Technavio predicts 22% growth in Public Safety LTE market despite COVID-19 crisis - Europe shows slowest growth
Technavio announced that it launched a report stating that the public safety long-term evolution (LTE) devices market and it is poised to grow by USD 3149.45 million during 2020-2024, progressing at a CAGR of over 22%, during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The global public safety long-term evolution devices market report provides forecast and analysis at global and regional level as well as for key countries during the period 2020-2024. The report includes detailed geographical analysis including all major regions viz. North America, South America, Europe, Asia Pacific (APAC), and Middle East and Africa (MEA). Analysis indicates that South America has the highest share. Based on the analysis of various regions and their contribution to the global market, Technavio estimates that the Asian and Americas markets absorb 85% of the total revenue and that US, UK, China, South Korea (Republic of Korea) and France will have the highest revenue share globally. These countries are expected to remain the largest markets for public safety long-term evolution devices the given period. In addition, Technavio found that the market is segmented based on geography as well as product. In its report, Technavio focused on sub-segments such as handheld devices, routers and eNB and modules.
A detailed analysis of around 25 vendors is covered for public safety long-term evolution devices market including; Motorola Solutions, Nokia, Samsung, L3Harris and Huawei amongst others, however the report is fails to report about the impact of smaller companies working in the same business environment.
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