The global LTE market is expected to grow from $2.28 billion in 2010 to $262.05 billion in 2015. This represents a compound annual growth rate (CAGR) of 158.2% from 2010 to 2015. The primary factors that drive the market are enhanced spectrum efficiency and reduced long term infrastructure cost. However, factors such as rising data traffic and emergence of new applications and devices are expected to further accelerate the LTE market. Players in this market can gain competitive advantages by adopting a network sharing strategy and moving onto hybrid networks.

LTE infrastructure market is further classified into E-UTRAN, eNodeB, EPC, and others market. E-UTRAN will continue to dominate the market, due to the deployment of femtocells, while the EPC market will continue to grow; but at a comparatively lesser pace. An LTE end-user device segment is further sub-segmented into smartphones, USB modems, card modules, netbooks, and other devices. LTE services are further segmented into consulting, maintenance, integration, and other services.

Due to the current need for greater speeds of mobile broadband and rising applications, operators are in constant search for high speed network technologies. Users are keen to experience the desktop and television experience on their mobile devices along with real-time video conferencing, social networking, YouTube, and other high-bandwidth applications. This rising demand for more speed with enhanced user experience has created a stress on carrier networks to come up further with enhanced mobile networks which has given rise to LTE.

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