Long Term Evolution Market Size, Share & Trends Analysis Report By Application, By Technology, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

The global 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).

The 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. The 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 content 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.