4G Devices Market : Industry Outlook, Growth Prospects and Key Opportunities

Persistence Market Research delivers key insights on the global 4G (LTE) devices market in a new publication titled “Global Market Study on 4G (LTE) Devices: Single Brand Store Distribution Channel Segment Expected to Witness Significant Growth Between 2016 and 2024”

In terms of value, the global 4G (LTE) devices market is projected to register a healthy CAGR of 13.1% during the forecast period owing to various factors, regarding which Persistence Market Research offers vital insights in detail.

Consumers are increasingly becoming inclined towards technological advancements in networking solutions and are adopting devices that operate smoothly and with intelligent features. The features in devices such as low network latency rate, better battery backup, and screen resolution are attracting consumers to switch to 4G (LTE) devices thus fueling the demand for 4G (LTE) devices worldwide.

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Device manufacturers at international and domestic levels are playing an important role in the global 4G (LTE) devices market by innovating in different ways. For instance, manufacturers are collaborating with network providers to provide a better service and make it more affordable for their customers.

Government initiatives in some regions to encourage deployment of advanced network data consumption is impacting the global 4G (LTE) devices market positively.

Globally, the single brand store distribution channel segment is expected to witness significant growth over the forecast period as compared to the multi-brand store and online distribution channel segments, which are expected to witness relatively flat growth rates over the forecast period. In terms of value, the low price range segment in the Asia Pacific 4G (LTE) devices market accounted for 37.6% share in 2015.

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The report profiles some of the leading players operating in the global 4G (LTE) devices market such as Apple Inc., Samsung Electronics, ZTE Corporation, Huawei Technology Company Limited, Lenovo Group Limited, ASUSTeK Computer Inc., Xiaomi Inc., and LG Electronics Inc. Top market companies are focusing on increasing their offline presence by partnering with local retailers and are also making a swift strategic transition from 3G to 4G cellular data consumption.

This report covers trends driving each segment and offers analysis and insights into the potential of the global 4G (LTE) devices market in specific regions. The 4G (LTE) devices market in Asia Pacific and North America is expected to register high growth rates between 2016 and 2024. In terms of value, Asia Pacific is expected to create an incremental opportunity of US$ 315.0 Bn between 2016 and 2024.

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