Market Analysis
Market Research Future (MRFR) estimates the global private
LTE market size to reach USD 5,381.9 million at a CAGR of 14.7%
from 2020 to 2027 (forecast period).
Several Factors Contributing to Market Growth
A private LTE network is distinct from conventional networks that use
connectivity technologies such as Ethernet and Wi-Fi to provide safe and
dependable communications. Private LTE networks provide a connection for human
and machine interactions via a single, dependable network that communicates via
portable radios and provides new revenue streams for Internet of Things
(IoT)-enabled devices.
Mobile communication technology advancements, such as the spread of 4G
networks, have profoundly impacted businesses, corporations, and cities all
over the world. This has raised the need for private Long Term Evolution (LTE)
networks, which provide dedicated high network capacity and high speed 4G
mobile communications capabilities. These networks enable organizations to
improve operational efficiency and provide innovative network solutions, which
boosts the demand for the high quality of services (QoS) to end users.
A surge in demand for unique and defined network qualities, increasing
deployment of private LTE networks in public safety agencies, adoption of LTE
technology in smart cities applications, and the emergence of 5G in conjunction
with private LTE are some of the major factors driving the growth of private
LTE networks.
Market Segmentation
The global private LTE industry has been segmented based on technology,
services, spectrum band, application, and industry vertical.
Based on the technology, the worldwide private LTE market has been
divided into time division duplex (TDD) and frequency division duplex (FDD).
Depending on the spectrum band, the global private LTE market has been
segmented into Licensed Shared Access (LSA), Licensed-Assisted Access (LAA),
MulteFire, and Citizens Broadband Radio Service (CBRS).
By services, the global private LTE market has been categorized as
professional services and managed services. The professional services segment
has further been split into consulting services, support and maintenance
services, and integration and deployment services.
Based on application, the global private LTE market has been segmented
as real-time surveillance, operations visibility and optimization,
authentication and access control, worker safety monitoring, remote diagnostics
and predictive maintenance, logistics and supply chain management, and asset
management and uptime assurance.
On the basis of industry vertical, the worldwide private LTE market has
been divided into mining, oil & gas, healthcare, utilities and power,
industrial manufacturing, government, and defense.
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Regional
Analysis
North
America to Dominate the Global Market
North
America dominated the worldwide private LTE market in 2018 and is predicted to
continue to do so during the forecast period. Rising vendor advancements to
develop high-end LTE solutions, as well as expanding government initiatives to
provide CBRS spectrum for vendors to implement networking solutions for
government, commercial, and public safety organizations, are driving market
expansion.
Key
Players
According
to MRFR analysis, some of the major players in the global private LTE market
include SAMSUNG (South Korea), Nokia Corporation (Finland), LM Ericsson
(Sweden), Sierra Wireless (Canada), Huawei Technology Co. Ltd (China),
NetNumber Inc. (Netherlands), Verizon (US), Cisco Systems, Inc. (US), Qualcomm
Incorporated (US), ARRIS International Limited (US), Future Technologies, LLC
(US), Boingo Wireless, Inc (US), Casa Systems (US), and General Dynamics
Mission Systems, Inc (US).
Apart
from these, some other vendors that operate in the global private LTE market
include LEMKO Corporation (US), PDVWIRELESS (US), Quortus Limited (UK), Ambra
Solutions Inc. (Canada), Zinwave (US), Athonet SRL (Italy), Mavenir (US), and
Star Solutions (Canada).
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