A new research by Pyramid Research forecasts much higher growth for LTE adoption than previously forecasted.
The report concludes that "LTE subscriptions globally increased more than fourteen fold, to 11.4m, and Pyramid Research expects that figure to reach 54 million by year-end 2012, representing less than 1% of total subscriptions. By 2017, Pyramid expects the number of LTE subscriptions to reach 802.2 million, a 72% CAGR over 2012 levels, growing to almost 10 percent of global mobile subscriptions"
Previous reports were more modest - see "[Juniper Research]: 430M LTE Subscribers by 2016" - here.
"Although LTE subscription penetration in the Asia-Pacific region will remain lower than the global average, two countries in the region — Japan and South Korea — are leaders in LTE adoption, surpassed only by the US in current and expected new subscriptions in the next three years. By 2017 China and Indonesia will be important growth markets. Latin America will also continue to show lower LTE penetration than the global average. We expect almost 7% of mobile subscriptions in Brazil to be LTE by 2017, making the regional giant an important driver of global growth in LTE, despite lower than average adoption".
See "LTE Opportunities Revealed in New Research Series" - here.