DUBLIN, Feb. 1, 2024 /PRNewswire/ — The “LTE and 5G Broadcast Market Report: Trends, Forecast and Competitive Analysis to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global LTE and 5G broadcast market is forecasted to witness an unprecedented growth, with a projected value of $1.8 billion by 2030 and a promising CAGR of 11.8% from 2024 to 2030. This burgeoning market is expected to redefine connectivity and content delivery across multiple industry verticals.
The LTE and 5G broadcast market landscape is competitive, with key players focusing on expanding manufacturing facilities, investing in R&D, and pursuing strategic partnerships. These initiatives are aimed at meeting the growing market demand, enhancing competitive standing, and innovating in product and technology development. Among the significant market players, noted organizations include Qualcomm Corporation, Cisco Systems, Nokia, Huawei Technologies, and others, which are making strides in meeting customer expectations and setting industry benchmarks.
Key Market Trends and Drivers
The escalation of the LTE and 5G broadcast market is primarily driven by the explosive growth in smartphone usage and the consequent rise in the number of LTE and 5G mobile subscribers. These technological advancements have led to a demand for high-quality mobile data services and a surge in the consumption of on-demand content. Furthermore, the integration of the Internet of Things (IoT) is fueling the need for robust device connectivity across various platforms.
Market Segmentation Insights
A comprehensive analysis within the report segments the LTE and 5G broadcast market by technology, end-use industry, and geographical region. The report provides detailed insights and forecast data from 2018 to 2030, emphasizing the potential of segments such as:
- Video on Demand (VoD)
- Mobile TV
- Connected Cars
- Emergency Alerts
- E-Newspapers and E-Magazines
- Data Feed & Notifications
Regional Market Dynamics
The report provides an extensive analysis of regional market dynamics, with North America maintaining its dominance due to technological advancements and significant IoT device penetration. The burgeoning need for high-speed data connectivity is a notable trend in the region.
The market study evaluates various growth opportunities by examining the potential of different technologies and end-user industries. The report delivers strategic insights into the market’s trajectory, addressing the challenges, risks, emerging trends, competitive threats, and changing customer demands.
Emerging Trends and Developments
Among the emerging trends, the shifting preference towards 5G broadcasting for real-time access to sports and entertainment events is particularly significant. These insights, coupled with an analysis of new market developments, underscore the actions of leading companies pioneering these advancements.
A selection of companies mentioned in this report includes
- Qualcomm Corporation
- Cisco Systems
- Huawei Technologies
- Enensys Technologies
- Telstra Corporation
For more information about this report visit https://www.researchandmarkets.com/r/9mm59f
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Originally published at https://www.prnewswire.com/news-releases/global-lte-and-5g-broadcast-market-poised-for-rapid-growth-set-to-reach-1-8-billion-by-2030–302051094.html
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