Private LTE Industry Comprehensive Evaluation of the Market via in-depth Qualitative Insights on COVID 19: Nokia, Ericsson, Huawei, NEC, Verizon, Cisco, Samsung, Comba, Arris International, Net number, General Dynamics, Mavenir, Future Technologies, Redli

Overview:
Private Long-Term Evolution (LTE) includes core network servers and cell sites that provide a particular organization with an autonomous cellular network. It meets the customized demand for mission-critical applications on the network, drastically reducing latency. LTE is a noble novel innovation that calls for some developments in mobile infrastructure technology. Therefore, mobile phone companies need increased capacity and reliable network connectivity to accommodate LTE networks of the next decade. LTE can provide a data speed up to 30mbps and LTE advance can even provide a speed of 100 Mbps.

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Drivers:
The increasing adoption of Industry 4.0, industrial IoT, and automated technology are significantly fuelling the demand for the private LTE market.

According to StatisticaStatistica , the number of LTE subscriptions worldwide in 2019 was more than 2 billion users and in 2020 it has crossed the 3 billion marks.

Smartphones are becoming a bigger part of daily life for many people across the globe. The increase in the number of smartphones has helped the private LTE market to grow rapidly in all the regions as every smartphone needs a fast and secure network. According to Statistica in 2020, the number of smartphone users worldwide has surpassed 3.3 billion marks.

Having a presence in social media has also been a major driver to have a private LTE network. According to Ourworldindata in 2019, the number of people on social media reached 2.4 billion marks.

Restraints:
The high initial cost of deployment may pose a challenge to market growth. Many countries are still facing challenges while investing in the infrastructure of LTE.

Telecom companies still need to work on their network stability in all the regions to provide smooth and continuous service even when the customer is under roaming. Limited spectrum at different locations states, countries are also a major challenge for LTE service providers.

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Regional Insights:
Since most public safety agencies in countries such as Norway, Poland, and Finland depend on TETRA networks for emergency communications services and are improving network capabilities by allowing convergence with advanced wireless solutions, including broadband and LTE, and hence the market value of Europe is estimated to flourish increase over the forecast time frame period.

For e.g. instance, in July 2019, BDBOS, a German public -safety network, announced its expansion of the digital radio network with high-performance data services. The spectrum enables security & rescue teams to deploy communications services in their mission-critical applications.

Meanwhile, Asia Pacific private LTE market is slated expected to showcase a robust growth rate during 2020-2027, attributable to thriving manufacturing industries of automobiles, IT, and electronic products especially in emerging economies such as India and China.

Competitive Section:
Key competitors in the market are Nokia, Ericsson, Huawei, NEC, Verizon, Cisco, Samsung, Comba, Arris International, Net number, General Dynamics, Mavenir, Future Technologies, Redline Communications, Pdvwireless, Quortus, Ambra Solutions, Zinwave, Star Solutions, Druid Software, Cradlepoint, Inc., Aand Lemko.

In October 2019, Syniverse, a business & technology service provider for the telecommunication firms, started developing & deploying its own private LTE networks. The company partnered with Federated Wireless and Ruckus Wireless to develop their own private LTE using Syniverse’s Evolved Packet Core (EPC).

In June 2020, Ericsson announced the general availability of Standalone (SA) 5G new radio software with cloud infrastructure edge services.

In April 2020, Nokia partnered with Bharti Airtel to deploy private LTE solutions.

In June 2020, Nokia is expected to deploy a 5G private wireless network, in the Toyota manufacturing design center, Japan.

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