What's Driving the Private LTE Market Growth? Key Vendors: Nokia, Qualcomm, Huawei, Ericsson, ZTE, Verizon, Cisco, Netnumber, Casa Systems, Boingo, Samsung, Motorola, Sierra Wireless, AT&T, Rivada Networks, Tait Communications

Private LTE market growth will be growing need for reliable and secure communication between various connected devices. With rapid development of smart cities, adoption of smart & connected devices is on rise. Rapid commercialization of 5G technology is also playing a crucial part in bolstering the demand for advanced private LTE solutions. In 2018, North America was a major regional ground for private LTE market due to the rising adoption of LTE networks in mission-critical communication and industrial IoT applications across the region.

The mounting need for secured private networks with high operational efficiency and low latency rate at a reduced cost is poised to escalate deployment of private LTE networks across several end-use firms.

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Without compromising on network security, private LTE networks enable companies to securely extend their networks to their employees' mobile devices & cloud. The increasing requirement for reliable and secure communication in businesses to efficiently perform operations will bolster the adoption of private LTE solutions in the coming years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Nokia
o Qualcomm
o Huawei
o Ericsson
o ZTE
o Future Technologies
o Verizon
o Cisco
o Netnumber
o Druid Software
o Casa Systems
o Ruckus Networks
o SpiderCloud
o PDV Wireless
o General Dynamics Mission Systems
o Boingo
o Samsung
o Motorola
o Sierra Wireless
o AT&T
o Rivada Networks
o Tait

Advanced LTE solutions deliver better data connectivity by instantaneously transferring high volumes of data, which facilitates the usage of various applications, such as live streaming during emergency conditions, mapping software for locating mission-critical assets, etc. In 2018, public safety application segment dominated private LTE market share and is expected to showcase appreciable growth over the coming years.

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The immense penetration of IoT across APAC region has increased the need for private IoT networks for aiding enterprises in enhancing their network security and resilience. The region is witnessing a massive technology migration to 4G advanced with an increase in 4G connections. Availability of various spectrum with favorable regulatory policies introduced by governments across APAC countries is augmenting adoption of next-generation mobile networks. Moreover, rise in adoption of IoT platform across various industry verticals, including retail, manufacturing, and transportation will supplement APAC private LTE market share through 2026.

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