What Factors Increased the Demand of Private LTE Market At Global Level, Know More

The Global Private LTE Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team.

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Private LTE Market size is expected to grow from US$ 2.4 Billion in 2018 to US$ 4.5 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.0% during the forecast period. The need for unique and defined network qualities, and convergence of 5G and private LTE are the major factors driving the growth of the private LTE industry.

Top Companies profiled in the Private LTE Market include are
Nokia (Finland)
Ericsson (Sweden)
Huawei (China)
NEC (Japan)
Verizon (US)
Cisco (US)
Samsung (South Korea)
Comba (China)
Arris International (US)
Sierra Wireless (Canada)
NetNumber (US)
Lemko (US)
General Dynamics (US)
Future Technologies (US)
pdvWireless (US)
Quortus (UK)
Ambra Solutions (Canada)
Zinwave (US)
Redline Communications (Canada)
Athonet (Italy)
Mavenir (US)
Star Solutions (Canada)
Druid Software (Italy)
Ursys (Australia)
Luminate Wireless (US)

“Managed services segment to grow at the highest CAGR during the forecast period”
The managed service providers connect people across all business functions and regions, and provide them with relevant information related to intelligent design, operations, and maintenance, as well as, offer a higher quality of services. Managed services in the private LTE market outsource a complete network or a part of it on a proactive management basis to improve the network operations and reduce the organizational expenses. As the private LTE market is in its initial phase, most of the vendors are not capable of providing a standalone solution and its associate services to the customers.

“Americas to hold the largest market size, and APAC to grow at the highest rate during the forecast period”
Americas is expected to have the highest share of the overall private LTE market. Americas holds a major portion in the adoption of private LTE in this region. Americas leads the LTE technology usage with around 94% penetration of 4G LTE connection. US and Canada are at the forefront as these countries have sustainable and well-established economies, which empower them to strongly invest in R&D activities, thereby contributing to the development of new technologies. Network operators in this region consistently invest in expanding and upgrading their LTE and LTE-advanced networks.

Report Highlights:
• To forecast the industry size of the segments with respect to 4 main regions, namely, the Americas Europe, Asia Pacific (APAC), and Middle East and Africa (MEA)

• To analyze the opportunities in the industry and details of the competitive landscape of stakeholders and market leaders

• To define, describe, and forecast the private Long-Term Evolution (LTE) market by technology, service, application, industry, and region

• To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the industry growth

• To analyze the competitive developments, such as mergers and acquisitions, new partnerships, product enhancements, and new product developments, in the private LTE industry

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Competitive Landscape of Private LTE Market:
1 Overview
2 Market Ranking
3 Competitive Scenario
3.1 New Product Launches and Enhancements
3.2 Partnerships, Collaborations, and Agreements
3.3 Mergers and Acquisitions

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