Press release
Emerging Trends to Drive Private LTE Market Growth at 13% CAGR Through 2029
Private LTE Market
Private LTE Market Size Growth Forecast: What to Expect by 2025?
The size of the private LTE market has expanded significantly in the past few years. A growth from $5.4 billion in 2024 to $5.98 billion in 2025 is predicted, indicating a compound annual growth rate (CAGR) of 10.6%. The surge during the past years can be associated with factors such as spectrum accessibility, stages of industry adoption, government policies, integration with IoT, usage in enterprises, entrance of new players in the market and innovative developments.
How Will the Private LTE Market Size Evolve and Grow by 2029?
In the coming years, the private lte market is predicted to experience swift expansion. Anticipated to reach $9.76 billion by 2029 with a compound annual growth rate of 13.0%, this progression over the forecast period can be largely owed to factors such as 5G integration, the impending demand of industry verticals, the inclusion of edge computing, heightened cybersecurity, and the ascent of cloud-based deployments. Noteworthy trends throughout the forecast period will encompass network slicing, intelligent infrastructure enhancement, private network provision as a service (NaaS), crucial mission communication, and increased interoperability.
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What Drivers Are Propelling the Growth of Private LTE Market Forward?
The burgeoning use of smartphones is predicted to drive the expansion of the private LTE market. Symbolizing a mobile phone that is internet-compatible and possesses computer-like software, the smartphone's surge in popularity fuels the usage of private LTE. This is because a smartphone's private LTE network offers custom, secure, and high-quality mobile solutions. Ericsson, a networking and telecommunications company based in Sweden, provided an illustration of this in November 2022. They projected that smartphone subscriptions would escalate from 6,570 million to 8,100 million. This represents a compound annual growth rate (CAGR) of 3%. Consequently, the escalating adoption of smartphones is fueling the private LTE market's growth.
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Which Emerging Trends Are Transforming the Private LTE Market in 2025?
Key players in the private LTE market are resorting to strategic alliances to boost technological fusion and broaden their market scope. A strategic alliance generally implies a cooperative link between two or more firms where they pool their resources, capabilities, and efforts to accomplish shared aims or objectives. For example, in June 2023, Nokia Corporation, a Finnish telecommunications and consumer electronics company, teamed up with DXC Technology, a US-based IT services provider, to launch DXC Signal Private LTE and 5G, a managed and secure private wireless network solution aimed at helping industrial enterprises boost automation, flexibility, and data handling. This collaboration melds Nokia Digital Automation Cloud and Nokia MX Industrial Edge with DXC Platform X to provide superior monitoring, analytics, and security. The primary focus industries include manufacturing, energy, healthcare, logistics, transportation, and education.
What Are the Key Segments in the Private LTE Market?
The private ltemarket 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
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Who Are the Key Players Shaping the Private LTE Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Private LTE Market?
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
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