Global LTE and 5G broadcast market size to grow at decent rate through 2028
SKYLINE MARKET RESEARCH LLP
8 min read
SKYLINE MARKET RESEARCH LLP
The goal of the research study on ‘Global LTE and 5G Broadcast Market’ is to provide a thorough analysis of the industry dynamics from 2022 to 2028.
Pune, India, July 26, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global LTE and 5G broadcast market is anticipated to register a healthy CAGR over the stipulated timeframe to amass modest returns by the year 2028.
Additionally, the study discusses the revenue contribution as well as growth opportunities for various market segments including technology type and end-use spectrum. To clearly comprehend the prospects in different locations, the booklet also includes a thorough geographical bifurcation. A full-fledged analysis of well-known players is also provided, along with an overview of their service and product offerings to aid shareholders in making clear and profitable decisions.
The industry is primarily driven by rising smartphone penetration, demand for widespread device connectivity due to the development of IoT, combined with the growing preference for on-demand content, and seamless mobile data services.
For the uninitiated, long-term evolution (LTE), which is primarily based on the UMTS/HSPA and GSM/EDGE standards, is a wireless broadband communication technology for data terminals and mobile devices. The wireless standard known as 5G, or fifth generation, enables the networking and communication of devices such as connected cars, homes, and offices.
Growing number of smartphone subscriptions, rising demand for dependable & high-quality public safety communication systems, and focus on decreasing network capacity congestion are expected to bolster industry outlook in the coming years.
However, dearth of experienced labor, and compatibility issues between 5G broadcast and reception devices may hamper worldwide LTE and 5G broadcast market trends over the analysis timeframe.
Market segment overview:
Based on technology, the industry is bifurcated into 5G and LTE. In terms of end-use terrain, the market is branched into data feeds & notifications, stadiums, connected cars, mobile tv, radio, emergency alerts, last mile CDN, e-newspapers & e-magazines, fixed LTE quadruple play, video on demand, and others.
For in-depth insights, the latest industry trends are studied across North America (U.S., Canada, Mexico, Brazil), Europe (U.K, France, Germany, Spain, Italy, Rest of Europe), Asia Pacific (China, South Korea, India, Australia, Japan) Latin America (Brazil and Mexico), and rest of the world.
Among these, North America industry holds a major revenue share at present, owing to rising R&D expenditures, advent of novel technologies, and expanding presence of major players in the region.
Whereas Asia Pacific market is slated to expand at a healthy CAGR over the analysis timeframe, on the back of strong economic expansion, upsurge in internet usage, and rising demand for in-car connectivity across the region.
Competitive dashboard:
On the competitive front, Rohde & Schwarz GmbH & Co. KG, ENENSYS Technologies S.A., NEC Corporation, Nokia Corporation, ZTE Corporation, Telefonaktiebolaget LM Ericsson, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., and Qualcomm Technologies, Inc. are the leading players in global LTE and 5G broadcast market.
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The 5G infrastructure market is foreseen to grow enormously through 2028 driven by exponential demand for greater bandwidth and speed capabilities. In addition, increasing government support to promote 5G deployment is primed to further fuel market growth over the forecast timeline. 5G networks provide higher speed bandwidth than existing LTE networks. During the COVID-19 outbreak, the industry witnessed a halt due to safety protocols and lockdowns. However, easing lockdown restrictions have boosted the adoption of wireless technologies, which has enhanced the focus on commercialization of the 5G infrastructure. With regards to region, the Latin America 5G infrastructure market is estimated to grow at more than 80% CAGR over the analysis timespan due to surging smartphone penetration in the LATAM region. Meanwhile, the Middle East & Africa 5G infrastructure market is likely to witness robust growth at a CAGR of about 85% through 2028 on account of mounting development of smart city infrastructure in the MEA region.
The private LTE market is expected to grow enormously by 2028 owing to surging demand for maintaining and supervising operations in remote areas for better coverage. In addition, low latency and an outreach of wireless trends and innovations are set to contribute to market growth through the forecast period. The coronavirus outbreak boosted the need for wireless communication and digital technology. Commercialization of 5G networks around the world has positively impacted the private LTE market during the pandemic. In the regional landscape, the LAMEA private LTE industry is anticipated to expand at a CAGR of around 20% through the forecast period. Notable smart city infrastructural advancements in the region are foreseen to bolster market development.
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