What is Private LTE Network Market Scope?
Private LTE is intended as standard based long term evolution networks designed to serve specific enterprises business, educational, and government purposes. It is a private network extensively used to connect people/things of respective organizations and also securing data by eliminating the connection with a core network of public mobile operators. Furthermore, the private LTE network eliminates the restrictions associated with a conventional network system such as Ethernet and Wi-Fi, by assisting both human and machine communication on a single network. They also operated by traditional operators. They could also be operated by third-party operators.
Influencing Trend:
Organizations Across The Critical Communications Industry From Public Safety Agencies To Railway Operators Are Making Sizable Investments In Private LTE And 5G-Ready Networks
Market Growth Drivers:
Need for Unique and Defined Network Qualities and Convergence of 5G and Private LTE
Challenges:
High Initial Cost of Deployment
Restraints:
Challenge of Spectrum Fragmentation
Opportunities:
Opportunities in Industrial and Commercial IoT and Rise in Adoption of Mobile Robotics and Machine Learning
The Private LTE Network market study is being classified, by Application and major geographies with country level break-up.
According to AMA, the Global Private LTE Network market is expected to see growth rate of 28.0% and may see market size of USD10.5 Billion by 2030.Amid all the 5G hype, a wide range of vendors continues to look for new growth opportunities for LTE equipment. And two particular areas private wireless networks and fixed wireless access appear to continue to gain steam. Specifically, vendors like Nokia, Ericsson, and Redline Communications are among those selling LTE equipment for private wireless networks, while vendors like Nokia, Telrad, and Baicells have been promoting LTE equipment for FWA. While the two markets (private wireless and FWA) are distinct. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Private LTE Network market throughout the predicted period.
Nokia (Finland), Ericsson (Sweden), Huawei (China), NEC (Japan), Verizon (United States), Cisco (United States), Samsung (South Korea), Comba (China), Arris International (United States) and Sierra Wireless (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Netnumber (United States), Lemko (US), General Dynamics (United States), Future Technologies (United States), Pdvwireless (United States), Quortus (United Kingdom), Ambra Solutions (Canada), Zinwave (United States), Redline Communications (Canada), Athonet (Italy), Mavenir (United States), Star Solutions (Canada), Druid Software (Italy), Ursys (Australia) and Luminate Wireless (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Private LTE Network market by Type, Application and Region.
On the basis of geography, the market of Private LTE 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). North America region hold largest market share in the year 2023. United States, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Market Influencers and their Development Strategies
In May 2018, Ericsson partnered with Verizon, Qualcomm, and Federated Wireless for commercial deployment of LTE on the CBRS wireless spectrum ecosystem in the US. and In September 2018, Ericsson signed an agreement to acquire CENX, a provider of closed-loop automation and service assurance capabilities.
In August 2021 – NTT, a global technology and business solutions provider, today announced the launch of NTT’s Private 5G platform (P5G), the first globally available private LTE/5G Network-as-a-Service platform. With a complete end-to-end stack of services that goes beyond the network, NTT P5G helps Chief Information Officers and Chief Digital Officers leverage the benefits of private 5G to solve business problems and innovate to keep pace with the future of enterprise. NTT P5G leverages design thinking principles to integrate security, control and privacy by design, providing performance and cost benefits with a clear ROI
Key Target Audience
Private LTE providers, Traders, Importer and Exporter, Raw Material Suppliers and Distributors, Research and Consulting Firms, Government and Research Organizations and Associations and Industry Bodies
Private LTE Network Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Private LTE Network Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Private LTE Network industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.