Private LTE Market Scope
Private LTE is referred to as a standard-based long term evolution network designed to serve specific enterprise business, educational, or government purposes. They can be operated by traditional mobile operators. They could also be operated by third-party network providers. Increasing government initiative towards promoting private LTE network propelling the market growth. For instance, The United States Federal Communications Commission (FCC) has permitted the 3.5GHz CBRS band for LTE use to enhance wireless broadband performance and access in the US. Moreover, market players are focusing on technological advancement and the launch of a new private network solution. For example, recently Ericsson launched a private network solution designed for streamlining the management and deployment of private LTE and 5G networks for industrial enterprises. In addition, growing demand from the developing economies expected to fuel the market demand during the forecasted period.
According to AMA, the Global Private LTE market is expected to see growth rate of 26.12% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Private LTE market throughout the predicted period.
Ericsson (Sweden), Huawei (China), NEC (Japan), Verizon (United States), Cisco (United States), Samsung (South Korea), Comba (China), Arris International (United States), Sierra Wireless (Canada), NetNumber (United States), Lemko (United States), General Dynamics (United States), Future Technologies (United States), Quortus (United Kingdom), Ambra Solutions (Canada) and Nokia (Finland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Star Solutions (Canada), Druid Software (Italy), Ursys (Australia), Luminate Wireless (United States), Athonet (Italy), Mavenir (United States), Zinwave (United States) and Redline Communications (Canada).
Segmentation Overview
The study have segmented the market of Global Private LTE market , by Application (Public Safety [Real-Time Streaming, Smart Devices Network Monitoring, Multimedia], Logistics and Supply Chain Management and Asset Management) and Region with country level break-up.
On the basis of geography, the market of Private LTE 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).
Influencing Trend:
Increasing Adoption of Machine Learning and Mobile Robotics
Market Growth Drivers:
Convergence of Private LTE And 5G Network 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
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 solution 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.
Key Target Audience
Private LTE Network Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
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.