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LTE and 5G Broadcast Market Worth USD 1,058 Million by 2027
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LTE and 5G Broadcast Market worth $1,072 million by 2026
iCrowd Newswire
According to the new market research report
LTE and 5G Broadcast Market with Covid-19 Impact Analysis Technology (LTE and 5G), End Use (Video on Demand, Emergency Alerts, Radio, Mobile TV, Connected Cars, Stadiums, Data Feeds & Notifications), and Region – Global Forecast to 2026 , published by MarketsandMarkets™, the global LTE and 5G Broadcast market is expected to reach USD 1,072 million by 2026 from USD 642 million in 2021, at a CAGR of 10.8% during 2021-2026 period.
The rapid growth of the global LTE and 5G broadcast market is attributed to the some of the driving factors such as increasing LTE and 5G mobile subscribers with surging penetration of smartphones, growing popularity of on-demand content and seamless mobile data services and growing need for massive connectivity of devices due to evolution of IoT.
tusharMay 5, 2021
LTE and 5G Broadcast Market Outlook-2026
4G LTE is the latest technology in the mobile broadband market. LTE can provide a data speed of up to 30 Mbps and LTE Advance can even provide a speed of 100 Mbps. Use of internet in mobile devices such as tablets, phablets, smartphones, and mobile data cards has fueled the adoption of mobile broadband service across the globe. The development of new mobile applications that provide video streaming, video calls, and many other real-time functioning features, has increased the need for high-speed mobile broadband internet.
Increased need for higher data-rates and greater spectral efficiency are the primary factors driving the market growth. Implementation of LTE in the public sectors such as public safety as well as in defence and security further drives the market. These applications require high-speed communication during emergency; therefore, LTE is the best-suited network to feed this need. Furthermore, changing custom
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