4G LTE Market is the latest standard for wireless communication provided by telecommunication providers. It has enhanced capacity and data speed for letting users browse the internet. The global 4G LTE market report by Market Research Future (MRFR) covers trends and opportunities for players during the forecast period (2017-2023), while considering the effects of the COVID-19 pandemic.
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. 4G LTE Market ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has 4G LTE Market to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The 4G LTE Market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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U.S. Cellular, Bharti Airtel Ltd., S.K. Telecom, LM Ericsson, Vodafone Group PLC, Verizon Wireless, AT&T, Alcatel-Lucent, MetroPCS, Sprint Nextel, and Huawei Technologies Co. Ltd. are key players of the global 4G LTE market.
By device type, the 4G LTE market is segmented into tablets, smartphones, laptops, wireless modem, routers, and others.
Based on technology, the market is categorized into LTE- advance, LTE-FDD (frequency division duplex), LTE-TDD (Time division duplex), WiMax, and HSPA+. The LTE-FDD is expected to capture a large share of the global 4G LTE market owing to the delivery of data at good speeds and constant technological innovation.
By connection plan, the market is bifurcated into pre-paid and post-paid.
Based on organization size, the market is categorized into small & medium enterprises and large enterprises.
North America is presumed to have significant growth in the 4G LTE market. The United States and Canada are leading countries in the region. The market growth is due to advanced spectrum efficiency which allows the repurposing of broadcast spectrum for broadband. Establishment of 4G network infrastructures and rise of the customer base can bode well for the market.
Asia Pacific is also anticipated to be the fastest growing region in the 4G LTE Market over the forecast period. South Korea, Indonesia, India, Japan, and China are the leading countries in the 4G LTE Market. This growth pattern is attributed to a rapid increase in demand for high-speed connectivity. Launch of 4G services and early adoption of new technology can bode well for the market.
Europe is expected to witness key region in the market owing to pre-requisite infrastructure and technical expertise in the telecom sector. The swift data speeds expected by consumers and establishment of network infrastructure for providing access to the internet at public places can bode well for the market. But high cost of investments for networking infrastructure in Germany can hamper regional market growth.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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