In conjunction with the Expo Telecom event happening in Costa Rica this week, TechNavio a leading technology research and advisory company shared its market research insights for its various reports:
• Global LTE Base Station (eNodeB) Market
• LTE Market in US
• Global Public Safety LTE Market.
Speaking on this subject, TechNavio’s senior analyst and co-author of the Telecom & Networking reports commented,“Several drivers are aiding the growth of this market which includes rising number of mobile data, emergence of LTE-A base stations, increasing subscriber base and network expansions, high cost of fixed-line deployments, nationwide interoperability of LTE and demand for enhanced effectiveness of public safety operations.
He went on to add that “over the past couple of years, LTE technology has been receiving huge acceptance around the globe because of one-of-a-kind data applications in both commercial and private communications networks, and the same trend is expected to continue during the forecast period 2012-2016.”
The full versions of the reports within the Telecom & Networking series cover the main driving factors, challenges, and future trends of this market, also giving analysis on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
After closely tracking the LTE Market in US, TechNavio analysts have forecasted the market to grow to US$ 7.38 billion by 2016 growing at a 45 percent CAGR for the period 2012-2016.
With the increased adoption of LTE-enabled devices, the demand for LTE is increasing significantly. In turn, this has increased demand for higher bandwidth, which will drive the LTE market in the US in the coming years.
Globally, the market has some unique characteristics. Vendor competition is based on performance, innovation, product features, quality, low cost, selling price, distribution and financial stability. In addition, vendors' products are highly technology-centric. Therefore, to remain competitive in the market, vendors not only have to develop new technologies but also have to keep abreast of the emerging technologies that could have an impact on their product lines.
Some of the leading players in this market include players like Airvana, Alcatel-Lucent, Cisco Systems, Ericsson, Huawei Technologies, NEC, Nokia Solutions and Networks, Samsung Electronics, AT&T, Verizon Wireless, General Dynamics Broadband, Harris, Motorola Solutions, and Raytheon.
As international players are increasing their footprints, local vendors are finding it difficult in competing with them, especially on the quality features, price, and performance. The competitive business environment in this market will be intensifying with the increase in product extensions and technological innovations.
Please email media[.]technavio.com if you would like more information on the topics.
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
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Founded in 2003, TechNavio (technavio.com) has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.