- The key vendors in the global 3G 4G enabled mobile devices market 2015-2019 are Apple, Huawei, Lenovo, LG Electronics, Samsung Electronics and Xiaomi.
London, 06 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global 3G 4G enabled mobile devices market 2015-2019. Growing adoption of IoT (Internet of things) is one of the key trends upcoming in this market. The IoT extends connectivity beyond laptops, smartphones, and tablets to a diverse range of other devices. Mobile devices have moved on from EDGE to 3G and LTE, and the future is for devices that will support 5G technology. The global 3G- and 4G-enabled mobile devices is estimated to grow at a CAGR of 7.91% during 2014-2019.
APAC dominates the global 3G- and 4G-enabled mobile devices market, accounting for around 37% of the total market share. Internet penetration, urbanization, and the number of mobile broadband subscriptions are some of the influencing factors that are likely to fuel the adoption of smartphones.
“A 5G network will have enhanced spectral and signaling efficiency, and low latency compared to 4G LTE and 3G network solutions,” says Faisal Ghaus, Vice President of Technavio Research.
“North America, Japan, and South Korea are likely to be the first adopters of 5G because of the increased penetration of LTE, which is close to 85% in these regions.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global 3G 4G Enabled Mobile Devices Market 2015-2019, please send an e-mail to media@TechNavio.com
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