LTE MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Emergence of new applications and services

The emergence of new applications and services fueled by technologies like artificial intelligence, augmented/virtual reality, and Internet of Things is another key factor expected to significantly drive the Long-Term Evolution (LTE) Market during the forecast period. From advanced Virtual reality (VR) and augmented reality (AR) applications with massive data requirements to mission-critical IoT platforms demanding ultra-low latency connectivity, the future applications landscape will put immense pressure on current network infrastructures. LTE with its advanced capabilities provides the robust framework required to power these new-age services. For instance, IoT networks integrated with LTE can deliver broader coverage, better performance, easier deployment, and lower costs. Similarly, technologies like Artificial intelligence and augmented reality demand high bandwidth and low latency which LTE excels in delivering. As a result, mobile operators are vigorously deploying LTE networks to capitalize on the market opportunities arising from the new digital ecosystems of tomorrow. The transformation of industries through connected IoT applications and experience-rich immersive technologies will sustain the high growth momentum of the Long-Term Evolution (LTE) Market.