The rise in worldwide subscribers on 4G LTE has far exceeded expectations. In just three years since its nascent beginnings, the mobile technology has skyrocketed -- going from 600,000 users in 2010 to nearly 100 million subscribers in 2012.
Now, in a new report, market research firm IHS iSuppli is projecting that global users will double in 2013 and that by 2016 LTE will claim more than 1 billion subscribers.
"With LTE emerging as a true global technology standard, its ecosystem now faces both challenges and opportunities," iSuppli's senior analyst for wireless communications, Wayne Lam, said in a statement. "Rapid adoption will drive design innovations, particularly in smartphones, but issues like spectrum fragmentation will also remain an overhang for the LTE industry that requires attention. Overall, however, the LTE space will be less worried about rifts or divisions in technology, and more concerned with laying the foundation for sustained growth across the entire LTE landscape."
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