Global 4G Devices Market 2017-2021

Overview of the global 4G devices market

Technavio's market research analysis identifies the rise in usage of the Internet as one of the primary factors that will have a positive impact on the growth of the 4G devices market. It has been observed that there are more than 1.2 billion websites on the World Wide Web. Additionally, about 550 million tweets are sent from Twitter everyday and on an average more than 1.9 billion users are online on their Facebook accounts daily. With the rise in digital communication, increasing usage of social media channels, and the popularity of e-commerce, the penetration of the Internet will further increase in the coming years. This will fuel the need for 4G networks, which will in turn, drive the growth prospects of the 4G devices market. Our market research analysts predict that the global 4G devices market will grow steadily at a CAGR of almost 9% by 2021.

One of the major trends that will gain traction in the 4G devices market in the coming years is the rising popularity of IoT. The adoption of IoT helps in making home appliances more reactive to the external conditions. Additionally, IoT can also help in monitoring inventories and create self-analyzing devices that will enable people to take better decisions. Moreover, it also enables remote access of appliances and help in improving safety and security, time management, and reduce costs. With such benefits, the popularity of IoT will increase in the coming years, which will subsequently demand the need for better mobile networks and devices.

Competitive landscape and key vendors