The “Global 5G and LTE Broadcast Market (2021-2026) by Technology, End-Use, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global 5G & LTE Broadcast Market is estimated to be USD 692 Mn in 2021 and is expected to reach USD 1,094 Mn by 2026, growing at a CAGR of 9.6%.
The increased need for higher data rates is the primary factor driving the market growth. Growing demand for minimizing the network capacity congestion coupled with increasing video traffic and rising demand for seamless mobile data service is fueling the market growth. As these applications necessitate high-speed communication in an emergency, LTE is the best network to meet this need. However, the transition from traditional devices cost associated with the core network deployment and the shortage of 5G devices is expected to hinder the market growth.
Implementation of LTE in the healthcare and defense sectors and increasing LTE installations in developing countries is expected to create lucrative opportunities for the market.
- Increasing Demand for High-Speed Internet and Large Network Coverage
- Rising Cellular M2M/IoT Connections
- Growing Mobile Data Traffic
- Reluctance in Transitioning from Traditional Infrastructure
- Deployment Cost of 5G and LTE Network
- The Growing Need for Public Safety Communication System
- Rise in LTE Installations in the Developing Countries
- Demand for Low Latency
- Correct Bandwidth Allocation for LTE Broadcast
The Global 5G and LTE Broadcast Market is segmented further based on Technology, End-Use, and Geography.
By Technology, the market is classified into 5G Broadcast and LTE Broadcast.
By End-Use, the market is classified as Video On Demand, Fixed LTE Quadruple Play, E-Newspaper and E-Magazines, Last Mile Content Delivery Network, Emergency Alerts, Radio, Mobile TV, Connected Cars, Stadium, Data Feeds & Notifications and Others.
By Geography, America is projected to lead the market. Business Wire