FREMONT, CA: Technavio releases ‘Global 3Gand 4G Devices Market 2016-2020’ report covering the growth prospects of the global 3G/4G devices market. The research predicts the market to grow steadily at a CAGR of about 4% by 2020.
The increasing availability of high-speed 3G/4G internet services is enabling faster web browsing, faster streaming of videos, and better performance of GPS. Increasing adoption of bring-your-own-device (BYOD) and bring-your-own-access (BYOA) policies is also bringing the change in the 3G and 4G market. The new market research report from Technavio presents a breakdown and analysis of the 3G and 4G segments based on products.
America to dominate the 3G and 4G market; Segmentation by geography
The Americas dominate the market by accounting for more than 38% of the overall market share. The increasing penetration of smartphones, tablets, and mobile hotspots is expected to contribute to growth in the 3G/4G market in the Americas by 2020.
Growth in Number of Internet Users
Internet consumption has increased seven-fold from 6.5% to 43% of the global population between 2000 and 2015. The number of households with internet access increased from 18% in 2005 to 46% in 2015. This is due to the growing need for the internet for social networking and educational purposes.
Impact on 2G networks
To increase the bandwidth allocation of 3G and 4G mobile networks, many countries are shutting down their 2G mobile network services. Telstra in Australia, SingTel and Star Hub and AT&T in USA will cease their 2G services by the end of 2016.
The key vendors in the market are Amazon, Apple, ASUSTek Computer, Huawei Technologies, Lenovo, LG, Netgear, Novatel Wireless, Samsung, and ZTE.