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Dublin, February 1, 2022 (GLOBE NEWSWIRE) — “Global 5G and LTE Broadcasting Market (2021-2026), By Technology, End-use and Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” report added to ResearchAndMarkets.com’s supply.
The global 5G and LTE broadcast market is expected to be worth $692 million in 2021 and is expected to reach $1.094 billion by 2026, growing at a CAGR of 9.6%.
Rising demand for higher data rates is a major factor driving market growth. Growing need to minimize congestion in network capacity coupled with increasing video traffic and growing demand for seamless mobile data services is driving market growth. Since these applications require high-speed communication in emergency situations, LTE is the best network to meet this need. However, the shift in traditional equipment costs associated with core network deployment and…
The full story is available on Benzinga.com
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