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Global Market Study on 4G (LTE) Devices: Single
Store Brand Distribution Channel Segment
Expected to Witness Significant Growth between
2016 and 2024
R e s e a r c h
Report Media Releases
Global 4G (LTE) Devices Market Value to Increase from
US$ 344.8 Bn in 2016 to US$ 926.1 Bn by 2024; Asia Pacific
Regional Market to Register a CAGR of 17.1% between
2016 and 2024
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
M a r k e t
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. Convenience, affordability, and attractive data
P e r s i s t e n c e
packages offered by network operators in collaboration with device manufacturers are factors
encouraging consumers to try 4G (LTE) devices. This, in turn, is increasing the penetration of 4G
(LTE) devices globally.
Browse Complete Report @ http://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. Traffic for
online high-quality video content is increasing, making consumers opt for advanced network
operating devices featuring high-speed data. Besides other factors, increasing data consumption
per person per day is anticipated to drive revenue growth of the global 4G (LTE) devices market.
Global Global 4G (LTE) Devices Market 2016-2024
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The global 4G (LTE) devices market is segmented on the basis of Device Type (Smartphones,
Tablets); Pricing (Low, Low-Mid, Mid-High, Premium); Distribution Channel (Multi-brand Store
[Organized, Independent], Single brand Store, Online); and Region (North America, Latin
America, Europe, Asia-Pacific, and Middle East & Africa). 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. The developing countries in this region showcase the huge potential for low-end 4G (LTE)
smartphones and tablets due to the advancements in network infrastructure.
M a r k e t
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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. Europe has a relatively small but significant market share in the global
4G (LTE) devices market, as mobile device manufacturers in this region are relatively less
prominent. The 4G (LTE) devices market in Asia Pacific is expected to gain substantial market
share owing to a high demand from consumers based in countries such as China, Indonesia,
P e r s i s t e n c e
and India. The 4G (LTE) devices market in Asia Pacific accounted for 35.9% market share in
2016 and is expected to gain 1,145 BPS to account for 47.4% market value share by 2024. The
4G (LTE) devices market in North America is expected to continue being the second largest
market over the forecast period as there is maximum mobile device penetration in that region.
Download Report Table of Content, Figures, and Tables @
http://www.persistencemarketresearch.com/market-research/4g-lte-devices-market/toc
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.
Global Global 4G (LTE) Devices Market 2016-2024
R e s e a r c h
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Global Global 4G (LTE) Devices Market 2016-2024