Dublin, March 22, 2024 (GLOBE NEWSWIRE) -- The "Fixed LTE Market by Solution (LTE Infrastructure, and Others), User (Residential, Commercial), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global fixed LTE market size reached US$ 38.6 billion in 2023. The market is projected to reach US$ 204.4 billion by 2032, exhibiting a growth rate (CAGR) of 20.34% during 2023-2032.
The growing need for low-cost, high-speed internet and the increasing global data consumption are primarily driving the fixed LTE market growth. Besides this, the expanding applicability of the internet with the internet of things (IoT) platforms, the proliferation of LTE-enabled devices, and the escalating reliance on smartphones, tablets, and laptops for internet browsing, video streaming, online gaming, and other data-intensive applications are contributing to the market growth.
Moreover, extensive investments in fixed LTE infrastructure to provide high-speed internet connectivity to their customers through a surging number of public communication network operators and telecom vendors are creating a positive outlook for the market. In line with this, fixed LTE networks offer an attractive cost-benefit ratio and provide the necessary speed, capacity, and bandwidth to support the increasing number of users and last-mile applications, which, in turn, is strengthening the market growth.
In addition to this, the widespread deployment of fixed LTE in residential areas, especially in underdeveloped and rural areas where traditional broadband services are not available, is aiding in market expansion. Concurrent with this, shifting trends of remote working, the large-scale adoption of cloud-based services, and the increasing number of applications that require low latency are presenting remunerative growth opportunities for the market.
Furthermore, the emergence of innovative technologies, such as the fifth generation (5G), massive MIMO, network slicing and virtual reality (VR), and augmented reality (AR), is acting as another growth-inducing factor.
Key Market Segmentation
The report provides an analysis of the key trends in each segment of the global fixed LTE market, along with forecasts at the global, regional, and country levels from 2023-2032. The report has categorized the market based on solution, user, and region.
Solution Insights:
- LTE Infrastructure
- Others
- Indoor CPE
- Outdoor CPE
According to the report, LTE infrastructure represented the largest segment.
User Insights:
- Residential
- Commercial
According to the report, residential accounted for the largest market share.
Regional Insights:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
According to the report, Asia-Pacific was the largest market for fixed LTE. Some of the factors driving the Asia-Pacific fixed LTE market included the growing demand for connectivity, the proliferation of smartphones, and the increasing utilization of fixed LTE in residential areas.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global fixed LTE market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include:
- AT&T Inc.
- Cisco Systems Inc.
- Commscope Holding Company Inc.
- Huawei Technologies Co. Ltd.
- Netgear Inc.
- Sagemcom
- Samsung Group
- Telenet Systems Pvt. Ltd.
- Telrad Networks
- Vantiva
- Zyxel Communications Corp (Unizyx Holding Corporation)
Key Attributes
| Report Attribute | Details |
| No. of Pages | 141 |
| Forecast Period | 2023-2032 |
| Estimated Market Value (USD) in 2023 | $38.6 Billion |
| Forecasted Market Value (USD) by 2032 | $204.4 Billion |
| Compound Annual Growth Rate | 20.3% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/2otwph
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