LTE Advanced Pro Market to Witness Higher Growth for Wireless Cellular Network across Urban, Residential, and Rural Areas
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
(EMAILWIRE.COM, February 09, 2019 ) 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 increasing demand for cloud-based network architectures, such as NFV and network slicing for network capacity.
With the evolution of 3G technological architecture, long-term evolution (LTE) has provided significant advantages by offering enhanced data rates and better connectivity. The evolution of LTE into LTE Advanced and LTE Advanced Pro acts a parameter to enhance the network further to 5G.
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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% from 2018 to 2023. Key driving factors for this market include 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.
The LTE Advanced Pro market is highly competitive owing to the presence of a large number of global market players. Also, the LTE Advanced Pro market is undergoing many technological advancements. The companies have realized the importance of enhanced mobile coverage in a cost-effective manner. For example, in February 2018, Huawei announced the product launch of 3 Star 2.0 series inclusive of RuralStar 2.0, PoleStar 2.0, and TubeStar 2.0 solution. Each solution improves performance while streamlining site design, deployment, and operations & maintenance (O&M) to help operators and tower vendors effectively reduce their total cost of ownership (TCO).
By Type, the LTE Advanced Pro market for integrated small cell is expected to grow at the highest CAGR during the forecast period. Integrated small cells are multimode small cells supporting multiple standards, such as 3G and current and future LTE networks (4G, 4.5G, 4.75G, and 4.9G). Integrated small cells consist of software-defined, virtualized radio modules and offer increased agility, reduced cost, and opportunity to scale fast and explore multiple models of deployment.
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
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With the evolution of 3G technological architecture, long-term evolution (LTE) has provided significant advantages by offering enhanced data rates and better connectivity. The evolution of LTE into LTE Advanced and LTE Advanced Pro acts a parameter to enhance the network further to 5G.
Ask for PDF: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=157462215
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% from 2018 to 2023. Key driving factors for this market include 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.
The LTE Advanced Pro market is highly competitive owing to the presence of a large number of global market players. Also, the LTE Advanced Pro market is undergoing many technological advancements. The companies have realized the importance of enhanced mobile coverage in a cost-effective manner. For example, in February 2018, Huawei announced the product launch of 3 Star 2.0 series inclusive of RuralStar 2.0, PoleStar 2.0, and TubeStar 2.0 solution. Each solution improves performance while streamlining site design, deployment, and operations & maintenance (O&M) to help operators and tower vendors effectively reduce their total cost of ownership (TCO).
By Type, the LTE Advanced Pro market for integrated small cell is expected to grow at the highest CAGR during the forecast period. Integrated small cells are multimode small cells supporting multiple standards, such as 3G and current and future LTE networks (4G, 4.5G, 4.75G, and 4.9G). Integrated small cells consist of software-defined, virtualized radio modules and offer increased agility, reduced cost, and opportunity to scale fast and explore multiple models of deployment.
Request for Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=157462215
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/
Contact Information:
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Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
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ReportsnReports
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results