With a solid growth in usage of mobile and other wireless gadgets, the mobile & wireless market has emerged as the fastest growing market. In our Mobile & Wireless Market Research reports we are focusing on emerging trends in this segment. Mobile & Wireless segment is expected to grow as leading companies are expecting good growth in the subscriptions. It is expected to grow further with a CAGR of 4% in the retail subscription between 2015 and 2021. This is likely to have a positive impact on the revenue as well. The revenue is likely to grow with a CAGR of 0.2% in the next five years.
Another interesting fact supporting mobile & wireless market share growth is that, the segment is likely to see 100 million new subscriber additions by 2021. Mobile broadband market is also advancing impressively. It is seeing good growth opportunities in the developing countries where the penetration of high speed internet is driving all the glory. India seems to be a good growth area with the telecom market growing at a CAGR of 30%. Adding further to our mobile & wireless market analysis, China is also a massive developing market with enormous opportunities. But a slow penetration in the rural areas and traditional slow usage of data are some near term headwinds for the market to grow.
The recent LTE roll out is one of the several contributors to solid growth in the segment. As the competition in the gadgets such as mobile, tablets etc is increasing day by day, the companies are now carrying out various innovations in the smart phones to support the new LTE platform. On the flip side, with the growing commercialization, Wi-Fi market is also gaining steam. This market is likely to grow up to $53 million in coming years. All these markets and facts are indicating a solid growth in the mobile & wireless market during the forecast period.