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Major Trends in LTE Advanced Pro Market

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The LTE Advanced Pro market is estimated to be valued at USD 150.0 million in 2018 and is expected to reach USD 8,017.5 million by 2023, at a CAGR of 121.6% between 2018 and 2023. – PowerPoint PPT presentation

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Title: Major Trends in LTE Advanced Pro Market


1
MarketsandMarkets Presents

Major Trends in LTE Advanced Pro Market LTE
Advanced Pro Market by Communication
Infrastructure (Small Cell, Macro Cell, Ran
Equipment, DAS), Core Network Technology (SDN,
NFV), Deployment Location (Urban Areas, Public
Spaces, Rural Areas, Residential) and Geography -
Global Forecast to 2023 https//www.marketsandmar
kets.com/Market-Reports/lte-advanced-pro-market-15
7462215.html
2
According to the latest market research
report "LTE Advanced Pro Market by Communication
Infrastructure (Small Cell, Macro Cell, Ran
Equipment, DAS), Core Network Technology (SDN,
NFV), Deployment Location (Urban Areas, Public
Spaces, Rural Areas, Residential) and Geography -
Global Forecast to 2023", published by
MarketsandMarkets, the LTE Advanced Pro market
is estimated to be valued at USD 150.0 million in
2018 and is expected to reach USD 8,017.5
million by 2023, at a CAGR of 121.6 between 2018
and 2023. The market has huge potential across
various deployment locations such as urban areas,
rural areas, residential areas, public spaces,
and retail stores. Key factors driving the LTE
Advanced Pro market are improved efficiency with
additional functionality growing demand for
improved network coverage, reduced latency, and
optimized connectivity and LTE Advanced Pro
delivering higher bitrates in a cost-efficient
manner. Browse 71 market data Tables and 48
Figures spread through 184 Pages and in-depth TOC
on "LTE Advanced Pro Market - Global Forecast to
2023"
3
LTE Advanced Pro market for RAN Equipment to
grow at the highest CAGR during the forecast
period  The LTE Advanced Pro market for RAN
Equipment is expected to grow at the highest CAGR
between 2018 and 2023. This growth can be
attributed to the introduction of and increased
demand for cloud-based network architectures,
such as NFV and network slicing for network
capacity. Using a distributed, software-enabled
network based on virtualization and new
architectural approaches such as NFV and network
slicing, operators and third-party service
providers will be able to deploy new applications
and services rapidly and in a scalable
manner. Ask PDF Brochure https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id157462215 NFV
to hold the largest share of the LTE Advanced Pro
market by 2023  NFV core network technology is
expected to hold the largest size of the LTE
Advanced Pro market by 2023. Considering the fast
LTE Advanced Pro gigabit speed network and
yet-to-commercialize next-generation 5G network,
millions of consumers and businesses are
anticipated to connect to the mainstream cellular
network. NFV promises to ease the load by
granting service providers the flexibility to
move network functions from dedicated appliances
to generic servers. Using standard IT
virtualization technology, NFV focuses to combine
many network equipment onto standard, high-volume
servers, switches, and storage thereby making
networks more agile and efficient.
4
LTE Advanced Pro market for retail stores to grow
at highest CAGR during forecast period  The LTE
Advanced Pro market for the retail stores
deployment is expected to grow at the highest
CAGR between 2018 and 2023. Retail stores face
huge increase in mobile data traffic and many
outlets also face the problem of blind spots,
which reduces the number of visiting customers.
The growth of the cellular connectivity market
for the retail application is propelled by the
increasing adoption of the cloud platform,
declining cost of IoT components, and need for
better technology to make the retail value chain
more efficient. North America leads the LTE
Advanced Pro market in terms of value  North
America held the largest share of the LTE
Advanced Pro market in 2017. The region is well
known for the high adoption of new advanced
technologies, including IoT, wearable devices,
and autonomous cars/connected cars. In North
America, the market for these technologies is
growing at a significantly high rate. Need for
reliable and fast connectivity required for these
technologies is addressed by LTE Advanced Pro
infrastructure, which is expected to provide
growth opportunities for the market in North
America.
5
The companies profiled in this report are Huawei
(China), Ericsson (Sweden), Nokia Networks
(Finland), ZTE (China), Samsung Electronics
(South Korea), NEC (Japan), Cisco Systems (US),
Qualcomm (US), Intel (US), Cavium, Inc. (US),
Qorvo, Inc. (US), CommScope (US), and Airspan
Networks (US) among others. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id157462215 Market
Dynamics Drivers LTE Advanced Pro delivers
higher bitrates in cost-efficient manner Improved
efficiency with additional functionality Reduced
latency and optimized connectivity to usher
growth avenues Growing demand for improved
network coverage Opportunities Dedicated
provision for IoT Backward compatibility for
assisting 5G technology 
6
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7
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