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NEW YORK, June 6, 2019 / PRNewswire / – The LTE and 5G broadcasting market is expected to experience an average annual growth of 11.7% from 2019 to 2024
The global LTE and 5G broadcast market is expected to reach USD 807 million from here 2024 from $ 464 million in 2019 with a CAGR of 11.7% between 2019 and 2024. The LTE broadcast technology is based on 3GPP's Advanced Multimedia Multicast Delivery (eMBMS) service, the worldwide standard for video broadcasting over mobile networks. This technology makes it possible to simultaneously send the same content to a large number of users, which allows a more efficient use of the network resources. Similarly, the 5G Broadcast technology is enhanced via the 3GPP group with versions 14 and 15 as an enhanced multicast multimedia multicast service (FeMBMS). Like LTE broadcast, 5G technology can further enhance the mobile experience and offer users unlimited multimedia consumption.
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5G broadcast will increase to the highest CAGR during the forecast period
The 5G broadcast offers consumers unlimited media consumption and enhances the mobile experience. The idea of 5G broadband has been enhanced via the 3GPP group with versions 14 and 15 as an enhanced Multimedia Multicast Broadcasting Service (FeMBMS). This standard provides a full range of High High High Tower (HPHT) applications in downstream mode only. The 5G broadcast creates an opportunity for TV broadcasters and content providers to extend their reach to customers with technology that allows them to address mobile devices directly. With increasing consumer demand for premium content such as live sports events, the 5G broadcast market is expected to grow at a very fast pace.
It is estimated that the end-user video-on-demand sector holds the largest size in the LTE and 5G broadcast market.
LTE and 5G broadcasts are used for many use cases such as digital signage, emergency alerts, displays in stadiums, broadcast content on automobile screens and so on. . events in a stadium.
The growing number of mobile subscribers is leading popular content such as news headlines and sports championships. In addition, the increasing end-use of video-on-demand is impacting the capacity required to deliver popular content and thus opens up new business opportunities for operators.
With the use of the broadcast service, users automatically switch from standard unicast broadcast to LTE-optimized broadcast or 5G broadcast, thus enabling efficient spectrum utilization. All of these factors lead to the largest market share of end-use video on demand.
The LTE and 5G broadcasting market in the APAC region is expected to grow at its highest CAGR during the forecast period.
Asia Pacific (APAC) is one of the main drivers of the global rise in LTE subscriptions. It accounts for two-thirds of all LTE subscriptions worldwide.
According to APAC operators, the manufacturing sector offers the highest revenue potential for 5G. In APAC, China is a major contributor to LTE subscriptions.
In addition, in the 5G network, it is among the fastest growing countries in APAC. China has already started testing 5G in a hundred cities.
In terms of LTE or 5G broadcast, South Korea is among the fastest growing countries. Also in terms of telecommunications services, India has emerged as a technically strong and rapidly growing economy. Indian telecommunications giant Reliance Jio Infocomm (Jio) has built one of the world's largest mobile networks India. Jio was primarily interested in customer-centric pricing, which led him to acquire the largest share of LTE users in India. Jio had an immediate impact on the Indian LTE market.
The distribution of the profiles of the main participants is as follows:
• By type of company: Level 1 – 55%, Level 2 – 25% and Level 3 – 20%
• By designation: directors – 50%, directors – 25%, vice-president – 20% and others – 5%
• By region: North America – 40% Europe – 35%, APAC – 15% and tenure – 10%
KT (South Korea), Verizon Wireless (US), China Unicom (China), Telstra (Australia), Reliance (Jio) (India), Qualcomm (United States), Samsung Electronics (South Korea) Huawei (China), Cisco (United States), ZTE (China), Ericsson (Sweden) Nokia (Finland), NEC (Japan), Enynsys Technologies (la France), Expway (la France), Athonet (Italy), AT & T (United States), Telstra (Australia), Intel (US), KDDI (Japan), SK Telecom (South Korea), T-Mobile (US) and Netgear (US) are among the leading players in the LTE and 5G broadcast market.
Cover of research:
This report badyzes the additional revenue potential of telecom service providers related to the introduction of LTE and 5G broadcast services based on the number of additional subscribers. .
The report discusses the main factors, constraints, challenges and opportunities related to the LTE and 5G broadcast market and also includes an badysis of the value chain of this sector. The study also includes in-depth competitive badysis of key market players, as well as company profiles, key product and product offerings observations, recent developments and key market strategies.
Key Benefits of Buying the Report
The report would help market leaders / entrants in this market by providing them with information on the closest approximations of revenue figures for the global LTE and 5G broadcast market and sub-segments. better position their businesses and plan appropriate marketing strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, constraints, challenges and opportunities.
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