Market Research Report
LTE Advanced Pro Market by Communication Infrastructure (Small Cell, Macro Cell, Ran Equipment, DAS), Core Network Technology (SDN, NFV), Deployment Location (Urban Areas, Public Spaces, Rural Areas, Residential) and Geography - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||731143|
|Published||Content info||185 Pages
Delivery time: 1-2 business days
|LTE Advanced Pro Market by Communication Infrastructure (Small Cell, Macro Cell, Ran Equipment, DAS), Core Network Technology (SDN, NFV), Deployment Location (Urban Areas, Public Spaces, Rural Areas, Residential) and Geography - Global Forecast to 2023|
|Published: October 17, 2018||Content info: 185 Pages||
"The LTE Advanced Pro market is expected to grow at a CAGR of 121.6% during the forecast period"
The LTE Advanced Pro market is expected to be worth USD 15.6 million in 2017 and is likely to reach USD 8,017.5 million by 2023, at a CAGR of 121.6% between 2018 and 2023. The growth of the LTE Advanced Pro market is attributed to LTE Advanced Pro delivering higher bitrates in a cost-efficient manner and reduced latency and optimized connectivity. However, a major factor restraining market growth is technical ambiguity in air interface waveform technologies.
Small cell is expected to hold the largest size of the LTE Advanced Pro market by 2023. Small cells are ideal for use at places where macro antennas cannot reach. Small cells offer new revenue streams to mobile network operators by providing insightful analytics about customers and reducing the total cost of ownership per bit of data carried across the network. The market for small cell is gaining traction due to its attractiveness in terms of economics and easy deployment.
The LTE Advanced Pro market for the NFV core network technology is expected to grow at the highest CAGR during the forecast period. The increasing adoption of SDN and NFV technologies by telecom service providers has boosted the overall network capacity potential by delivering flexibility in bandwidth. SDN transforms the network to a more open and programmable framework by implementing a decoupled centralized control layer, which in turn enables the implementation of NFV that optimizes network resources. This reduces network congestion, enhances network capacity (bandwidth requirement), and minimizes cost associated with hardware requirement for network expansion.
The urban area deployment held the largest size of the LTE Advanced Pro market in 2017. Need for enhanced network capacity and coverage is a major driver for the growth of the LTE Advanced Pro market in urban areas. Smart city initiatives and uninterrupted data connectivity services would lead to the increasing demand for the deployment of communication infrastructure such as small cells and DAS in urban areas.
This report segments the LTE Advanced Pro market on the basis of region into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The market in APAC is expected to hold the largest size of the LTE Advanced Pro market by 2023 owing to the urbanization of developing economies and governments and residents of these countries dynamically adopting new technologies. The region has become a global focal point for major investments and business expansion opportunities, and the major growth of wireless infrastructure can be attributed to the growing number of connected devices across the region.
The companies profiled in this report are: Huawei (China), Ericsson (Sweden), Nokia Networks (Finland), ZTE (China), Samsung Electronics (South Korea), NEC (Japan), Cisco Systems (US), Qualcomm (US), Intel (US), Ciena Corporation (US), Cavium, Inc. (US), and Qorvo, Inc. (US).
The report describes the LTE Advanced Pro market and related developments in the market in terms of communication infrastructure, core network technology, and deployment location across different regions. It aims at estimating the market size and future growth potential of this market across different segments such as communication infrastructure, core network technology, and deployment location, and geography. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key growth strategies.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.