Global Private LTE Market by technology (frequency division duplex and time division duplex), by application (public safety, logistics & supply chain management, and asset management), by service (managed services, integration & deployment, consulting, and support & maintenance), by industry (energy & utilities, mining, manufacturing, transportation, defense, healthcare, and others), by Geography (North America, Europe, Asia Pacific, Middle East & Africa and South America) – is expected to reach US$ XX Bn by 2027, at a CAGR of XX%.
Key factors driving the market is the extensive deployment of public security wireless networks that enable first responders to share information for situational awareness. The public security agencies are embracing these networks to ensure a coordinated response, expand response time, and offer actionable data insights.
Enormous investments by the government agencies and global telecom operators in the LTE-A and 5G-ready networks that ensure enhanced connectivity, low latency in the industrial control systems, and mission-critical services will drive the private LTE market growth. Moreover, rising adoption of smartphones globally is also estimated to push market expansion in a positive direction during the forecast period. However, the challenge of spectrum fragmentation could restrain the private LTE market growth.
Public safety application segment is estimated to hold a major share of the private LTE market
Public safety application segment is estimated to hold a major share of the private LTE market. Public safety agencies are shifting to the private LTE networks to meet the demands for bandwidth-intensive applications. With the introduction of IoT technology in several industries and increasing number of connected devices, enterprises are facing challenges in data and network security. It is driving the private LTE market in public safety application.
Managed services segment to hold a larger market share during forecast period
Managed services segment to hold a larger market share during forecast period. Managed services in the private LTE market outsource a complete network or a part of it on a positive management basis to develop the network operations and decrease the organizational expenses. Network planning is one of the managed services private LTE dealers are providing to their customers. The managed services improve the operator’s ability to meet consumer expectations by growing network coverage and assuring high-performance.
North America private LTE market is projected to hold the largest market share over the forecast period
North America private LTE market is projected to hold the largest market share over the forecast period owing to the increasing need for high-speed and low latency network for mission-critical communications and industrial IoT applications. The Asia Pacific private LTE market is expected to witness the highest growth rate during the forecast period. Due to augmented smartphone penetration and the increasing M2M communications, supported by the penetration of IoT platforms across several industry verticals such as transportation, healthcare, and manufacturing.
This report includes a study of marketing and development strategies, along with the product portfolios of prominent companies. It includes the profiles of leading manufacturers such as AT&T, Nokia, Druid Software, Qualcomm, Huawei, Sierra, Motorola, Ericsson, Verizon, ZTE, Future Technologies, Samsung, Cisco, Casa Systems, NetNumber, Rivada Networks, Ruckus Networks, PDV Wireless, SpiderCloud Wireless, Tait, General Dynamics, and Boingo.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the private LTE market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the private LTE market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain private LTE market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global private LTE market”
https://www.maximizemarketresearch.com/market-report/global-private-lte-market/24669/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
Manik Baug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908