Published Date : Dec 15, 2015
Long term evolution, better known as 4G LTE, has emerged as the most preferred wireless communication standard for high-speed data. With healthy development of industrial networks, e-commerce, and internet banking, 4G LTE market is bound to boom. In fact, countries such as China are focussing on research and development of 5G LTE technology as well. The global 4G LTE market has a huge opportunity to grow in Asia Pacific with growing demand from China, India, South Korea, and Japan. Recently, the Chinese Ministry of Industry and Information Technology (MIIT) has planned to take 4G LTE coverage across all rural and urban areas in the country by 2018.
Rural e-commerce has emerged as one of the most promising business segments in China. E-commerce giants such as Alibaba and JD.com are focussing on expanding their business across rural regions. This has compelled the ministry to upgrade rural e-commerce infrastructure. The MIIT data reveals that around 50,000 villages in China have no access to the internet. Under its three-year plan called Internet Plus, the ministry aims to install fibre optics in more than 80% of the villages. The government has also set the target of a broadband-based and secure next-generation information infrastructure with the help of major telecom companies in the country such as China Unicom, China Telecom, and China Mobile.
In India, though the government has not set any target for 4G LTE, private telecom companies such as Bharti Airtel, Vodafone, Idea Cellular, and Reliance Jio Infocomm are investing heavily in 4G LTE technology to cash in on rapidly increasing LTE user base. Also, the Indian government is working to connect around 250,000 panchayats across the country with optic fibres by 2017.