According to a research report “The global Private LTE Market size is projected to grow from USD 4.0 billion in 2020 to USD 7.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period published by MarketsandMarkets”. Major factors such as the need for unique and defined network quality are expected to drive the growth of the global private LTE market. However, the fragmented spectrum may limit the market growth. On the other hand, there are significant growth opportunities for private LTE vendors. The growing demand in industrial and commercial IoT and mobile robotics and ML are expected to shape the future of the private LTE market. The high initial cost of deployment may pose a challenge to market growth. Many countries are still facing challenges while investing in the infrastructure of LTE.
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Driver: Availability of unlicensed spectrums
such as CBRS and MulteFire bands
Enterprises can use
licensed and unlicensed spectrums to deploy private LTE networks globally.
Vendors have developed chipsets, infrastructure components, and Customer
Premises Equipment (CPE) that enable private LTE networks to run in two
unlicensed frequency bands: 5 GHz and 3.5 GHz. In the US, the 3.5 GHz is a part
of the Citizens Broadband Radio Service (CBRS) band and MulteFire function in a
5 GHz band across the globe except for the US. The availability of unlicensed
bands can pave the way for enterprises to deploy private LTE networks quickly
without the intervention of Mobile Network Operators (MNOs), who own these
license spectrum bands.
Opportunity: Emergence of industrial and
commercial IoT
Organizations across various verticals
are consistently trying to increase the use of IoT for automating their
processes and increasing the throughput. Hence, the proliferation of IoT and
associated technologies would create numerous opportunities for the private LTE
market. The private LTE network allows users to integrate diverse sensors,
machines, people, vehicles, and other devices across a wide range of
applications and usage circumstances. Any private LTE network takes care of
issues, such as reliability, service quality, security, and compliance. Companies
such as Nokia, Samsung, and Cisco are some of the major players that are
working toward the incorporation of private LTE networks in IoT. IIoT is
another major use case in the private LTE market
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Asia
Pacific (APAC) region to record the highest market share in the Private LTE
market in 2020
APAC is an emerging region in the private LTE market.
China, Japan, and Australia are the major countries contributing to the growth
in APAC. APAC also constitutes major economies, such as Singapore, South Korea,
and India. Japan, China, and Australia as essential for the growth of the private
LTE market in this region. Japan and China are the largest manufacturing
economies that produce automobiles, IT products, and electronic products.
Manufacturing paradigm has changed considerably with industry seeking advanced
technologies such as robotics and big data analytics becoming popular among
them.
Key and innovative vendors in the private LTE market
include Nokia ( Finland), Ericsson (Sweden), Huawei (China), ZTE (China), NEC
(Japan), Affirmed Networks (US), Athonet (Italy), Samsung (South Korea),
Redline communications (Canada), Airspan (US), Boingo Wireless (US), ASOCS
(Israel), Casa Systems (US), Cisco (US), Comba (Hong Kong), CommScope (US),
Druid Software (Ireland), ExteNet Systems (US), Fujitsu (Japan), Lemko (US),
Mavenir (US), Quortus (UK), Star Solutions (Canada), Tecore (US), Telrad
Networks (Israel), Wireless Excellence (UK), Accelleran (Belgium), Air-Lynx
(France), Altiostar (US), Amarisoft (France), Baicells Technologies (US),
Celona (US), IPLOOK (Hong Kong), JMA Wireless (US), Parallel Wireless (US),
Phluido (US), NetNumber (US), JI Technology (Japan), Verizon (US), Sierra
Wireless (Canada), Future Technologies (US), Ambra Solutions (Canada), URSYS
(Australia), Geoverse (US), and Cradlepoint (US). These vendors have adopted
many organic as well as inorganic growth strategies, such as new product
launches, and partnerships and collaborations, to expand their offerings and
market shares in the private LTE market.
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