According to a new report from Park Associates, the global LTE subscriptions to hit 50 million marks in 2012, driven by great demand in Asia. The Asia & Pacific region poised to overtake the North America by year end in terms of 4G/LTE subscribers. The report claims that over 53% of all 4G/LTE subscribers are used at Asia & Pacific region by the end of the year, means pushing the total number of subscribers over 560 million globally by 2016.
Global 4G/LTE subscribership will increase from 9 million in 2011 to over 560 million in 2016 while in 2016, 4G/LTE subscribers will account for 8.8% of worldwide mobile subscriptions. More than 50% of U.S. broadband households have at least one smartphone. 61% of U.S. mobile phone users have some knowledge of the term “4G,” but only 20% understand the term “LTE.” As of June 2012, 83 carriers have launched LTE networks in 43 countries; 40 more carriers intend to deploy LTE by year end.
(Image Source: Park Associates)