Industry Background:
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.According to AMA, the market for Private LTE Network is expected to register a CAGR of 28.0% during the forecast period to 2026. This growth is primarily driven by Need for Unique and Defined Network Qualities and Convergence of 5G and Private LTE.
Globally, a noticeable market trend is evident Organizations Across The Critical Communications Industry From Public Safety Agencies To Railway Operators Are Making Sizable Investments In Private LTE And 5G-Ready Networks. The Integrated Telecommunication Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
Nokia has been selected by Brazilian power distributor Elektro, part of the Neoenergia/Iberdrola group, to deploy a private LTE network to increase the efficiency and reliability of the electrical grid in the City of Atibaia and surrounding areas in the state of Sao Paulo. This highly reliable wireless 4G network, the first of its kind in Brazil, will serve more than 75,000 businesses and homes.
Market Drivers
- Need for Unique and Defined Network Qualities
- Convergence of 5G and Private LTE
Market 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
Restraints
- Challenge of Spectrum Fragmentation
Opportunities
Opportunities in Industrial and Commercial IoT and Rise in Adoption of Mobile Robotics and Machine Learning
Challenges
High Initial Cost of Deployment
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Private LTE Network Study Sheds Light on
— The Private LTE Network Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Private LTE Network industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Private LTE Network industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.