4G is fourth generation mobile phone technology which is succeeding 3G. A 4G LTE (Long Term Evolution) is a wireless communication technology with high data speed for mobile broadband.
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Wireless technology has evolved and transformed our lives in several ways. The evolution started from 0G which is referred to pre-call mobile phone telephony.
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1G refers to first generation wireless technology, which was used to make voice calls. 2G (Second generation) appeared around 1980s which provided some additional features such as SMS and digitized voice signal than the previous generations.
In addition to the previous technologies, some more wireless technologies were evolved such as 2.5 (GPRS feature) and its successor as 3G (voice and data with good speed and quality.)
In the current business scenario, there is a battle of 4G equipment in the market. The major benefits of this technology as compared to other generation technologies are faster data transfer and improved network coverage.
Customers all over the world are using bandwidth intensive services such as online games and video chats, which is increases the demand of data over voice signals. Therefore, 4G technology has better prospects as compared to previous generation technologies.
Due the benefits of the 4G technology over the previous generation technologies, there is a need to study the global market to understand the future scope of this upcoming technology. The major driving factor for this equipment market is the growing network traffic.
All the TSPs (telecom service providers) are taking advantage of this factor and are coming up with better plans to maintain their position in the market. The limiting factors for this market are the compatibility issues with the handsets, their high costs and security concerns.
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