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Private LTE Market Key Players - Nokia, Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., Ruckus Networks

12-11-2018 12:33 PM CET | Media & Telecommunications

Press release from: qyreports

Private LTE Market Key Players - Nokia, Huawei Technologies Co.,

The global private LTE market is expected to grow from its current value of USD 1800 million to over USD 11 billion by 2024; according to a new research report

The market growth is attributed to the massive surge in connected devices that generate the need for secure and reliable communication between devices. To overcome network connectivity issues faced by the connected industrial systems, the private LTE networks play an important role.

The demand for enabling the transition from disparate disconnected networks to smart connected systems for offering enhanced modes of customer interaction and service delivery has led to the introduction of private LTE networks. Private LTE network is a private network (a network restricted to one enterprise) intended for efficiently connecting people/things of that respective enterprise and securing data by eliminating the connection with a core network of public mobile operators. A private LTE network, furthermore, eradicates the restrictions associated with a conventional network system, such as the Ethernet or Wi-Fi, by supporting both human and machine communication on a single network.

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North America private LTE market is estimated to hold the largest market share of over 40% by 2024 due to the growing need for high-speed and low latency network for mission-critical communications and industrial IoT applications. For instance, in June 2017, Redline and Future Technologies partnered to offer Redline’s mobile LTE product line to the military customers of Future Technologies. Under the partnership, both the companies executed their commercial LTE pilot for a military customer for use in disaster recovery and tactical deployments. Also, the penetration of smart connected systems in sectors such as transportation, manufacturing, and public safety is expected to increase the demand for private LTE networks.

The energy sector is projected to grow with an impressive CAGR of over 35% in the private LTE market between 2018 and 2024. As the remote and rugged industrial environments demand robust Machine-to-Machine (M2M) and IoT communications, the dedicated private LTE network provides the required reliability, capacity, and real-time performance to connect critical M2M and IoT applications. These networks are gaining popularity in the electrical utilities sector, enabling operators to have a direct control of networks for a smart distribution grid. The dedicated networks help to connect grid assets located beyond the coverage of mobile operator’s networks and provide an extensive coverage needed to extend the reach of the network into the distribution grid.

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Table of Content:

Chapter 1: Private LTE Market System Market Overview

Chapter 2: Global Economic Impact industry Market System

Chapter 3: Private LTE Market System Competition by Manufacturer on Web Services industry

Chapter 4: Global Private LTE Market System Production, Revenue by Region (2012-2018)

Chapter 5: Global Market system Supply (Production), Consumption, Export, Import by Regions (2018-2024)

Chapter 6: Global Private LTE Market Revenue (Value), Price Trend by Type

Chapter 7:  Global Private LTE Market Analysis by Application

Chapter 8: Market Manufacturing Cost Analysis

Chapter 9: Global Private LTE Market Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 11: Market Effect Factors Analysis

Chapter 12: Global Private LTE Market System Market Forecast (2018-2023)       

Chapter 13: Appendix

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About QYReports:

 We at, QYReports, a leading market research report published accommodate more than 4,000 celebrated clients worldwide putting them at advantage in today’s competitive world with our understanding of research. Our list of customers includes prestigious Chinese companies, multinational companies, SME’s and private equity firms whom we have helped grow and sustain with our fact-based research. Our business study covers a market size of over 30 industries offering unfailing insights into the analysis to reimagine your business. We specialize in forecasts needed for investing in a new project, to revolutionize your business, to become more customer centric and improve the quality of output.

 

Contact:
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+91-9764607607
sales@qyreports.com
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