enensys Technologies SA; Athonet srl; EXPWAY
Table of Contents
1. Executive Summary
2. Long Term Evolution (LTE) And 5G Broadcast Market Report Structure
3. Long Term Evolution (LTE) And 5G Broadcast Market Trends And Strategies
4. Long Term Evolution (LTE) And 5G Broadcast Market – Macro Economic Scenario
5. Global Long Term Evolution (LTE) And 5G Broadcast Market Size and Growth
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32. Global Long Term Evolution (LTE) And 5G Broadcast Market Competitive Benchmarking
33. Global Long Term Evolution (LTE) And 5G Broadcast Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Long Term Evolution (LTE) And 5G Broadcast Market
35. Long Term Evolution (LTE) And 5G Broadcast Market Future Outlook and Potential Analysis
36. Appendix
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