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.
The market study is being classified, by Application (Public Safety [Real-Time Streaming, Smart Devices Network Monitoring, Multimedia], Logistics and Supply Chain Management and Asset Management) and major geographies with country level break-up. According to AMA, the Global Private LTE market is expected to see growth rate of 26.12%
Research Analyst at AMA predicts 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 profiled in the study. 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).
AdvanceMarketAnalytics has segmented the market of Global Private LTE market by Type, Application and Region.
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).
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 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.
- Increasing Adoption of Machine Learning and Mobile Robotics
- Convergence of Private LTE And 5G Network
- 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 Network Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
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