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LTE and 5G Broadcast Market worth $1,072 million by 2026, at a CAGR of 10.8%

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LTE and 5G Broadcast Market worth $1,072 million by 2026, at a CAGR of 10.8%

May 04
23:45 2021
LTE and 5G Broadcast Market worth $1,072 million by 2026, at a CAGR of 10.8%

LTE and 5G Broadcast Market
[235 Pages] LTE and 5G Broadcast Market categrizes the Global market by Technology (LTE and 5G), End Use (Video on Demand, Emergency Alerts, Radio, Mobile TV, Connected Cars, Stadiums, Data Feeds & Notifications), and Region. COVID-19 Impact on LTE and 5G Broadcast Industry.

The 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” 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.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=234319791

The report profiles key players such as Qualcomm (US), Samsung Electronics (South Korea), Huawei (China), Cisco (US), Ericsson (Sweden), ZTE (China), Nokia (Finland), NEC (Japan), Enensys Technologies (France) and Rohde Y& Schwarz (Germany)

Browse 139 market data Tables and 63 Figures spread through 235 Pages and in-depth TOC on “LTE and 5G Broadcast Market with Covid-19 Impact Analysis Technology and Region – Global Forecast to 2026”

LTE and 5G Broadcast Market

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.

5G technology to hold largest market share during forecast period in the LTE and 5G broadcast market

5G technology to account for the largest market size for the two technologies in the LTE and 5G broadcast market. 5G broadcast creates an opportunity for TV broadcasters and content providers to widen their reach to customers, as the technology allows them to address mobile devices directly. With the increasing demand for premium content, e.g., live sports events, the market for 5G broadcast is expected to grow at a very high rate.

Use of LTE and 5G broadcast technology for connected cars is expected to witness the highest growth rate during the period 2021 and 2026

The market is coming up with new LTE broadcast services, including the trial by Japanese operator KDDI. The trial involved using eMBMS in two connected car applications – the first involved broadcasting a status alert from one car to the network and back through eMBMS to many other cars and users. The other application was to enable real-time mapping and navigation information. It is expected that potential applications for LTE broadcast and 5G broadcast will continue to grow with the technology leading to high market growth for connected cars.

APAC to hold largest share of LTE and 5G broadcast market during forecast period

The APAC holds the largest share in the global LTE and 5G broadcast market. The major factors driving market growth include the significant developments in the field of 5G technology by the countries like China, South Korea, Japan and Australia as well as the larger number mobile users with an increasing penetration of 5G. APAC is witnessing rapid migration toward next-generation devices and technologies. High inclination among consumers to adopt new technologies drives the market in this region. Moreover, the presence of telecom giants such as Huawei (China), KT (South Korea), Telstra (Australia), Reliance Jio (India), NTT Docomo (Japan), ZTE (China), and China Unicom (China) has led to the development of the telecommunication industry through constant innovations in new technologies and high R&D expenditure.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/lte-5g-broadcast-market-234319791.html


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