The 4G/LTE and 5G broadcast market's value is set to increase by 73% by 2024
4G/LTE is already sufficiently powerful in terms of data-transfer speeds and volume to sustain entire TV-grade broadcasts. This technology is enabled by the evolved multimedia broadcast multicast service (eMBMS) standard devised by the 3rd Generation Partnership Project (3GPP). However, the same body has also developed its next generation, Further Enhanced Multimedia Broadcast Multicast Service (FeMBMS), which applies to 5G and what it may be able to bring to broadcasting.
ReseachandMarkets now estimates that this potential could cause the value of the current 4G/LTE broadcast market to grow from its current valuation of US$464 million to $807 million over the next 5 years. Then again, some attempts at 5G-broadcasting have produced results that could be called inconsistent at best. However, these examples are associated with the infancy of these new bands' use and uptake; future similar applications may see vast improvements in the future.
4G (and 5G) broadcast standards are useful in everyday services such as video on demand (VOD); mobile TV; digital radio; data-feeds, and even notifications. However, it can also be applied to e-publications, emergency broadcasts, and stadium video and feeds. ReseachandMarkets also projects that the transition to 5G will result in "limitless media consumption" in the future. However, ultimately, only time and the real-world success of the new standard will tell if these predictions prove accurate.