Market Insights
Cellular networks are ubiquitous with many service providers competing against each other for consumer attention. A tremendous increase in the adoption of smartphones has impacted the market significantly and has created a huge demand for cellular network services. Market Research Future has conducted an in-depth study of the global cellular network market which reveals several important findings regarding the growth of the market. MRFR's findings suggest market growth at a staggering CAGR of over 40% during the review period from 2017 to 2023. The highly promising growth expected for the market is likely to result in billions of generated market value by the end of 2023.
Mobile devices require cellular networks to connect to each other, and cellular network service providers offer two types of subscriptions, namely pre-pain and postpaid. The widespread adoption of mobile devices has significantly impacted the demand for cellular networks in a positive manner. Presently most mobile devices use 4G technology under the LTE band. However, promise of the upcoming 5G technology which is being developed and the impending launch of 5G services will drive growth for the market. Various cellular network service providers are actively involved in R&D regarding the development of services which are tailored to suit customer needs. Increasing demand for high-quality service has encouraged service providers to collaborate and has had a positive influence on market growth.
Market Segmentation
The global cellular network market has been examined by segments, which have been determined on the basis of technology, frequency, application, connection type, and region. Technology in cellular networks has been segmented into 2G & 3G, 4G, and 5G. 4G is presently the most used technology. However 5G technology is upcoming and is likely to grow at a rapid pace.
Frequency in cellular networks has been segmented into EDGE (Enhanced data rates for GSM revolution), UMTS (Universal Mobile Telecommunications System), and LTE (Long Term Evolution). LTE is a highly promising segment as it enables roaming and draws less battery power.
Applications of cellular networks are segmented into mobile, USB/power dongles, and modem/router.
Connection types of cellular networks are divided between pre-paid and post-paid.Regional Analysis
North America and Europe are the market-leading players in the global cellular network market. However, due to a saturation of the market in terms of services and the given fact that most consumers use cellular networks, these regional markets are expected to witness slow growth. The most promising regional market in the global cellular network market is the Asia Pacific market. Countries such as China and India witnessing increasing rates of mobile connectivity and the region is rapidly digitalizing. Increasing demand for high-quality cellular network services is expected to result in a boost of 4G services. Moreover, many market players in the region are actively involved in developing 5G technology. The region's prominence in the global semiconductor market is also significant. Widespread and growing adoption of smartphones in most emerging economies is expected to result in drastic growth of the cellular networks market.
Key Players
Leading cellular network providers have been profiled in MRFR's report. Prominent players include AT&T Inc., Reliance Communications Ltd, NTT Docomo, Singapore Telecommunications Ltd, China Mobile Ltd, Bharti Airtel Ltd, Alcatel Lucent, and Verizon Communications.
Latest Industry News
• SK Telecom, KT and LG Uplus in South Korea have officially launched 5G mobile network services. Mobile carriers are now working toward expanding 5G infrastructure across the country.
• Tech Mahindra in India has set up a new business unit to leverage and cater to the growing demand for video services in 5G mobile networks.
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Report details
| Companies Covered | 15 |
| Pages | 100 |
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