Insights Into The 4G Services Market’s Growth Opportunities Through 2023-2032 – Includes 4G Services Market Share
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Increasing demand for high-speed internet connectivity are expected to drive innovation in 4G services manufacturing, thus driving the market during the forecast period.
The global 4G services market is expected to grow from $625 billion in 2022 to $585 billion in 2023 at a compound annual growth rate (CAGR) of -6.4%. The 4G services market size is expected to grow to $481.51 billion in 2027 at a CAGR of -4.8%.
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Global 4G Services Market Segments Include:
- By Technology: LTE-FDD (Frequency Division Duplex), LTE-TDD (Time Division Duplex), LTE- advance, WiMax, and HSPA+
- By Connection Plan: Pre-paid, Post-paid, and Broadband
- By End User: Retail, Corporate, Government or Public Sector, Other End Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global 4G services market in 2021.
Major Market Players in the 4G services market include Verizon Wireless, AT&T, Huawei Technologies Co. Ltd., and S.K. Telecom, Alcatel-Lucent, BhartiAirtel Ltd.
The machine-to-machine (M2M) and IoT infrastructure are a key trend in the 4G services market. Alternate telecommunications networks are set up primarily to support M2M / IoT, providing low-cost wireless M2M with faster data rates and low-cost equipment for low bandwidth data transmission. Initiatives introduced by Weightless (U.S.) SIG and SigFox (Fr.) and others offer M2M / IoT solutions that integrate coverage, battery life, cost module, and operational simplicity, and claim to significantly boost established cellular networks. The technologies that exploit existing networks make the most sense, according to Sierra Wireless, and they see 4G / LTE as the technology of choice for M2M deployments. Sierra Wireless indicates that cellular connectivity will play a key role in the Internet of Things (IoT), and has been working with other hardware vendors and network carriers on the recently unveiled LTE-M (LTE for M2M) that offers low power consumption, easy deployment and interoperability, good security and mobility, low overall cost, and excellent coverage.
The 4G Services Global Market Report 2023 provides a 4G services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The 4G services market forecast analyzes 4G services market size, 4G services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
4G services are the fourth generation of mobile networking technology that provides services at a much faster speed than 3G services with optimum efficiency and are used in laptops, smartphones, routers, and wireless modems for communication.
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