LTE subscriptions, having already surpassed 7 million, are set to grow at a CAGR of 150 percent over the next five years and will reach 600 subscriptions by the end of 2016. At the end of 2016, the Asia Pacific region will have 290 million LTE subscriptions. While the Asia Pacific region will attain the highest number of LTE subscriptions by 2016, the North America and Western Europe regions will retain market leadership in terms of service revenues, accounting for almost 60 percent of all LTE service revenues worldwide.
Driven by early adoption among the enterprise users, LTE ARPUs will peak in 2012, reaching $88 per month, and drop down by a Y-o-Y (year-over-year) decline of 16 percent over the next five years as the consumer market segment gains a higher market share.
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