10.01.2019 23:09:00
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The carrier aggregation solutions market is forescasted to grow at a CAGR of more than 21% during the forecast period
NEW YORK, Jan. 10, 2019 /PRNewswire/ -- About this market
Mobile data traffic is experiencing an exponential growth, which is mainly driven by data- capable devices and high bandwidth applications. Due to many factors bandwidth demand will begin to exceed supply from macro networks. This will result in poor service quality for customers. A loss in service quality is a challenge for the company, as it is likely to lead to a higher churn rate, resulting in an increase in customer retention costs. To overcome this challenge, carrier aggregation solutions are being deployed in base stations or cell towers, thereby driving the market. The carrier aggregation solutions market to grow at a CAGR of more than 21% during the forecast period.
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Market Overview
Increasing investments towards LTE advanced infrastructure
The increasing number of investments in LTE- A across the globe. Therefore, the increasing investments across all verticals, which include LTE- A equipment's, infrastructure and deployment technique, the need for carrier aggregation solutions will increase, to support will increase to support high data rates.
Interoperability issues
The lack of an ecosystem will also affect its operation, as software upgrades are expensive. Also, differences in interoperability will compel vendors to re-design there equipment which will further lead to a delay in the deployment of carrier aggregation. This in turn will hinder the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the carrier aggregation solutions market during the 2019-2023, view our report.
Competitive Landscape
The carrier aggregation solutions market is highly concentrated due to few vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.'
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