According to data from a recent report 4G infrastructure is set to hit the sixteen million dollar mark over the next four years as a result of ongoing investments.
4G technology is one that is has already started to take off, despite the fact that it is not yet a widespread technology and there is limited access. According to industry officials it is a technology that faces a very bright future, with recent data showing that the market is set to rocket. The data was released by Infonetics Research, a market research firm that recently released its latest report.
According to the data the 4G infrastructure is set to hit sixteen billion dollars by 2015 as a result of ongoing and increased investment in WiMAX and LTE technologies. The firm said that 4G technology would have a far more significant impact in 2015 with the start of a new global procurement cycle.
Stéphane Téral, principal analyst, mobile infrastructure at Infonetics Research, said: “At the end of the day, 2G/3G remains the major mobile infrastructure event, dollar-wise. In 2010, the global 2G/3G/4G infrastructure market declined 10.7 percent to $42.4 billion, dragged down by 2G, but is expected to rebound by 9.7 percent this year, driven by large-scale 2G capacity upgrades, 2G network modernization, and 3G coverage optimization.”
Richard Webb, directing analyst for WiMAX, microwave, and mobile devices at Infonetics Research, said: “With the high volume of LTE news, people tend to overlook the fact that the WiMAX equipment market, which jumped 85% in 2010 to $1.7 billion, remains bigger than the LTE market, and continues to show healthy growth.”
Source – Ciol