About LTE Advanced 5G
LTE advanced 5G network provides high speed for approx 1gbps with a latency of fewer than 30 milliseconds. The 5G technology is the fifth generation of cellular networking which can be commonly used in mobile technology, along with computers, tablets for the use of data. The LTE advanced 5G technology will be used in various industries like IT & telecommunication, government, healthcare, finance, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the LTE Advanced 5G market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for LTE Advanced 5G Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Qualcomm Technologies, Inc. (United States), Nokia Corporation (Finland), Ericsson (Sweden), CommScope Inc. (United States), Samsung Group (South Korea), Cisco Systems, Inc. (United States), NEC Corporation (Japan), Deutsche Telekom (Germany), ZTE Corporation (China) and Telit (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Artiza Networks, Inc. (Japan), Huawei Technologies Co., Ltd. (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global LTE Advanced 5G market by , Application (Residential and Commercial) and Region.
On the basis of geography, the market of LTE Advanced 5G has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Belgium, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Smartphones will boost the LTE Advanced 5G market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. IT & Telecommuication will boost the LTE Advanced 5G market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Network, the sub-segment i.e. Radio Access Technologies (RAT) will boost the LTE Advanced 5G market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Smart Healthcare Network based on LTE Advanced 5G Connectivity
Market Growth Drivers:
Growing Digitalization and Network Technology Across the Globe and Demand for the Greater Network Speed with Less Than 30 Milliseconds of Latency
Challenges:
Regulatory Compliances with LTE Advanced 5G
Restraints:
High Initial Cost for LTE Advanced 5G Technology
Opportunities:
Rising Number of LTE Advanced 5G Projects Around the World for Various Industries Relying on Advanced-Data Connectivity
Market Leaders and their expansionary development strategies
In February 2020, Nokia announced the launch of new end-to-end slicing network functionality for 4G and 5G New Radio (NR) – the first vendor to offer this capability. The solution will support connectivity from 4G and 5G devices over the sliced network to applications running in private and public clouds and will be available this summer.
In October 2019, Ericsson and Turkcell signed an MoU to develop use cases that enable 5G usage in Turkcell’s network. According to the contract, both companies are focused on jointly developing a variety of 5G use cases for different industries and unlocking new LTE advanced and 5G opportunities that support the digital transformation of all sectors in Turkey.
Key Target Audience
LTE Advanced 5G Service Providers, LTE Advanced 5G Investors, LTE Advanced 5G Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.