NEW YORK, Dec. 17, 2016 /PRNewswire/ — The cellular/mobile telephone services market comprises on establishments providing communications via wireless distribution networking. Such services providers acquire and operate under spectrum licenses that are geography specific. The market is further classified by service type into voice, SMS, and MMS.
The Americas was the x largest geographic region in the cellular/mobile telephone services market in 2016, accounting for $x billion or x% of the global market. Asia was the x largest geographic market, accounting for $x billion or x% of the global market. Europe was the x largest geographic market, accounting for $x billion or x% of the global market. The Middle East and Africa accounted for x% and $x billion, while Oceania accounted for x% of the global cellular/mobile telephone services market.
Fifth-Generation Mobile Networks
The biggest forthcoming change in the wireless telecommunication industry is the emergence of fifth-generation mobile networks (5G). 5G is expected to be much quicker than the present 4G. It will be some years before this technology becomes commercially available. The new generation mobile network is likely to provide the capacity needed to support the IoT(Internet Of Things) revolution. Low latency is another important feature expected from 5G.
Since 5G networks offer high-speed internet connectivity, companies have to fast-track deploying 5G technology to enhance customer satisfaction and increase their subscriber base.
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