LTE Market (LTE-FDD, TD-LTE and LTE Advanced) is Expected to Reach USD 610.71 Billion Globally in 2019: Transparency Market Research

LTE Market (LTE-FDD, TD-LTE and LTELTE Market (LTE-FDD, TD-LTE and LTE Advanced) is Expected to Reach USD 610.71 Billion Globally in 2019: Transparency Market Research PR Newswire ALBANY, New York, January 16, 2014 According to a new market report published by Transparency Market Research "Global LTE (LTE-FDD, TD-LTE and LTE Advanced) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global LTE market is expected to reach a value of USD 610.71 billion by 2019, growing at a CAGR of 78.6% from 2013 to 2019. Increased need for higher data rates and greater spectral efficiency driven by increased data usage, rapid deployments of smart devices and need for high quality of services on move are some important reasons driving the growth of LTE market globally. This trend is further enhanced by increased adoption of public safety LTE and planned large-scale adoption of LTE by operators in Asia Pacific. North America was the largest market in terms of revenue generation in 2012 and accounted for 51.3% share of the total LTE market. Asia Pacific is expected grow at a CAGR of 88.7% during the forecast period and register a market size of USD 244.29 billion by 2019. Growth of LTE services in Asia Pacific is mainly spurred by rising LTE infrastructure in China and India. Browse the full report with TOC at http://www.transparencymarketresearch.com/lte-market.html Worldwide LTE infrastructure market is expected to grow at a CAGR of 61.