The Global 4G Equipment Market is Expected to Triple by 2015-2024

According to foreign media reports, the US market research firm Persistence Market Research pointed out that by 2024, the global 4G mobile device market value will reach 926 billion US dollars, almost three times in 2015.

The market valued at $ 344.8 billion currently, and future growth is expected to be driven primarily by 4G device technology improvements, 4G penetration rate increases and operators to provide more attractive data package to promote.

Persistence points out that some areas of government plans to promote the deployment of 4G, mobile phone manufacturers and operators to actively carry out cooperation, these are important factors for the market has a positive impact.

According to Persistence data, the 4G device market in the Asia-Pacific and North American markets is expected to maintain high growth rates. It is expected that by 2024, the Asia-Pacific region will create growth opportunities of $ 315 billion, its market share will increase from 35.9% to 47.4%, becoming the world's largest 4G equipment market, the North American market ranked second.

Persistence points out: "Consumer is more and more inclined to the technical progress of the network solution. Device features such as low network latency, better battery life and screen resolution are attracting consumers to switch to 4G (LTE) devices, thereby driving global demand for 4G (LTE) devices. Network operators and equipment manufacturers to provide consumers with convenience, affordable and attractive data packages, Greatly encourages consumers to try to use 4G (LTE) equipment, which in turn improves the global 4G (LTE) equipment permeability.