By deploying their own high capacity, high speed 4G mobile communications capability in the shape of a Private Long Term Evolution (LTE) network, professional organizations can enhance their operational efficiency, innovate more quickly, get closer to their customers and reduce their energy footprint.
A Private LTE network frees enterprises from the restrictions of conventional connectivity technologies such as Ethernet, which is secure and reliable but high cost and inflexible, and Wi-Fi, which offers low cost but also lower reliability. It can also support both human and machine communications on a single, reliable network that offers mobility without cumbersome portable radios and that opens up the world of the Internet of Things (IoT).
From the market perspective, private LTE and 5G as becoming the increasingly preferred approach for delivery in critical communication, industrial IoT, enterprise and campus environments, and public venues. With the introduction of more smart systems into the market, networks of the past are incapable of handling the diversity of growing devices and the increase in customer requirements. These sites will need the adoption of private LTE to meet their customer and industry demands as the internet of things presents connectivity challenges and requirements, such as mobility, security and low latency in applications like real-time surveillance, remote diagnostics and asset management.
In 2018, the global Private LTE market size was 2420 million US$ and it is expected to reach 4240 million US$ by the end of 2025, with a CAGR of 8.4% between 2019 and 2025.
In 2018, the global Private LTE market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Private LTE status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Private LTE development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
Market segment by Type, the product can be split into
Market segment by Application, split into
Public Safety and Defense
Oil & Gas
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Private LTE status, future forecast, growth opportunity, key market and key players.
To present the Private LTE development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
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.
In this study, the years considered to estimate the market size of Private LTE are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.