TD-LTE Ecosystem Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Albany, NY -- (SBWIRE) -- 10/24/2017 -- MarketResearchReports.biz has recently added a new market study to its repository, titled," TD-LTE Ecosystem Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025." The global market for TTD-LTE is majorly driven by increasing penetration of smartphones and the growing use of other internet enabled mobile devices such as e-readers and tablets. This has led to a rise in the demand for on the go rich content. The popularity of social media is creating mobile data traffic which generates a heightened demand for wireless operators. However, operators state that the average experience of users is not compromised in high traffic areas.
The report not only discusses the various factors boosting the growth of the global TTD-LTE ecosystem market, but also the various market challenges which hamper the growth of this industry. One of the key factors hindering growth is the high complexity. Backward compatibility is also a major challenge which is obstructing the growth of this market. Operators need to get a network update and choose an appropriate technology such as HSPA or HSPA+, or LTE. The upgrading within the 3G family requires no network architectural modifications. However, transforming to LTE needs core network expansion and also new radio access technology. This process could be costly and be a significant challenge for the TTD-LTE market.
According to the report, the global TTD-LTE ecosystem market will witness a whopping CAGR of 24.4% from 2017 to 2025. The market was worth US$40.80 bn in 2016 and is projected to reach an evaluation of US$264.00 bn by 2025. Some of the TD-LTE network deployments in the recent past include Bharti Airtel in India, Sprint in The U.S., and SoftBank in Japan. The spectrum availability and decreased deployment cost are two reasons for these deployments. Some of the leading players within the global TD-LTE ecosystem market include: Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., Nokia, Telefonaktiebolaget L. M. Ericsson, ZTE Corporation, AT&T, Inc., Qualcomm Inc., Broadcom Corporation, MediaTek, Inc., and Spreadtrum Communications Inc.
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On the basis of equipment, the market is segmented into small cells ad macro spells, of which the former is witnessing higher demand. By device type, the market is segmented into smartphones, tablets, notebooks, computers, and routers, of these notebooks serve highest revenue to the market. On the basis of application, the market is segmented into healthcare, banking institutes, retail, and personal uses.
On the basis of geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, North America is leading in the TD-LTE ecosystem market. the growing efficient wireless infrastructures and increasing technological advancements in the developed nations of Canada and the U.S. is one of the key factors pushing the market's growth in North America. Increasing new LTE based services and rise in the sales of smartphones and wearable devices has made the U.S. generate maximum revenue among all other countries in the world. Asia Pacific on the other hand is estimated to exhibit fastest growth in the coming years on account of the high population in India and China which is demanding increasing investments in mobile network infrastructure. Europe holds the second position and is gaining traction from existing wireless infrastructure across Italy, France, and the U.K.
One of the key opportunities within the global TD-LTE ecosystem market is advancements in wireless infrastructure. The various standardization bodies are developing higher data rates and higher frequencies that have shorter transmission rates. This in turn will push the growth prospects for the global TD-LTE ecosystem market.
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