LTE forecast report from Ovum

LTE forecast from Ovum
LTE connections are forecast to surpass 3 billion by the middle of 2018, achieve 4 billion in 2019 and pass 5 billion in 2021 from 2.8 billion in 2017, according to the latest statistics report from 5G Americas.

The report said LTE market share reached more than 35 percent in 2017.

“Oceania, Eastern and Southeastern Asia plays a significant role, accounting for 41 percent of all LTE subscribers by 2022, compared to 32 percent of all cellular subscribers worldwide,” said Kristin Paulin, senior analyst at Ovum.

LTE forecast

# LTE growth 42 percent annually
# 833 million new LTE subscriptions from Q4 2016
# LTE connections including M2M forecast to reach 5.6 billion in 2022
# LTE market share forecast to reach 60 percent in 2022

LTE share vs other mobile technologies
# 74% in North America
# 56% in Oceania, Eastern and South Eastern Asia
# 44% in Western Europe
# 29% in Latin America and the Caribbean

Chris Pearson, president of 5G Americas, said: “LTE will continue to grow until 2022, when we will begin to see some substantial uptake in 5G connections.”

LTE penetration rate

97% and 353 mn connections in U.S and Canada
64% in Oceania, Eastern and South Eastern Asia
60% in Western Europe
35% in Middle East

In addition to having a significantly higher penetration rate, the U.S. and Canada also have the highest market share for LTE in comparison to all mobile wireless technologies with 74 percent.