Global LTE Market is expected to grow from $2.28 billion in 2010 to $262.05 billion in 2015
The global LTE market is expected to grow from $2.28 billion in 2010 to $262.05 billion in 2015. This represents a compound annual growth rate (CAGR) of 158.2% from 2010 to 2015. The primary factor that drives the market is enhanced spectrum efficiency and reduced long term infrastructure cost. However, factors such as rising data traffic and emergence of new applications and devices are expected to further accelerate the LTE market. Players in this market can gain competitive advantages by adopting a network sharing strategy and moving onto hybrid networks.
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