ProSe May Provide Mobile Operators Up To $17 Billion in Revenue By 2030 Proximity Services Market for LTE & 5G Networks Worth $17 Billion During 2017 to 2030A new study by ReportsnReports released today predicts that the proximity services (ProSe) market will grow significantly over the next 13 years, driven primarily by the public safety and critical comms sector transitioning from legacy LMR systems to LTE networksThe newly published report on ProSe (Proximity Services) Market for LTE & 5G Networks 2017 - 2030 says, in comparison to existing D2D and proximity networking technologies, ProSe offers several distinct benefits including but not limited to better scalability, manageability, privacy, security and battery-efficiency. At present, efforts to commercialize ProSe are being spearheaded by the public safety and critical communications sector, amid the ongoing transition from legacy LMR (Land Mobile Radio) systems to LTE networks. Although initial investments in ProSe-enabled devices will be driven by the public safety and critical communications sector, there also exists a much larger opportunity in the commercial arena. Mobile operators can leverage ProSe to offer a range of B2B, B2B2C and B2C services that rely on proximity, including advertising, social networking, gaming, relaying traffic for wearables and V2X (Vehicle-to-Everything) connectivity. By the end of 2025, ProSe (Proximity Services) Market for LTE & 5G Networks 2017 - 2030 research estimates that mobile operators can pocket as much $17 Billion in ProSe based annual service revenue. Up to 55% of this revenue figure will be attributable to proximity advertising. The ProSe (Proximity Services) for LTE & 5G Networks: 2017 - 2030 - Opportunities, Challenges, Strategies & Forecasts report covers the following topics are ProSe technology; Market drivers and barriers; Sidelink air interface and spectrum bands; ProSe discovery and direct communication services; ProSe coverage scenarios and modes of operation; ProSe reference architecture, key functional elements and interfaces; 3GPP standardization efforts for ProSe; Competing D2D and proximity networking technologies; Key applications, business models and monetization strategies; Case studies of pre-commercial ProSe engagements; Industry roadmap and value chain; Strategic recommendations for key ecosystem players including chipset suppliers, device OEMs, infrastructure vendors, public safety agencies and mobile operators; Market analysis and forecasts from 2018 till 2030. Source: ReportsnReports media announcement | |
