Press release
Rapid Smartphone Adoption Fuels Growth In The Private LTE Market: Powering Innovation and Expansion in the Private LTE Market by 2025
Private LTE Market
What Is the Expected CAGR for the Private LTE Market Through 2025?
The scale of the private LTE market has seen a swift expansion in the past few years. The market, which is predicted to surge from $5.4 billion in 2024 to $6.03 billion in 2025, indicates a Compound Annual Growth Rate (CAGR) of 11.5%. Factors contributing to this rapid growth during the historic period encompass spectrum availability, the adoption phases within the industry, initiatives taken by the government, integration with IoT, utilisation by enterprises, the entrance of new market players and innovative developments.
What's the Projected Size of the Global Private LTE Market by 2029?
In the coming years, the private LTE market is anticipated to experience significant expansion. By 2029, it's projected to reach $10.07 billion, with a compound annual growth rate (CAGR) of 13.7%. Factors contributing to the growth during the forecast period include the integration of 5G, industry vertical demand, incorporation of edge computing, improvement of cybersecurity, and cloud-based deployments. Key trends during the forecast period are expected to be network slicing, smart infrastructure, private network as a service (NaaS), mission-critical communication, and enhanced interoperability.
View the full report here:
https://www.thebusinessresearchcompany.com/report/private-lte-global-market-report
Top Growth Drivers in the Private LTE Industry: What's Accelerating the Market?
The projected rise in the private LTE market is tied to the continued uptake of smartphones. A smartphone, in its core, is a mobile phone enhanced with internet connectivity and computer-like applications. The more these devices are adopted, the higher the utilization of private LTE, as it provides a personalized, robust, and secure mobile experience. Ericsson, a leading telecommunications firm in Sweden, predicted in November 2022 that smartphone subscriptions would increase from 6,570 million to 8,100 million, a compound annual growth rate (CAGR) of 3%. Consequently, the growth of the private LTE market is being pushed forward by the ever-increasing use of smartphones.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9260&type=smp
What Trends Will Shape the Private LTE Market Through 2029 and Beyond?
Leading businesses in the private LTE market are leveraging strategic collaborations to strengthen technology melding and widen their market influence. A strategic partnership often denotes a cooperative bond between multiple organizations, where they pool their resources, expertise, and efforts to meet shared goals or aims. For example, in June 2023, the Nokia Corporation, a telecommunications and consumer electronics firm based in Finland, joined forces with DXC Technology, an American IT services firm. They unveiled DXC Signal Private LTE and 5G; this is a managed, secure private wireless network solution aimed at boosting automation, adaptability, and data refinement for industrial companies. This collaboration merges Nokia Digital Automation Cloud and Nokia MX Industrial Edge with DXC Platform X, providing enhanced monitoring, analytics, and safety. The intended recipient industries include manufacturing, energy, healthcare, logistics, transportation, and education.
What Are the Main Segments in the Private LTE Market?
The private LTE market covered in this report is segmented -
1) By Component: Infrastructure, Services
2) By Technology: Frequency-Division Duplexing, Time Division Duplexing
3) By Deployment Model: Centralized, Distributed
4) By Applications: Public Safety, logistics And Supply Chain, Asset Management
5) By End User: Utilities, Mining, Oil And Gas, Manufacturing, Transportation And Logistics, Government And Public Safety, Healthcare, Other End Users
Subsegments:
1) By Infrastructure: Base Stations, Core Network Equipment, Backhaul Solutions, User Equipment (UE)
2) By Services: Network Planning And Design, Installation And Deployment, Maintenance And Support, Consulting Services, Managed Services
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=9260&type=smp
Which Top Companies are Driving Growth in the Private LTE Market?
Major companies operating in the private LTE market include Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., ZTE Corporation, Cisco Corporation, Verizon Communications Inc., Qualcomm Technologies Inc., Ruckus Networks Inc., Future Technologies Pvt. Ltd., Comba Telecom Systems Holdings Ltd., CommScope Inc., Samsung Group, Sierra Wireless Inc., Quortus Limited, Star Solutions Inc., Tecore Networks, Telrad Networks, Wireless Excellence, NEC Corporation, Aviat Networks Inc., Affirmed Networks Inc., Athonet SpA, Airspan Networks Inc., ASOCS Inc., Boingo Wireless Inc., Druid Software Limited, ExteNet Systems Inc., Fujitsu Limited, Lemko Corporation
Which Regions Will Dominate the Private LTE Market Through 2029?
North America was the largest region in the private LTE market in 2024. The regions covered in the private LTE market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9260
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rapid Smartphone Adoption Fuels Growth In The Private LTE Market: Powering Innovation and Expansion in the Private LTE Market by 2025 here
News-ID: 4089030 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for LTE
LTE CPE Market the Falling Prices of LTE-Capable Devices
LTE CPE stands for Long Term Evolution Customer Premises Equipment. It is a type of customer premises equipment (CPE) that is used to connect to an LTE network. LTE CPE can be used for both home and business applications. LTE CPE typically includes an LTE modem, WiFi router, and LTE antenna.
LTE is the latest and greatest in wireless data technology, and LTE CPE devices are the customer-premise equipment (CPE) that…
Perle IRG5521 LTE Routers provide LTE coverage when WiFi is unavailable
When the power goes down, so does the WiFi. Cellular systems, however, keep working. A Case Study about Winning Strategies’ new stand-alone multi-power-source wireless surveillance system.
PRINCETON, N.J. (Mar. 30, 2021) Establishing a contingency plan to recover IT services after an emergency, or system disruption, is a critical step in the network design process. IT systems are vulnerable to a variety of interruptions that range from short-term power outages to severe…
2018-2025 LTE Communication Market analysis report with Leading players, Applica …
LTE Communication Market
The Global LTE Communication Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The LTE Communication Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this research report.
To Access PDF…
LTE-Advanced (LTE-A) Mobile Technologies Market 2017 Emerging Trends
This report studies the global LTE-Advanced (LTE-A) Mobile Technologies market, analyzes and researches the LTE-Advanced (LTE-A) Mobile Technologies development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Nokia Solutions and Networks
Alcatel-Lucent
EE Limited
Cisco
Ericsson
AT&T
SK Telecom
Royal KPN
Samsung
NTT Docomo
LG
Huawei
ZTE
For more information about this report at http://www.reportsweb.com/global-lte-advanced-lte-a-mobile-technologies-market-size-status-and-forecast-2022
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by Type, LTE-Advanced…
Global LTE (LTE-FDD, TD-LTE and LTE Advanced) Market Analysis, Size, Share, Grow …
Researchmoz added Most up-to-date research on "LTE (LTE-FDD, TD-LTE and LTE Advanced) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" to its huge collection of research reports.
LTE, an initial of Long Term Evolution and marketed as 4G LTE, is a wireless communication standard for high-speed data for data terminals and mobile phones. LTE technology reduces the cost per gigabyte with enhanced capacity per site.…
The LTE, LTE-Advanced & 5G Ecosystem Technology Advancement, Emerging Evolution
As a natural upgrade path for carriers from the previously detached GSM, CDMA and TD-SCDMA ecosystems, LTE has emerged as the first truly global mobile communications standard. Commonly marketed as the “4G” standard, LTE promises to provide higher data rates and lower latency at a much lower TCO (Total Cost of Ownership) than 3G technologies.
The TCO and performance is further enhanced by deployment of small cells and the LTE-Advanced standard.…
