What is LTE Advanced 5G Market?
LTE advanced 5G network provides high speed for approx 1gbps with a latency of fewer than 30 milliseconds. The 5G technology is the fifth generation of cellular networking which can be commonly used in mobile technology, along with computers, tablets for the use of data. The LTE advanced 5G technology will be used in various industries like IT & telecommunication, government, healthcare, finance, and others.
The market study is being classified, by Application (Residential and Commercial) and major geographies with country level break-up.
Qualcomm Technologies, Inc. (United States), Nokia Corporation (Finland), Ericsson (Sweden), CommScope Inc. (United States), Samsung Group (South Korea), Cisco Systems, Inc. (United States), NEC Corporation (Japan), Deutsche Telekom (Germany), ZTE Corporation (China), Telit (United Kingdom), Artiza Networks, Inc. (Japan) and Huawei Technologies Co., Ltd. (China) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global LTE Advanced 5G market by Type, Application and Region.
On the basis of geography, the market of LTE Advanced 5G has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Digitalization and Network Technology Across the Globe
- Demand for the Greater Network Speed with Less Than 30 Milliseconds of Latency
- Introduction of Smart Healthcare Network based on LTE Advanced 5G Connectivity
- High Initial Cost for LTE Advanced 5G Technology
- Rising Number of LTE Advanced 5G Projects Around the World for Various Industries Relying on Advanced-Data Connectivity
- Regulatory Compliances with LTE Advanced 5G
Market Leaders and some development strategies
On 25th February 2020, Nokia announced the launch of new end-to-end slicing network functionality for 4G and 5G New Radio (NR) – the first vendor to offer this capability. The solution will support connectivity from 4G and 5G devices over the sliced network to applications running in private and public clouds and will be available this summer.
On 25th October 2019, Ericsson and Turkcell signed an MoU to develop use cases that enable 5G usage in Turkcell’s network. According to the contract, both companies are focused on jointly developing a variety of 5G use cases for different industries and unlocking new LTE advanced and 5G opportunities that support the digital transformation of all sectors in Turkey.
Key Target AudienceLTE Advanced 5G Service Providers, LTE Advanced 5G Investors, LTE Advanced 5G Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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