Baseband Processor Market (13.7% CAGR) Grow to 2020

RnRMarketResearch.com adds Global Baseband Processor Market 2016-2020 latest research report, the analysts forecast global baseband processor market to grow at a CAGR of 13.7% during the period 2016-2020.

September 13, 2016 /MarketersMedia/ —

The global baseband processor market analyst says development of next-generation wireless networks will be a key trend for market growth. As mobile communication devices are gaining traction, the network traffic is rapidly increasing. This is leading to an increase in the deployment of next-generation wireless networks such as 3G, 4G, and 5G. These technologies offer wireless connection similar to home broadband connections. This, in turn, increases the number of users accessing the internet from anywhere, at any time.

Complete report on baseband processor market spread across 61 pages, analyzing 5 major companies and providing 22 data exhibits are now available at http://www.rnrmarketresearch.com/global-baseband-processor-market-2016-2020-market-report.html

According to the baseband processor market report, at the end of 2013, Chinese government issued 4G licenses to three major telecom operators, namely China Mobile with frequency spectrum of 1880MHz-1900MHz, 2320MHz-2370MHz, and 2575MHz-2635MHz bands; China Telecom with frequency spectrum of 2370MHz-2390MHz and 2635MHz-2655MHz; and China Unicom with frequency spectrum of 2300MHz-2320MHz, marking the beginning of China's high-speed mobile network. The purpose of issuance of a 4G license by the Ministry of Industrial Information Technology (MIIT) is to increase consumer spending on information technology. Also, the launch of 4G is likely to drive the retail sales of smartphones.

The growth of baseband processor market is fueled by the rise in demand for LTE-based mobile devices. The faster speed of 3G and 4G networks is prompting many countries to opt for 3G/4G connectivity and allocate the bandwidth of 2G networks for the same. Shutting down of 2G services will force the 2G users to move to 3G or 4G services, boosting the sales of 3G or 4G capable mobile devices and subsequently of baseband processors. In 2015, the global baseband processor market was dominated by the APAC with a market share of more than 38%. The availability of low-cost smartphones from vendors such as Xiaomi and Micromax, especially in India and China, is one of the fundamental drivers for the growth of the baseband processor market in APAC during the forecast period.

The following companies are the key players in the global baseband processor market: Qualcomm, MediaTek, Intel, Broadcom, and Spreadtrum. Order a copy of Global Baseband Processor Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=688874

The average amount of traffic per smartphone increased from 648 MB per month in 2014 to 929 MB per month in 2015. The Middle East and Africa showed the highest growth rate with 117%, followed by APAC with 83%, Latin America with 73%, and Central and Eastern Europe with 71%. North America grew by 55%. Western Europe showed a growth rate of 52% in 2015. Based on the country, Indonesia, China, and India had the highest growth rates, accounting for 129%, 111%, and 89%, respectively, in 2015. Such high growth rate is expected to fuel the demand for baseband processors globally.

Global Baseband Processor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue generated from the baseband processors.

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