PORTLAND, Oregon, /PRNewswire/ - April 22 2014
According to a new report by Allied Market Research titled " LTE Market (TDD, FDD, LTE Advance) - Global Opportunity Analysis and Forecast - 2012-2020", the LTE market is to soar as high as $997 billion by 2020, experiencing a CAGR of 58.2% during 2013-2020. Asia Pacific is forecast to surpass other geographical markets by 2020 with approximately 40% of the global LTE market. Current revenue (2013) from LTE market in Asia Pacific accounts to $2.8 billion and is expected to reach a value of $390 billion by 2020. Furthermore, this would be the fastest growing market throughout the globe, experiencing a CAGR of 71.5%.during 2013-2020.