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What’s driving the Private LTE market Trend? | Key Players are Nokia, Qualcomm, Huawei, Ericsson, ZTE, Future Technologies, Verizon, Cisco, Netnumber, Druid Software, Casa Systems, Ruckus Networks, SpiderCloud, PDV Wireless

07-03-2019 08:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Private LTE market

Private LTE market

Private LTE market is projected to surpass USD 11 billion by 2024. These networks are becoming extensively popular for private and industrial environments as they offer faster network speeds, high-bandwidth and better security. Private LTE has become a preferable approach as compared to enterprise-class Wi-Fi and commercial carrier LTE networks. By deploying a high-speed dedicated network, enterprises can enhance their operational efficiency and reduce CAPEX costs. These networks offer numerous benefits for the enterprise and industrial applications where productivity and security must be maintained at higher levels.

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Key Companies in Global Private LTE market: -
• AT&T, Inc
• Boingo Wireless
• Casa Systems, Inc
• Cisco
• General Dynamics Mission Systems
• Motorola Solutions
• NetNumber
• Nokia
• Rivada Networks

3. Private LTE Industry Insights

3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape, 2014-2024
3.4. Private LTE ecosystem analysis
3.4.1. Hardware component providers
3.4.2. Smartphone providers
3.4.3. Telecom service providers
3.4.4. Integrators
3.4.5. Managed service providers
3.4.6. End users
3.5. Advantages of LTE for private wireless networks
3.6. Working/Architecture of Private LTE
3.7. Technology & innovation landscape
3.7.1. Internet of Things (IoT)
3.7.2. 5G network
3.7.3. MulteFire technology
3.7.4. Citizens Broadband Radio Service (CBRS)
3.8. Regulatory landscape
3.8.1. 3GPP Standards Release for LTE, 3GPP Release 8, 2008
3.8.2. Citizens Broadband Radio Service (CRBS) Alliance Baseline Standards
3.8.3. The MulteFire Release 1.0 Specification
3.8.4. ITU Y.3101 Standard (Requirements of the IMT-2020 network (5G))
3.8.5. Recommendations and action plan for 5G roadmap by Steering Committee, India

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Private LTE market is gaining momentum with the increase in deployments for various use cases such as enterprise IIoT applications, defense, transportation, energy and mining. A dedicated network enables organizations to control their own networking environment, customize it as per their requirements and ensures more coverage. For instance, in the critical communications industry, LTE has emerged as one of the most widely adopted networks.

Another factor accelerating the private LTE market growth is the tremendous increase in the number of connected devices and sensors that utilize the dedicated networks to meet the communication and networking requirements of the smart city applications. The applications including, smart transportation, smart lighting, waste management, and smart roads are expected to drive the demand for next-generation networks such as LTE-A and 5G to support the networking requirements in terms of reliability, interoperability and security

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The EPC segment held a majority share accounting for nearly 40% in the private LTE market in 2017. Growing adoption of private LTE among organizations increases the demand for EPC to address the CAPEX concerns while establishing dedicated networks. The EPC solution helps to speed up real-time information uploads and transfers with covered voice and data communications suitable for small and medium-sized networks.

Vehicular routers in the private LTE market are projected to grow at a CAGR of over 32% over the forecast timeline. The market growth is driven by their ability to provide fast and reliable wireless connectivity for deployments where wired options are too expensive. These routers enable seamless connectivity and are crucial for enabling various applications such as fleet management, video surveillance and monitoring of connected mobile assets.

The private LTE market in Europe is projected to grow at a CAGR of over 30% from 2018 to 2024. The market growth is driven by the huge investments in private LTE and 5G-ready networks that ensure improved connectivity and provide wider coverage. For instance, in January 2018, French mobile telephone operators planned to invest USD 3.7 billion to introduce 4G network to remove the coverage gaps by 2020.

Contact us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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