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Global network applications market: 20% CAGR between 2012-2016

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Global Network Applications Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-04 05:31:01
The Global Network Applications market is 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. However, threat of unauthorized access could pose a challenge to the growth of this market.

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 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.

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 transactions.

Key vendors dominating this space include Alcatel-Lucent, Ericsson Inc., Nokia Siemens Networks, and Oracle Corp. Other vendors mentioned in the report are Adtran Inc., Fujitsu Ltd., Huawei Technologies Co. Ltd., NEC Corp., and Tellabs Inc.

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