|[March 12, 2014]
Research and Markets: Global Network Applications Market 2012-2016: Rollout of High-Speed 3G and 4G Networks, Has Led to Growing Adoption of Mobile Transactions
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/rxp8vb/global_network)
has announced the addition of the "Global
Network Applications Market 2012-2016" report to their offering.
The analysts forecast the Global Network Applications market to grow at
a CAGR of 19.66 percent over the period 2012-2016. One of the key
factors contributing to this market growth is growing popularity of
mobile e-commerce transactions. The Global Network Applications market
has also been witnessing growing popularity of voice over LTE (News - Alert). However,
threat of unauthorized access could pose a challenge to the growth of
Key vendors dominating this space include Alcatel-Lucent, Ericsson Inc.,
Nokia Siemens Networks (News - Alert), and Oracle Corp.
Other vendors mentioned in the report are Adtran Inc., Fujitsu (News - Alert) Ltd.,
Huawei Technologies Co. Ltd., NEC Corp., and Tellabs Inc. ZTE Corp.,
Brocade Communications Systems Inc.
Commenting on the report, an analyst from TechNavio's Networking team
said:''The growing emphasis on data-only-tariffs is yet another trend
that is being witnessed in the market. People are increasingly using
social networking sites and e-mails rather than phone calls for
communication. Therefore, service providers are providing data plans
with high emphasis on data services to attract customers. For instance,
T-Mobile (News - Alert) has a tie-up with Wal-Mart to create a prepaid plan for just
US$30 per month, which offers 5 GB of data services and a minimal 100
voice-calling minutes. This trend would result in increased usage of
network applications in the future.''
According to the report, one of the major factors driving the growth of
the Global Network Applications market is the increasing popularity of
mobile transactions across the world. Nowadays, mobile transactions are
increasingly being used as a result of the high adoption of smartphones
across all the major geographies. Moreover, the rollout of high-speed 3G
and 4G networks, coupled with the improved network security offered by
service providers, has led to the growing adoption of mobile
For more information visit http://www.researchandmarkets.com/research/rxp8vb/global_network
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