Private LTE Market will register a CAGR of above 26.12% by 2024 | Leading Players: Verizon, Huawei, Cisco, Samsung, Quortus

(HTF Market Intelligence via Comtex)

Private LTE is referred to as a standard-based long term evolution network designed to serve specific enterprise business, educational, or government purposes. Increasing government initiative towards promoting private LTE network propelling market growth. For instance, The United States Federal Communications Commission (FCC) has permitted the 3.5GHz CBRS band for LTE use to enhance wireless broadband performance and access in the US.

Moreover, market players are focusing on technological advancement and the launch of a new private network solution. For example, recently Ericsson launched a private network solution designed for streamlining the management and deployment of private LTE and 5G networks for industrial enterprises. In addition, growing demand from the developing economies expected to fuel the market demand during the forecasted period.

Advance Market Analytics released the research report of Global Private LTE Market, offers a detailed overview of the factors influencing the global business scope. Private LTE Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Private LTE. This Report covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Ericsson (Sweden), Huawei (China), NEC (Japan), Verizon (United States), Cisco (United States), Samsung (South Korea), Comba (China), Arris International (United States), Sierra Wireless (Canada), NetNumber (United States), Lemko (United States), General Dynamics (United States), Future Technologies (United States), Quortus (United Kingdom) and Ambra Solutions (Canada).

In the last few years, Global market of Private LTE developed rapidly, with an average growth rate of 26.12%. Major factors driving the market are Convergence of Private LTE And 5G Network.

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Market Trend

  • Increasing Adoption of Machine Learning and Mobile Robotics

Restraints

  • Challenge of Spectrum Disintegration

Opportunities

  • Growth Opportunities in Commercial IoT and Industrial Applications and Growing Demand from the Developing Economies

Recent Industry Highlights:

13th September 2019, the experimental network, constructed at the National Renewable Energy Lab's (NREL) located in Colorado, had successfully completed its first phase and is moving into its second. 900 MHz spectrum used in the network by Anterix, provider of transformative broadband solutions. As a result of successful demonstration increased reliability for distributed generation systems such as wind and solar using private [LTE] communications are observed."

Some of the other players that are also part of study are Star Solutions (Canada), Druid Software (Italy), Ursys (Australia), Luminate Wireless (United States), Athonet (Italy), Mavenir (United States), Zinwave (United States) and Redline Communications (Canada). The Global Private LTE market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.

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Major applications/end-users industry are: Public Safety (Real-Time Streaming, Smart Devices Network Monitoring, Multimedia), Logistics and Supply Chain Management, Asset Management

Service: Consulting, Integration and Deployment, Support and Maintenance (Network Testing, LTE Device Testing), Managed Services (Network Planning, Network Orchestration)

Technology: Frequency Division Duplex, Time Division Duplex

Mining: Energy and Utilities, Manufacturing, Transportation, Defense, Healthcare

Top Players in the Market are: Ericsson (Sweden), Huawei (China), NEC (Japan), Verizon (United States), Cisco (United States), Samsung (South Korea), Comba (China), Arris International (United States), Sierra Wireless (Canada), NetNumber (United States), Lemko (United States), General Dynamics (United States), Future Technologies (United States), Quortus (United Kingdom) and Ambra Solutions (Canada)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

The study objectives of this report are:

  • To analyze Private LTE status, future forecast, growth opportunity, key market and key players.
  • To present the Global Private LTE development in United States, Europe and Asia Pacific.
  • To strategically profile the key players and comprehensively analyze their development plan and strategies.
  • To define, describe and forecast the market by product type, market and key regions.

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Extracts from TOC

1 Study Coverage

Industry Definition

.....

2 Executive Summary

Global Private LTE Market Size (2014-2025) by Revenue, Production*, Growth rate

Analysis of Competitive Landscape - Insights on Market Development Scenario

3 Market Size by Manufacturers [Market Share, Global Rank etc]

4 Global Private LTE Production, Consumption by Regions (2014-2025)

5 Market Size by Type

Global Private LTE Revenue by Type

Global Private LTE Volume by Type

Global Private LTE Price by Type

6 Market Size by Application (2014-2025)

Global Private LTE Breakdown Data by Revenue, Volume

7 Manufacturers Profiles

8 Value Chain and Sales Channels Analysis

Data Sources & Methodology

The primary sources involves the industry experts from the Global Private LTE Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources - Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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