Private LTE & Private 5G Network Market Scope
Private LTE/5G networks can run on licenced and/or unlicensed spectrum, are managed by an organisation or service provider, and can be optimised and designed to fulfil particularly specific data or security requirements. They are designed to meet a variety of requirements for longer distances and higher performance (where Wi-Fi or low power wide area networks (LPWANs) may be insufficient), as well as to avoid reliance on a shared service such as a public cellular network, which may not meet high reliability/low-latency requirements. Furthermore, they may not be available in some outlying areas. A key characteristic of a private LTE/5G network is that it is designed to confine network traffic to a localised zone (or the nearest possible borders) using dedicated equipment, letting the enterprise to choose which data remains on premises and which data is transferred to the cloud.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Cisco Systems, Inc., Juniper Networks (United States), Verizon Communications (United States), Qualcomm Technologies, Inc. (United States), Huawei Technologies Co., Ltd. (China), ZTE Corporation (China), Vodafone Ltd. (United Kingdom), Altiostar (United States), Mavenir (United States) and BT Group (United Kingdom) |
CAGR | % |
The market players are adopting many strategies so as to attract the audience and to gain the highest market share, these strategies can be listed as maintaining product uniqueness, offering attractive discounts, mergers with related organizations, alliances with different companies to increase sales area globally, and others.
Cisco Systems, Inc., Juniper Networks (United States), Verizon Communications (United States), Qualcomm Technologies, Inc. (United States), Huawei Technologies Co., Ltd. (China), ZTE Corporation (China), Vodafone Ltd. (United Kingdom), Altiostar (United States), Mavenir (United States) and BT Group (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are AT&T Inc. (United States), Broadcom Inc. (United States), Verizon Communications (United States), Nokia (Finland) and Ericsson (Sweden).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Private LTE & Private 5G Network market by Type , by Application (Mining, Energy and Utilities, Manufacturing, Transportation, Defence & Police Department, Healthcare and Others) and Region with country level break-up.
On the basis of geography, the market of Private LTE & Private 5G Network has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 13 Feb 2020, Telecom operator Bharti Airtel and equipment provider Nokia have partnered to offer private LTE network solutions to enterprises. The partnership will address the emerging requirements of enterprises across banking, financial services and insurance (BFSI), information technology-enabled services (ITES), media and services, manufacturing, and distribution with technologies such as cloud, IoT, artificial intelligence and machine learning, and edge computing concepts.
13th September 2019, the experimental network, constructed at the National Renewable Energy Lab’s (NREL) located in Colorado, had successfully completed its first phase and is moving into its second. 900 MHz spectrum used in the network by Anterix, provider of transformative broadband solutions. As a result of successful demonstration increased reliability for distributed generation systems such as wind and solar using private [LTE] communications are observed.” and 2018, Ericsson acquired Cenx, a service assurance company to the enhanced product portfolio in closed-loop automation and vendor-agnostic service assurance.
Influencing Trend:
Upsurge in Investments by Key Players to Make Technological Upgrades
Market Growth Drivers:
Inclination of Customer Preference Towards Consulting Sector and Increasing Demand for High-Speed Private Networks
Challenges:
Less Expensive Options Such As Broadband and Wi-Fi are Available and Lack of Reliable Connectivity Infrastructure
Restraints:
Challenge of Spectrum Disintegration and High Initial Cost of Deployment
Opportunities:
Growth Opportunities in Commercial IoT and Industrial Applications and Growing Demand from the Developing Economies
Key Target Audience
Private LTE & Private 5G Network Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others