Private LTE market is anticipated to grow at a significant CAGR of 14.0% during the forecast period. The emergence of high-end technology such as artificial intelligence (AI), the internet of things (IoT), and automation has increased the demand for high-speed internet which is supporting the growth of the market. Additionally, businesses are also transferring their operations on various digital platforms that include cloud infrastructure and industrial automation, which will boost the need for wireless networks for more secure internet and data transfer that can be obtained by private LTE technology.
Moreover, the government sector is going to benefit due to the rising usage of private LTE networks. These networks provide more safety, broad coverage, and 24*7 connectivity along with securing timely responses in emergencies leading to better actionable insights. Further, for the purpose of providing public safety these networks can also support government to enable better networks which will also lead to increased demand for private LTE networks. Thus, a rise in government shove for new frequency bands in the unlicensed and shared spectrum will drive the growth of the private LTE market during the forecast period.
The COVID-19 pandemic had a low impact on the growth of the global private LTE market since the government and private sectors in emerging countries are working together to speed up the development of LTE infrastructure. Furthermore, due to COVID-19 pandemic, most of the businesses were dependent to operate their work from their native places. Digital transformation of businesses has also become the key factor in the growing private LTE market. However, during the lockdown, the maintenance of the private LTE stations and micro towers got obstructed due to the temporarily shut down of the manufacturing unit of auxiliary equipment of micro towers significantly.
The global private LTE market is segmented based on the component, technology, deployment model, and end-user. Based on the component, the market is segmented into infrastructure and services. Based on the technology, the market is sub-segmented into the FDD and TDD. Based on the deployment model, the market is sub-segmented into centralized and distributed. Based on the end-user, the market is sub-segmented into healthcare, it & telecom, retail & e-commerce, manufacturing, government and defense, energy and utility, oil & gas, education, others. Moreover, with the increasing adoption of private LTE supports, end-users to make rapid and hassle-free data connections & internet calls which drive the growth of the market.
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Global Private LTE Market Segmentation
By Component
- Infrastructure
- Services
- By Technology
- FDD
- TDD
By Deployment Model
- Centralized
- Distributed
By End-User
- Healthcare
- IT &Telecom
- Retail & E-commerce
- Manufacturing
- Government & Defense
- Energy & Utility
- Oil & Gas
- Education
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Affirmed Networks
- AT&T Intellectual Property.
- Athonet srl
- Boingo Wireless, Inc.
- Casa Systems
- CommScope, Inc.
- Druid Software
- ExteNet Systems
- FUJITSU
- General Dynamics Corp
- Huawei Technologies Co., Ltd.
- LEMKO CORP
- Mavenir
- NEC Corp
- NetNumber Inc.
- Nokia
- Qualcomm Technologies, Inc.
- Quortus Ltd.
- Redline
- SAMSUNG
- Sierra Wireless.
- Star Solutions
- Tecore, Inc.
- Telefonaktiebolaget LM Ericsson
- ZTE Corp.
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