The Mobile Radio Access Network (RAN) LTE equipment market is forecast to grow at a compound annual growth rate (CAGR) of over 50% by 2016, according to a new report from Dell’Oro Group.
LTE RAN Vendors like Ericsson, Nokia Siemens, Huawei, and Alcatel-Lucent are likely benefit out of the growth in the market, report revealed.
According to the report the growth in mobile broadband will offset declining investments in CDMA/GSM/WiMAX.
Between 2011 and 2016, the total Mobile RAN market, macro and public access small cells, is anticipated to grow at a CAGR of 2%.
The public access small cell market is anticipated to generate significant revenues in the outer years of the forecast period and account for 9% of all RAN revenues in 2016.
In December 2010, Juniper Research revealed that the global LTE service revenues will exceed $200bn by 2015, with first beneficiaries of LTE mobile broadband networks being business users based in developed countries, led by the US and Japan amongst other countries.
