[March 15, 2017] |
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Global Public Safety LTE Devices Market is Forecast to Grow at a CAGR of Over 21%: Technavio
Technavio
market research analysts forecast the global
public safety long-term evolution (LTE) device market to
grow at a CAGR of more than 21% during the forecast period, according to
their latest report.
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Technavio has published a new report on the global public safety LTE (News - Alert) devices market from 2017-2021. (Photo: Business Wire)
The market study covers the present scenario and growth prospects of the
global public
safety LTE device market for 2017-2021. The report also lists eNB,
handheld devices, and routers and modules as the three major
product segments, of which the handheld devices segment accounted for
close to 69% of the market share in 2016.
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Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Technavio ICT
analysts highlight the following three market drivers that are
contributing to the growth of the global public safety LTE device market:
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Declining ASP of public safety LTE devices
-
Evolution and adoption of LTE technology
-
Advances in LTE technology
Declining ASP of public safety LTE devices
Many countries intend to cut costs by allowing existing mobile operators
to offer LTE network devices and services for public safety users. This
approach helps in the development of a common LTE infrastructure for
enterprises, consumers, and public safety customers. The increased use
of LTE devices in public safety has decreased the ASP of these devices.
The implementation of network
infrastructure and spectrum sharing enables mobile network
operators to host both public safety services and regular mobile
services. The prioritization of public safety subscribers and services
is critical during emergencies.
Evolution and adoption of LTE technology
LTE is broadly recognized as the technology of choice for public safety.
It is currently the most efficient data supported mobile
technology. The networks that support LTE technology are
currently fewer in number than legacy networks, but it will become a
mainstream technology soon. The evolution and adoption of LTE technology
worldwide give leverage to the adoption of this technology in the public
safety domain.
The global shift toward LTE technology will drive the market during the
forecast period. The TETRA & Critical Communications Association and the
National Public Safety Telecommunications Council have signed a MoU for
their joint commitment to develop LTE-based technology standards for
public safety communications to be used in mission-critical operations.
"The public safety networks that are based on LTE technology is a
response to the pressing need for fast and reliable connectivity for
both voice and data with the necessary security prerequisites," says
Abhishek Sharma, a lead analyst at Technavio for M2M
and connected devices research.
Advances in LTE technology
LTE technology has become the mainstream standard for mobile
communication. The advances in existing technologies, such as LMR
systems, are escalating the demand for LTE services in the public
safety domain. These services include the transmission of high-speed
data, video, and voice. LMR device vendors are aiming to make their
patented solutions easily adaptable to an open standards environment.
This reduces the dependency of end-users on just one infrastructure
vendor.
"There are many public safety agencies that focus on improving the
security of their systems. This further boosts the demand for advanced
technologies such as LTE and VoLTE," says Abhishek.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
If you are interested in more information, please contact our media team
at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20170315005577/en/
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