LTE and 5G Broadcast Market worth $1,072 million by 2026
iCrowd Newswire
According to the new market research report
LTE and 5G Broadcast Market with Covid-19 Impact Analysis Technology (LTE and 5G), End Use (Video on Demand, Emergency Alerts, Radio, Mobile TV, Connected Cars, Stadiums, Data Feeds & Notifications), and Region – Global Forecast to 2026 , published by MarketsandMarkets™, the global LTE and 5G Broadcast market is expected to reach USD 1,072 million by 2026 from USD 642 million in 2021, at a CAGR of 10.8% during 2021-2026 period.
The rapid growth of the global LTE and 5G broadcast market is attributed to the some of the driving factors such as increasing LTE and 5G mobile subscribers with surging penetration of smartphones, growing popularity of on-demand content and seamless mobile data services and growing need for massive connectivity of devices due to evolution of IoT.
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