Latest industry research report on LTE Market. LTE (Long-Term Evolution) is a standard for wireless data communication technology which aims to increase the capacity and speed of wireless data network. LTE can provide a data speed of up to 30 Mbps and LTE advance can even provide a speed of 100 Mbps. The LTE market is at a developing stage and is expected to grow at a dynamic rate till 2020. Asia-Pacific possesses the highest growth potential for the adoption of LTE technology.
The two primary factors that are prominently driving the market growth are the increasing need for high data rates and greater spectral efficiency.
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Implementation of LTE in public sectors along with defense and security is further driving the market exponentially. These applications require high-speed communication during emergency situations and therefore LTE is the best-suited network to fulfill such need. Furthermore, changing customer preferences and a rising demand for high-speed mobile broadband in the Asia-Pacific region indicate a great potential in the APAC market. However, fragmented and limited spectrum is the two factors that restrain the market growth.
The market is segmented on basis of technology, application and country.
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