Private LTE market size to reach USD 10.78 billion in 2028

VANCOUVER, BC, December 9, 2021 / PRNewswire / – The World private LTE market size should reach $ 10.78 billion to a revenue CAGR of 12.8% in 2028, according to the latest analysis from Emergen Research. The steady growth in revenues of the global private market from long term developments can be attributed to the increasing demand for secure wireless network connectivity. The private LTE network offers the advantage of protecting data through an on-premises corporate firewall, thus providing a higher standard of security. The private LTE network is particularly suitable for the Internet of Things (IoT) on the move, due to its ability to provide uninterrupted transfers to other networks while moving out of range of on-premises access points while offering similar levels of enhanced security.

Growing demand for more scalable and improved bandwidth to increase network speed is a key factor propelling the revenue growth of the private LTE market. The growing penetration of smart devices, such as smartphones, and the presence of an immense number of applications are driving a critical need for secure networks in many businesses. In addition, the emergence of Industry 4.0 is driving the demand for private LTE networks in the manufacturing industry due to increased investments in automation and Machine to Machine (M2M) communication which are essential to increase economies of scale.

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Some highlights of the report

  • In January 2021, Communications Technology Services (CTS) has announced the acquisition of ClearSky Technologies to develop a solid foundation for the use of LTE and 5G private networks.
  • Among technology segments, Time Division Duplex (TDD) segment revenue is expected to register rapid growth rate during the forecast period. TDD benefits operators by enabling efficient use of spectrum and is deployed for resource requirements on the basis of quality of application and service, through dynamic allocation of time slots without altering the band. allocated bandwidth. Time duplex is suitable for unpaired spectrum configurations requiring asymmetric data rates.
  • Among application segments, mining segment revenue is expected to register rapid growth rate during the forecast period. The digital transformation of the mining sector is essential for the global economy and the development of a country’s infrastructure. Digitization is needed to adapt to different demands, control operating expenses and respond to growing concerns for environmental safety and the introduction of new levels of automation in mining facilities. Increasing digitization will also lead to an increase in demand for high-speed and secure network technologies such as private LTE.
  • Private LTE market in Asia Pacific is expected to register the fastest revenue CAGR during the forecast period which can be attributed to increasing demand from countries such as China, South Korea, Japan, Singapore, and Australia. In addition, the growing demand for automation in the manufacturing sector of countries in the region is expected to continue to drive the revenue growth of the market.
  • Leading companies in the market report are Huawei Technologies Co. Ltd., Athonet SRL, Airspan Networks, Nokia Corporation, NEC Corporation, Ericsson, Samsung, Fujitsu Ltd., ZTE Corporation, and Affirmed Networks.

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Emergen Research has segmented the Global private LTE market on the basis of offer, technology, mode of deployment, spectrum, application and region:

  • Supply Outlook (Revenue, USD Billion; 2018-2028)
    • Infrastructure
      • a. Mobile backbone network
      • b. Radio Access Network (RAN)
      • vs. Return
    • Services
      • a. Consultant
      • b. Assistance and maintenance
      • vs. Integration & Deployment
      • D. Managed Services
  • Technology Outlook (Revenue, USD Billion; 2018-2028)
    • Frequency Division Duplex (FDD)
    • Time Division Duplex (TDD)
  • Deployment Mode Outlook (Revenue, billion USD; 2018-2028)
  • Spectrum Outlook (Revenue, USD Billion; 2018-2028)
    • Without license
    • Authorized
    • share
  • Application Outlook (Revenue, USD Billion; 2018-2028)
    • Utilities
    • Manufacturing
    • Mining
    • Government
    • Public security
    • Logistics and transport
    • Health care
    • Others

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  • Regional Outlook (Revenue, USD Billion; 2018-2028)
    • North America
      • a. we
      • b. Canada
      • vs. Mexico
    • Europe
      • a. Germany
      • b. UK
      • vs. France
      • D. Italy
      • e. Spain
      • F. Sweden
      • g. BLESS
      • h. Rest of Europe
    • Asia Pacific
      • a. China
      • b. India
      • vs. Japan
      • D. South Korea
      • e. Rest of APAC
    • Latin America
      • a. Brazil
      • b. Rest of LATAM
    • Middle East & Africa
      • a. Saudi Arabia
      • b. United Arab Emirates
      • vs. South Africa
      • D. Israel
      • e. Rest of the MEA

Read the full description and table of contents @ https://www.emergenresearch.com/industry-report/private-long-term-evolution-market

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About emerging research

Emergen Research is a market research and consulting firm that provides syndicated research reports, custom research reports, and consulting services. Our solutions are uniquely focused on your goal to locate, target and analyze changes in consumer behavior across demographics and industries, and help customers make smarter business decisions. We offer market intelligence studies ensuring relevant and evidence-based research across multiple industries including healthcare, touchpoints, chemicals, types, and energy. We are constantly updating our research offerings to ensure that our clients are up to date with the latest trends that exist in the market. Emergen Research has a solid base of experienced analysts from various fields of expertise. Our industry experience and our ability to develop a practical solution to any research problem gives our clients the opportunity to gain an edge over their respective competitors.

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