4G Devices Market

4G Devices Market : Structure and Overview of Key Market Forces
Propelling Market
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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https://www.persistencemarketresearch.com/market-research/4g-lte-devices-market.asp
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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