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4G LTE, LTE-A Network Deployment Gain Strong Global Momentum
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Long-Term Evolution (LTE), the most sought after, next-generation (4G) super-fast wireless communications technology, is gaining rapid momentum worldwide. 4G wireless networks primarily aim to cope with the substantial rise in demand for high-speed wireless data services and mobile video.
According to a recent research report published by Ovum for industry association 5G Americas, the connections have surpassed 2 billion globally by the end of Feb 2017. As per the research report, LTE connections will continue to rise to 3 billion in 2018, 4 billion in 2020 and will reach 5 billion in 2022. At this rate, 4G LTE is set to outnumber 3G (all forms of 3G technologies) subscribers globally by 2020. In 2016, the LTE subscription grew by 74% year-over-year to 1.9 billion. By the end of 2021, global LTE market share will cross 53%.
The LTE network has the highest penetration rate of 83% in the North American region. Western Europe has a LTE penetration rate of 47% and Oceania, Eastern and South-eastern Asia have 46%. The North American region, which had nearly 298 million LTE connections at the end of 2016, is likely to achieve 100% LTE penetration in 2018. In the Latin American and Caribbean region, LTE market share was 17% at the end of 2016 and is projected to go up to 24% by 2017-end.
Wireless network standards are continuously evolving around the globe to offer faster speed. Following significant deployment of 4G LTE networks, LTE-A (Long-Term Evolution Advanced) wireless networks are gradually finding a solid foothold globally. LTE-A is a more powerful version of the legacy LTE network, offering increased speed and network capacity.
Carrier aggregation is the most important part of LTE-A technology as it allows wireless operators to create large spectrum assets by combining different frequency bands. LTE-A also incorporates several technological advancements like Coordinated Multi-Point, Self-Optimizing Networks, Small cell enhancements, Enhanced Inter-Cell Interference Coordination and Advanced Multi-Input Multi-Output antenna.
Earlier research on 4G in the Americas had stated that the latest version of LTE-A network, which is popularly known as LTE-Advanced Pro (3GPP Release 13) will be a major step toward the smooth transition from 4G to the upcoming 5G network standard. In the U.S., all four national telecom operators, namely, Verizon Communications Inc. (VZ - Free Report) , AT&T Inc. (T - Free Report) , T-Mobile US Inc. (TMUS - Free Report) and Sprint Corp. (S - Free Report) have deployed LTE-A networks. All four stocks currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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4G LTE, LTE-A Network Deployment Gain Strong Global Momentum
Long-Term Evolution (LTE), the most sought after, next-generation (4G) super-fast wireless communications technology, is gaining rapid momentum worldwide. 4G wireless networks primarily aim to cope with the substantial rise in demand for high-speed wireless data services and mobile video.
According to a recent research report published by Ovum for industry association 5G Americas, the connections have surpassed 2 billion globally by the end of Feb 2017. As per the research report, LTE connections will continue to rise to 3 billion in 2018, 4 billion in 2020 and will reach 5 billion in 2022. At this rate, 4G LTE is set to outnumber 3G (all forms of 3G technologies) subscribers globally by 2020. In 2016, the LTE subscription grew by 74% year-over-year to 1.9 billion. By the end of 2021, global LTE market share will cross 53%.
The LTE network has the highest penetration rate of 83% in the North American region. Western Europe has a LTE penetration rate of 47% and Oceania, Eastern and South-eastern Asia have 46%. The North American region, which had nearly 298 million LTE connections at the end of 2016, is likely to achieve 100% LTE penetration in 2018. In the Latin American and Caribbean region, LTE market share was 17% at the end of 2016 and is projected to go up to 24% by 2017-end.
Wireless network standards are continuously evolving around the globe to offer faster speed. Following significant deployment of 4G LTE networks, LTE-A (Long-Term Evolution Advanced) wireless networks are gradually finding a solid foothold globally. LTE-A is a more powerful version of the legacy LTE network, offering increased speed and network capacity.
Carrier aggregation is the most important part of LTE-A technology as it allows wireless operators to create large spectrum assets by combining different frequency bands. LTE-A also incorporates several technological advancements like Coordinated Multi-Point, Self-Optimizing Networks, Small cell enhancements, Enhanced Inter-Cell Interference Coordination and Advanced Multi-Input Multi-Output antenna.
Earlier research on 4G in the Americas had stated that the latest version of LTE-A network, which is popularly known as LTE-Advanced Pro (3GPP Release 13) will be a major step toward the smooth transition from 4G to the upcoming 5G network standard. In the U.S., all four national telecom operators, namely, Verizon Communications Inc. (VZ - Free Report) , AT&T Inc. (T - Free Report) , T-Mobile US Inc. (TMUS - Free Report) and Sprint Corp. (S - Free Report) have deployed LTE-A networks. All four stocks currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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