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.
The Private LTE & Private 5G Network market study is segmented by Type (Private LTE Network and Private 5G Network), by Application (Mining, Energy and Utilities, Manufacturing, Transportation, Defence & Police Department, Healthcare and Others) and major geographies with country level break-up.
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).
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 total available market.
AMA Research has segmented the market of Global Private LTE & Private 5G Network market by Type, Application and Region.
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).
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 Labís (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.Ē and 2018, Ericsson acquired Cenx, a service assurance company to the enhanced product portfolio in closed-loop automation and vendor-agnostic service assurance.
- Upsurge in Investments by Key Players to Make Technological Upgrades
- Inclination of Customer Preference Towards Consulting Sector
- Increasing Demand for High-Speed Private Networks
- Growth Opportunities in Commercial IoT and Industrial Applications
- Growing Demand from the Developing Economies
- Challenge of Spectrum Disintegration
- High Initial Cost of Deployment
- Less Expensive Options Such As Broadband and Wi-Fi are Available
- Lack of Reliable Connectivity Infrastructure
Key Target AudiencePrivate 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
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Private LTE & Private 5G Network Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.