Published on : Apr 13, 2017
Albany, New York, April 13, 2017: The report provides a thorough overview, focusing on the key factors that are likely to encourage the development of the market in the near future. In addition, the key segmentation, current trends, technological developments, and the competitive landscape of the global LTE base station market have been addressed in the scope of the research study.
The growing demand for network capacity in order to access connected services is one of the key factors anticipated to encourage the growth of the global LTE base station market throughout the forecast period. In addition, the development of the complementary technologies such as NFV and SDN is expected to accelerate the growth of the overall market in the coming years. On the flip side, the high cost of deployment is anticipated to restrict the growth of the market in the next few years.
On the basis of end use, the market has been classified into rural and remote, enterprise, urban, and residential and SOHO. On the basis of revenue, in 2016, the residential and SOHO segment led the global LTE base station market and is likely to witness progressive growth in the next few years. However, this segment is expected to experience a slight downfall in the near future, owing to the implementation of several strict norms for telecom operators in some nations. Nonetheless, the rising number of qualified technicians to install small cell devices is predicted to encourage the growth of this segment in the coming few years.
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In 2016, Asia Pacific market for LTE base station led and is predicted to witness a steady growth in the next few years. The robust growth of this region can be attributed to the rising shipment of low-cost interest enabled devices, including tablets and smartphones. In addition, the increasing rate of urbanization, especially in populated nations such as China and India are facing the need for environmental and economic development. This has resulted in a significant rise in the number of government investments in several cities and central government programs, thus supplementing the growth of this region in the coming years.
The global LTE base station market is anticipated to grow at a healthy rate over the forecast period. The rising investments by leading players and government organization in network equipment providers, energy, telecom carriers, transportation, have resulted in high growth of the wireless communication technology. The key players operating in the market are emphasizing on the expansion of the product portfolio in order to enhance their market penetration across the globe. Some of the leading players mentioned in the research study are Vodafone, Anvaya Networks, Ericsson, AT&T, ATC IP, Powerwave Technologies, Qualcomm Technologies, CCI, Samsung, NEC Corporation, China Mobile, Nokia, TEKTELIC Communications, Cisco, Huawei technologies, ARGELA, Alpha Networks, Motorola Solutions, and Verizon.
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