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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Exceptional Benefits, and Technological Advancements Propelling the Market Growth of Private LTE
Rapid digitalisation of economies and increasing standards of living, especially after the COVID-19 pandemic, are the crucial private LTE market trends. The growing penetration of the work-from-home model and online businesses is leading to a rise in demand for high-speed internet services with low cost. The benefits of private LTE, as it provides increased data speeds, prevents traffic from outside users, keeps high-risk information secure, reduces installation costs, and enables flexibility, are also invigorating the market. The 24*7 connectivity of private LTE is leading to its heightened use in the government sector as its deployment can help authorities respond to public concerns instantly. Furthermore, rapid technological advancements such as artificial intelligence, cloud technology, and the Internet of Things (IoT), among others, are expected to bolster the market growth in the coming years. In addition, the increasing adoption of compact smartphones is likely to pose as a critical private LTE market opportunity.
Private LTE Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for private LTE attained a value of approximately USD 5.82 billion.
The market is projected to grow at a CAGR of 10.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 14.47 billion by 2032.
The major market drivers include increasing digitalisation, especially in emerging economies, growing demand for cost-efficient high-speed internet services, and policies of various governments to develop infrastructure for private LTE.
The key private LTE market trends guiding the growth of the market include rapid technological advancements and increasing investments by key market players.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant components of private LTE in the market include infrastructure and services.
The different technologies of private LTE in the market include FDD and TDD.
The major deployment models of private LTE are centralised and distributed.
The primary frequency bands of private LTE in the market are licensed, unlicensed, and shared spectrum.
The major industry verticals for private LTE in the market include healthcare, manufacturing, government and defence, energy and utilities, oil and gas, and education, among others.
The major players in the market, according to the report, are AT&T Inc., Verizon Communications Inc., Deutsche Telekom AG, Vodafone Group Plc, Nokia Corporation, Huawei Technologies Co. Ltd., NEC Corporation, Boingo Wireless, Inc., Redline Communications Inc., Telefonaktiebolaget LM Ericsson, Pod Group, Kyndryl Inc., Airspan Networks Inc, ASOCS Ltd., Casa Systems Inc., Cisco Systems Inc., Comba Telecom Systems Holdings Limited, Commscope Inc., Druid Software Limited, Sierra Wireless Inc, Telefónica S.A., MegronTech Limited., Syniverse Technologies LLC, Cradlepoint, Inc., Qualcomm Incorporated, and Parallel Wireless Inc, among others.
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United States (Head Office)
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124