Fixed LTE Market to grow by USD 56.26 Bn by 2026, Increase In Public Communication Network Operators And Telecom Vendors to Boost Market Growth, according to Technavio.
Fixed LTE Market: Dynamics:
- Market Driver
One of the main factors influencing the growth of the fixed LTE market is the rise in public communication network operators and telecom vendors. The next wireless technology generation, or 5G, enables mobile broadband services. It contains components like the mobility management entity, a serving gateway, and a packet data network gateway that are absent from 2G, 3G, and 4G infrastructures. The market for public safety-based systems is smaller than the market for commercial cellular systems. However, because of the involvement of national governing bodies, public safety users contribute more to the market on a social and economic level, which will aid in market expansion over the course of the forecast period.
- Market Challenges
One of the main factors impeding the stable long-term evolution of the market growth is technical issues that make simple interactions more difficult. Existing 2G and 3G networks are upgraded to support LTE. RF engineering is complicated by the existence of different mobile technologies. The current spectrum is reorganized as part of the deployment of LTE. Intergroup relations and delivery priorities become significantly more complicated due to the involvement of various service providers who follow different delivery-related policies.