LTE Advanced Pro Market – Forecast (2021 - 2026)
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• Global LTE Advanced Pro Market is projected to reach $188.6 million by 2026, growing at a CAGR of 12.6% during forecast period 20212026. LTE Advanced Pro can be referred as the LTE core network technology which focuses on offering cost-effective high bit rate and peak data rates coupled with optimum performance levels. The growth in the market is majorly attributed to the rising shift towards IoT connectivity and the need for improved network performance such as reduced latency, high speed transmission with many others. Introduction of LTE Advanced Pro was done in order to cope up or address the challenges of unlicensed spectrum requirements, referred to as Licensed Assisted Access (LAA), resulting in growth of LTE Advanced Pro market size. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • Growing need towards improved network performance is analyzed to significantly drive the LTE Advanced Pro market during the forecast period 2021-2026. • Network Equipment is expected to have a major share during 2020 within the LTE Advanced Pro industry owing to research and development activities from some of the prominent market players. • APAC is analyzed to grow at highest CAGR during 2021-2026 attributed to the factors including rapid urbanization as well as increased penetration rate of smart phone users.
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By Distribution Channel- Segment Analysis On the basis of technology, the LTE Advanced Pro market has been segmented into Software Defined Networking (SDN) and Network Functions Virtualization (NFV). LTE Advanced Pro solutions deploying NFV core network technology is analyzed to hold highest market share and grow at a CAGR of 7.5% over the forecast period 2021-2026, due to its capability of optimizing network resources. Leveraging NFV technology can help the service providers to move network functions from dedicated appliances to generic servers with higher flexibility, thereby impacting the LTE Advanced Pro industry. Handling massive amounts of data eventually increases network capacity for the network operators, which can be addressed easily utilizing NFV. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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LTE Advanced Pro Market Industry Outlook • • • • • • • • • •
Intel Corporation Cisco Systems Inc. Sierra Wireless Samsung Electronics Qualcomm Qorvo Ericsson NEC Corporation Nokia Corporation ZTE Corporation
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LTE Advanced Pro Market – Forecast (2021 - 2026) Learn More About the Report
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