Private LTE Market Outlook to 2026 | Global Industry to Witness Steady Growth of 30% CAGR
Category: #reports  By Ronak Bora  Date: 2020-04-16
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Private LTE Market Outlook to 2026 | Global Industry to Witness Steady Growth of 30% CAGR

Growing integration of IoT platforms in numerous sectors like transportation, manufacturing and retail may further bolster private LTE market size in the coming years. Favorable regulatory policies initiate by government organizations have also supported the adoption of next-generation mobile networks.

In this era of technology, IoT systems have found immense application in various industry verticals. The overwhelming growth in the IoT sector has fueled the requirement for efficient private LTE networks. This trend is increasingly witnessed across developing nations like APAC that are seamlessly expanding their digital footprint. Organizations across such regions are using private IoT network to enhance their network’s resiliency and security. 

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Public safety is a key focuses of government agencies as it aims on safeguarding citizens from threats and natural disasters. Effective executive of public safety solutions requires improved coordination between various government authorities like police, firefighters, and other emergency medical services. During emergencies, it is vital for such agencies to rapidly communicate with one another via a reliable communication network. Private LTE solutions seems to be an ideal option to help cope with this demand. 

These networks can instantly transfer high volumes of data. They ensure seamless operation of various essential applications like mapping software for locating live streaming or mission-critical assets at the time of an emergency. Citing its significance, studies suggest the private LTE network market may accrue commendable proceeds from the public safety application

In today’s interconnected and digital world, private LTE networks have emerged as a preferred communication option for businesses. With private LTE, organizations can securely extend the network to their employee’s mobile device and the cloud. Increasing adoption of smart devices and the commercialization of 5G technology may act as the key growth enabler for global private LTE market.

Moreover, burgeoning demand for secure and reliable network solutions across numerous business verticals may accentuate the private LTE market size.

With growing competition, companies operating in the private LTE market have started to focus on strategic partnerships in recent years. Taking October 2018 for instance, Nokia Networks choose Brazil’s leading power distributors Elektro to deploy a private LTE network to increase the efficiency and reliability of the electrical grid in Atibaia city and nearby areas in Sao Paulo. With the deployment of the 4G network, the company would be able to serve more than 75,000 homes and businesses in the nation, claim reports.

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Apart from this, firms operating in the private LTE market are also bringing in new LTE products to cope up with the rapidly changing demands of enterprise customers. Notably, Nokia, Ericsson, Qualcomm, and Huawei are at the forefront of the private LTE industry.

Table of Contents (ToC) of the report:

 

Chapter 5.    Private LTE Market, By Component

5.1.    Key trends, by component

5.2.    Product

5.2.1.    Product market estimates and forecast, 2015-2026

5.2.2.    Infrastructure

5.2.2.1.    Infrastructure market estimates and forecast, 2015-2026

5.2.2.2.    Evolved Packet Core (EPC)

5.2.2.2.1.    EPC market estimates and forecast, 2015-2026

5.2.2.3.    Backhaul

5.2.2.3.1.    Backhaul market estimates and forecast, 2015-2026

5.2.2.4.    eNodeB

5.2.2.4.1.    eNodeB market estimates and forecast, 2015-2026

5.2.3.    Device

5.2.3.1.    Device market estimates and forecast, 2015-2026

5.2.3.2.    Smartphones

5.2.3.2.1.    Smartphones market estimates and forecast, 2015-2026

5.2.3.3.    Handheld terminals

5.2.3.3.1.    Handheld terminals market estimates and forecast, 2015-2026

5.2.3.4.    Vehicular routers

5.2.3.4.1.    Vehicular routers market estimates and forecast, 2015-2026

5.2.3.5.    IoT modules

5.2.3.5.1.    IoT modules market estimates and forecast, 2015-2026

5.3.    Service

5.3.1.    Service market estimates and forecast, 2015-2026

5.3.2.    Consulting & training

5.3.2.1.1.    Consulting & training market estimates and forecast, 2015-2026

5.3.3.    Integration & maintenance

5.3.3.1.1.    Integration & maintenance market estimates and forecast, 2015-2026

5.3.4.    Managed service

5.3.4.1.1.    Managed service market estimates and forecast, 2015-2026

Chapter 6.    Private LTE Market, By Application

6.1.    Key trends, by application

6.2.    Public safety

6.2.1.    Public safety market estimates and forecast, 2015-2026

6.3.    Defense

6.3.1.    Defense market estimates and forecast, 2015-2026

6.4.    Mining

6.4.1.    Mining market estimates and forecast, 2015-2026

6.5.    Transportation

6.5.1.    Transportation market estimates and forecast, 2015-2026

6.6.    Energy

6.6.1.    Energy market estimates and forecast, 2015-2026

6.7.    Manufacturing

6.7.1.    Manufacturing market estimates and forecast, 2015-2026

6.8.    Others

6.8.1.    Others market estimates and forecast, 2015-2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/private-lte-market



About Author

Ronak Bora

Email: [email protected]   

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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