LTE Picks up Speed
The sky is the limit for LTE
Three letters: L, T, and E, accounted for over $12 billion in network equipment spending in 2014. That number is sure to grow as the technology is leveraged in more regions and operators continue to build out their networks in anticipation of the 5G future. IDC predicts more than $20 billion will be spent on LTE network equipment in 2016, for instance. These figures don’t include all of systems support software or managed service contracts, which account for many more billions in spend.
There really is no limit to the growth of LTE because it was designed with the future in mind, and it delivers tangible value to both service providers and consumers. While 2014 was a blockbuster year for LTE, 2015 will likely be even bigger as technologies like LTE-Advanced, LTE-Broadcast, VoLTE, and soon, 5G become commercialized and more pervasive.
