Albany, NY -- (SBWIRE) -- 09/02/2014 -- The global LTE market is expected to be worth $610.71 billion by 2019, with a CAGR of 78.6% from 2013 through 2019. These are the findings of a market report published by Transparency Market Research, a U.S.-based market intelligence firm. The report is titled “Global LTE Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”.

Browse the full Global LTE Market (LTE-FDD, TD-LTE and LTE Advanced) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019 report at http://www.transparencymarketresearch.com/lte-market.html

Long Term Evolution (LTE), mainly marketed as 4G LTE, is a wireless communication technology that reduces the cost per gigabyte with capacity per site. The need for this technology is driven by aspects such as increased data usage, growing needs for greater spectral efficiency and higher data rates, high deployments of smart technology devices, and the basic need for high quality of services. Such are the important reasons driving the growth of the LTE market across the globe. The market is also fuelled by increased adoption of large-scale adoption of LTE and public safety by operators, especially in Asia Pacific.

Although, the demand for broadband services and mobile data connections is boosting the growth of this market, but operators are facing critical challenges in the attempt to capture this technology and its value. However, the market shows substantial need for LTE technology and shifting business models for mobile data across the global customer base. Also, while conquering profitability problems in the pricing composition, there comes a need for steadfastness solutions to capacity constraints.

This study report provides in-depth analysis of the components of LTE environment, global market based on technology, different services and applications based on LTE networks and other major geographies during the forecast period, 2013 to 2019. Some of the major technologies included in this report are LTE FDD, TD-LTE and LTE Advanced. LTE-FDD (Long Term Evolution Frequency Division Duplex) held a market share of 56.8% in 2012. Subsequently, the market for LTE Advanced is expected to grow at a CAGR of 175.0% in the forecast due to the planned launch of LTE Advanced by key industry operators.

The market’s segmentation in terms of LTE components includes chipsets, LTE infrastructure, network service providers, terminal devices, and LTE testing equipment. In addition, the market analysis based on LTE network services and applications includes M2M and connected devices, browsing, games, mobile cloud services, m-commerce, music, public safety LTE, P2P messaging, VoLTE, and TV/video-on-demand. Growth in the Voice over LTE (VoLTE) market is propelled by increased demand for voice and messaging services over LTE operators and networks. VoLTE market is expected to rise with a CAGR of 123.5% during the forecast period. These growth factors are a realization that standalone data networks are insufficient to help meet customer expectations.

Considering the LTE infrastructure industry globally, the market is augmented to rise at a CAGR of 61.6% between 2013 and 2019. Some of the notable geographies analyzed by this study report include competitive landscapes like North America, Europe, Asia Pacific, and Rest of the World (RoW). These are the most prominent regional players in the global LTE market, since 2012.

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Of all, North America represented to be the largest market for LTE networks and services in 2012. It was valued at $5.36 billion in the same year. The growth in this region was mainly incited by the reducing prices of LTE in comparison to 3G network. According to the study, Asia Pacific is predicted to surpass North America’s LTE market by 2015. This is due to the increasing demand for high-speed wireless data and cost on infrastructure by operators, especially, in India, China, Japan, and South Korea. Asia-Pacific is predicted to rise at a CAGR of 88.7% between 2013 and 2019, and mark a size of $244.29 billion by 2019.

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