According to the latest report by IMARC Group, titled “LTE and 5G Broadcast Market by Technology (LTE Broadcast, 5G Broadcast), End User (Video-On-Demand, Mobile TV, Connected Cars, Emergency Alerts, Stadiums, E-Newspapers and E-Magazines, Radio Data Feed and Notifications, and Others), and Region 2023-2028,” the global LTE and 5G broadcast market size reached US$ 706.37 Million in 2022. Long-term evolution (LTE) and fifth generation (5G) are advanced wireless communication technologies that provide high-speed data transmission and improved network performance as compared to previous generations. While LTE and 5G are primarily designed for mobile broadband services, they can also be utilized for broadcasting content to a wide audience, known as LTE and 5G broadcast. LTE broadcast, also known as evolved multimedia broadcast multicast service (eMBMS), enables the efficient delivery of multimedia content, such as live video streams, software updates, and emergency alerts, to several users simultaneously over LTE networks. It uses a one-to-many broadcast model, where the content is transmitted once and received by multiple devices without requiring individual connections. This reduces network congestion and enables efficient distribution of popular or time-sensitive content. 5G broadcast, also referred to as 5G Multicast, is an evolution of LTE broadcast, specifically designed for the 5G network. It leverages the capabilities of 5G, including higher data rates, ultra-low latency, and massive connectivity, to deliver broadcast content with even greater efficiency and quality. 5G broadcast offers enhanced scalability, improved spectrum efficiency, and better support for various media formats, making it ideal for applications, such as live sports, concerts, breaking news, and multimedia content delivery.
Global LTE and 5G Broadcast Market Trends:
The rise in mobile data consumption represents one of the key factors driving the growth of the market across the globe. This is primarily attributed to the widespread adoption of smartphones, tablets, and other connected devices, which is boosting the growth of the market. Moreover, the increasing use of data-intensive applications, such as video streaming, online gaming, and social media is driving the market growth. The market is also driven by the rising popularity of streaming services, live sports events, and video on demand. LTE and 5G networks offer higher bandwidth and lower latency, enabling better video streaming experiences, which, in turn, is driving the growth of the market. In line with this, the increasing number of IoT devices and applications, along with the rising need for reliable and low-latency connectivity in IoT devices for various applications, including smart homes, smart cities, industrial automation, and healthcare, is contributing to the growth of the market. In addition to this, the increasing demand for faster and more reliable mobile broadband and the rising awareness regarding higher data rates, improved network capacity, and reduced latency as compared to previous generations offered by LTE and 5G networks is influencing the growth of the market. Apart from this, the advent of Industry 4.0, the widespread adoption of automation in various sectors like manufacturing, logistics, and transportation, increasing investment in the deployment of LTE and 5G networks, providing incentives, and promoting policies to accelerate the adoption of advanced technologies, and evolution of smart cities, are some of the other factors creating a positive outlook for the market across the globe. Looking forward, the market value is projected to reach US$ 1,310.4 Million by 2028, expanding at a CAGR of 10.35 % during 2023-2028.
- Based on technology, the market has been classified into LTE broadcast and 5G broadcast. Currently, LTE broadcast holds the largest market share worldwide.
- On the basis of end-user, the market has been segmented into video-on-demand, mobile tv, connected cars, emergency alerts, stadiums, e-newspapers and e-magazines, radio data feed and notifications, and others. Currently, video-on-demand is dominating the market across the globe.
- On a geographical front, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Presently, North America is dominating the market across the world.
- The competitive landscape of the market has also been examined with some of the key players being AT&T Inc., Athonet srl, Cisco Systems Inc., Enensys Technologies SA, Huawei Technologies Co. Ltd., KT Corporation, NEC Corporation, Nokia Corporation, Reliance Jio Infocomm Limited, Spinner Group, Telstra Corporation, etc.
|Base Year of the Analysis
||LTE Broadcast, 5G Broadcast
|End Users Covered
||Video-On-Demand, Mobile TV, Connected Cars, Emergency Alerts, Stadiums, E-Newspapers and E-Magazines, Radio Data Feed and Notifications, Others
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||AT&T Inc., Athonet srl, Cisco Systems Inc., Enensys Technologies SA, Huawei Technologies Co. Ltd., KT Corporation, NEC Corporation, Nokia Corporation, Reliance Jio Infocomm Limited, Spinner Group, Telstra Corporation, etc.
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