The LTE and 5G broadcast market is expected to be worth $642 million in 2021, and is expected to reach $1072 million in 2026 with a 10% CAGR. Increasing demand for higher data rates and greater spectral efficiency is a major factor driving the market growth. The market is further accelerated by implementing LTE in public sectors such as public safety, defense and security. These applications require high-speed communication in an emergency. So LTE is the best network to meet these needs. In addition, changing customer preferences and increasing demand for high-speed mobile broadband have created tremendous potential in the Asia Pacific market. Telecom operators have planned the largest number of LTE deployments in these developing countries.
A full report of LTE and 5G Broadcast Market available at https://www.orionmarketreports.com/lte-5g-broadcast-market/53204/
The major companies in the global LTE and 5G broadcast industry include, KT, Verizon Wireless, China Unicom, Telstra, Reliance (Jio), Qualcomm, Samsung Electronics, Huawei, Cisco, ZTE, and others.
LTE and 5G Broadcast Market Segmentations
By Technology
• LTE Broadcast
• 5G Broadcast
By End-Use
• Video on demand
• Mobile TV
• Connected Cars
• Emergency Alerts
• Stadiums
• E-Newspapers & E- Magazines
• Radio
• Data Feed & Notifications
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
