The gloabl long term evolution market is poised for significant growth over the forecast period, which can be attributed to increased demand for faster mobile data speeds and enriched user experience. Long term evolution (LTE) offers higher performance with respect to fixed broadband (FBB) and has the additional advantage of mobility, which has a major impact on user satisfaction. The two primary LTE duplexing methods include Frequency Division Duplexing (FDD) and Time Division Duplexing (TDD).
Emergence of new applications & devices, growing data traffic, and enhanced spectrum efficiency are some of the factors expected to favorably impact the LTE market growth. Device compatibility issues and network complexity due to lack of sufficient infrastructure are expected to inhibit long term evolution (LTE) market growth. Need for uninterrupted audio and video streaming is expected to emerge as a crucial market driver. 4G technology-equipped devices enable subscribers to watch video contents flawlessly irrespective of their location. 4G technologies offer fixed mobile convergence, and policy based real time applications such as push-to-talk dispatch, VoIP, two-way telephony and messaging enhanced with video clips.
Services such as video sharing, e-education, push advertisement, video messaging, video downloading, e-health, push VoD, and live TV are offered by operators to leverage the benefits provided by 4G networks. Operators providing over-the-top (OTT) and Internet Protocol television (IPTV) video services on their fixed broadband network can leverage their existing IPTV platform for delivering high-quality video content to their LTE subscribers through broadcast as well as unicast services.
Prominent long term evolution market players are taking initiatives to focus solely on 4G while gradually phasing out 2G and 3G services. For instance, in December 2014, Verizon started the process of migrating entirely to a 4G network by reusing its 3G spectrum for the former. Key market players for long term evolution include Alcatel-Lucent, Metro PCS, KT Corporation, Ericsson, Huawei Technologies Co. Ltd., LG Uplus, Verizon Wireless, Nokia Solutions & Networks, and SK Telecom.
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In order to ensure business continuity amidst the COVID-19 crisis, business organizations, especially in highly affected countries are allowing their employees to work from home. The increase in people working from home has led to a surge in demand for online video viewing, downloading, and communication through video conferencing, all of which are leading to increased network traffic and data usage. COVID-19 shall accelerate the demand for agile and flexible work styles and further push the adoption of communication services that tend to improve work-life balance. On the flip side, telecom regulators worldwide have postponed their plans of 5G spectrum auction amidst the global pandemic. This is expected to have an impact on the commercialization of commercial 5G standalone deployments and revenue generated through 5G services. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. The report will account for Covid19 as a key market contributor.