Global 4G Services Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope
4G services are the fourth generation of mobile networking technology that provides services at a much faster speed than 3G services with optimum efficiency and are used in laptops, smartphones, routers, and wireless modems for communication.

Sizing and Forecast
The 4G services market size has declined steeply in recent years. It will decline from $585 billion in 2023 to $540 billion in 2024 at a compound annual growth rate (CAGR) of -7.7%.  The decline in the historic period can be attributed to high initial investment, energy consumption, environmental concerns, supply chain disruptions.

The 4G services market size is expected to see steep decline in the next few years. It will decline to $438.3 billion in 2028 at a compound annual growth rate (CAGR) of -5.1%.  The decline in the forecast period can be attributed to saturation of 4g coverage, stringent regulatory, shift in consumer preferences, vast competition. Major trends in the forecast period include enterprise solutions, 5G preparations, improved roaming services, content streaming optimization, security enhancements.

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Segmentation & Regional Insights
The 4g services market covered in this report is segmented –
1) By Technology: LTE-FDD (Frequency Division Duplex), LTE-TDD (Time Division Duplex), LTE- advance, WiMax, and HSPA+
2) By Connection Plan: Pre-paid, Post-paid, and Broadband
3) By End User: Retail, Corporate, Government or Public Sector, Other End Users

Asia-Pacific was the largest region in the 4G market in 2023. The regions covered in the 4g services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Increasing demand for high-speed internet connectivity is driving the 4G services market. The demand has been increasing significantly over the past few years due to an increase in the use of smart devices. An increase in social media usage, online content activities, voice search/voice commands, smart home devices, games, and e-commerce is driving the demand for high-speed internet connectivity. For instance, in August 2022, according to Eurostat, a Luxembourg-based statistical office of the European Union, in 2021, high-speed internet coverage increased to 70.2% of EU households, marking growth from 59.8% in 2020. The increase in online activity drives the need to have high-speed connectivity, thereby increasing the potential of the 4G services market.

Key Industry Players
Major companies operating in the 4g services market report are Apple Inc., Samsung Electronics Co. Ltd., Verizon Wireless, China Mobile Limited, AT&T Mobility LLC, Huawei Technologies Co. Ltd., Lenovo Group Ltd., China Telecom Corporation Limited, Vodafone Group plc, Cisco Systems Inc., China Unicom (Hong Kong) Limited, KDDI Corp., Orange S.A., Telefónica S.A., Telefonaktiebolaget LM Ericsson, KT Corporation, ZTE Corporation, Bharti Airtel Limited, Telstra Corporation Limited, S.K. Telecom Co. Ltd., Nokia Networks, Alcatel-Lucent SA, Motorola Mobility LLC, Telenor ASA, NTT DoCoMo Inc., T-Mobile International AG & Co. KG, MetroPCS Communications Inc., U.S. Cellular, Sprint Nextel Corporation

The 4g services market report table of contents includes:
1. Executive Summary

2. 4G Services Market Characteristics
3. 4G Services Market Trends And Strategies
4. 4G Services Market – Macro Economic Scenario
5. Global 4G Services Market Size and Growth

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32. Global 4G Services Market Competitive Benchmarking
33. Global 4G Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The 4G Services Market
35. 4G Services Market Future Outlook and Potential Analysis
36. Appendix

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