Global LTE Market to be Worth $610.71 billion by 2019: Transparency Market Research

LTE Market

The global LTE market is expected to be worth $610.71 billion by 2019, with a CAGR of 78.6% from 2013 through 2019. These are the findings of a market report published by Transparency Market Research, a U.S.-based market intelligence firm. The report is titled “Global LTE Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”.

Long Term Evolution (LTE), mainly marketed as 4G LTE, is a wireless communication technology that reduces the cost per gigabyte with capacity per site. The need for this technology is driven by aspects such as increased data usage, growing needs for greater spectral efficiency and higher data rates, high deployments of smart technology devices, and the basic need for high quality of services. Such are the important reasons driving the growth of the LTE market across the globe. The market is also fuelled by increased adoption of large-scale adoption of LTE and public safety by operators, especially in Asia Pacific. 

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