Global 4G Devices Market 2017-2021
About 4G Devices
4G devices are devices that can support 4G networks and provide greater data processing speed than the previous generation mobile telecommunication technologies such as 2G and 3G. 4G is seen as a remarkable evolution over 3G due to faster data transfer rate, high-frequency bands, and high download and upload rate. International Telecommunications Union-Radio (ITU-R) communications sector has set up standards for 4G, namely, International Mobile Telecommunications Advanced (IMT-Advanced). However, there are no networks available in the market that meet the specifications set by ITU-R. Therefore, technologies that are more advanced than 3G are sold by service providers as 4G.
Technavio’s analysts forecast the global 4G devices market to grow at a CAGR of 8.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global 4G devices market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 4G Devices Market 2017-2021
Technavio recognizes the following companies as the key players in the global 4G devices market: Apple, Huawei Technologies, Lenovo, LG, NETGEAR, Novatel Wireless, OPPO, Samsung, Sony, Vivo Communication Technology, Xiaomi, and ZTE.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Online distribution of devices. A very popular phenomenon that came up 2-4 years ago was that of exclusive online distribution of mobile computing devices such as smartphones. The reason for this is that the younger generation, which is the primary target group for smartphones, spends a considerable amount of time on the Internet through PCs, laptops, tablets, and smartphones. With the added convenience of doorstep delivery and getting in-depth details of the smartphones, people want to purchase products with exclusive offers available online such as cash back on purchases. This encourages the younger generation to purchase products through the online channels.”
According to the report, one of the major drivers for this market is Growing use of Internet. The Internet has seen massive growth since 2000. With the rising digital communication, social media, and e-commerce, the penetration of the Internet is expected to rise further. Despite the lowest Internet penetration rate in the region, APAC has the highest number of Internet users, which represents more than 50% of the entire Internet using population. With the rising number of Internet users across the world, there would be a higher deployment of 4G networks for accessing high-speed networks and faster data transfers. This will drive the demand for 4G devices.
Further, the report states that one of the major factors hindering the growth of this market is High tariff plans. Mobile broadband modem connections are more expensive than home digital subscriber line (DSL) connections or cable setups. For example, AT&T's wired broadband connection provides 250 GB data and costs around $30, whereas a hotspot connection is more expensive and costs around $149.99 for a monthly data of 5 GB. AT&T's wired broadband connection also provides additional 1 GB refills for $10.
Apple, Huawei Technologies, Lenovo, LG, NETGEAR, Novatel Wireless, OPPO, Samsung, Sony, Vivo Communication Technology, Xiaomi, and ZTE.