Global Cellular Networks Market Synopsis
The global Cellular Networks Market 2020, according
to MRFR, is expected to surge at a substantial CAGR of 30% over the review
period.
In recent years, the global
cellular network subscription market has shown tremendous growth and is
expected to grow over a specified period due to the evolution of the mobile
industry. It is expected that smartphone, dongle, laptop, iPhone and iPad
popularity will drive growth over the forecast period. It depends on the
network coverage, data, fees payable for data access, and other additional
services offered by players in the cellular network subscription industry.
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Industry Highlights
Smartphone use has
augmented significantly in recent years and is projected to expand at much
higher levels in the future. The exponential growth in mobile phones is having
a significant effect on telecommunications networks. The growing use of
smartphone and IoT ( Internet of Things) has positively impacted the
development of the global market for cellular networks. Cellular network
infrastructure has undergone different improvements depending on the use of
traffic.
Increasing the use of
smartphone and app has simultaneously improved user usability. This reliance
may have a significant effect on the subscription market for cellular networks.
4G's launch is expected to fuel their development over the projected period.
One of the significant drivers is projected to be the price of mobile data and
its availability. 5 G services are also expected to show promising growth due
to the high economic and social value of their applications. Mobile devices are
expected to play an essential role in everyday life. Some of the identified 5 G
applications may, however, also be enabled through 4 G networks. Declining
prices are one of the constraints to operators' revenue growth.
Market Segmentation
The global cellular
networks market is analyzed on the basis of frequency, technology, and
application and by connection type.
By technology, the market
has been segmented into 2G and 3G, 4G, and 5G.
On the basis of frequency,
the segment is classified into UMTS, EDGE, and LTE.
On the basis of
application, it is further segmented into the type of devices such as mobile
phones, USB / power dongles, and modem/router.
Based on the connection
type, the market is bifurcated into pre-paid and postpaid.
Regional Outlook
Owing to market maturity of
cellular network subscription, Europe and North America are expected to show
sluggish growth over the specified period. While North America and Europe are
major players in the cellular network, the expectation is that they will show
slow growth in the coming years. Due to the rapidly increasing mobile
subscriber base and growing preference for 4 G services in countries like India
and China, Asia Pacific is expected to be the critical region over a specified
time period. Due to high rates of mobile connectivity and digitalization in
countries such as China and India, Asia Pacific is projected to be the critical
specific region in the coming years. The projected merger of Reliance
Communications with Sistema will provide spectrum access to deliver 4 G
services throughout Asia. To move towards automation, the industries will
employ remote monitoring, cloud connectivity, remote operation, and remote
maintenance. Digitalization is the crucial explanation of why mobile
connections are growing. Participants at the industry are making significant
investments to improve service capacity and base subscribers. Bharti Airtel
recently invested USD 3 billion in expanding its operations in India and
improving customer satisfaction.
Competitive Scenario
Market Research Future
recognizes some of the key players in the global market as Verizon
Communications (U.S), Singapore Telecommunications Ltd (Singapore), AT&T
Inc. (U.S), Alcatel Lucent (France), NTT Docomo (Japan), Bharti Airtel Ltd
(India), Reliance Communications Ltd (India), China Mobile Ltd (China).
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