The market is expected to grow USD 3576.55 million in 2020 to USD 9780.67 million by 2028, at a CAGR of 13.40% during the forecast period 2021-2028.
A private LTE network utilizes small cells & localized micro towers to produce coverage and device connectivity, similar to WiFi entrance points. In terms of capabilities, it works as a public cellular network, only scaled down. Private LTE is a 4G networking technology that provides secure, reliable, and fast connectivity. It offers many LTE advantages, including lower latency, more immediate data transfer, and attaching more than one device.
The factors driving the market are improved efficiency through secure control of operations, lower latency & high bandwidth, increasing deployment of private LTE networks in public safety agencies, requiring unique and defined network qualities, availability of unlicensed spectrums, and the usage of IoT in smart cities & building. The factors restraining the market growth are frequency bands interference, interoperability issues, and the high cost of deployment. The opportunities for market growth are the increasing digital transformation initiatives in industrial enterprises, the emergence of industrial and commercial IoT, the convergence of 5G and private LTE, and the high adoption of robotics & machine learning methods. The market growth challenges are leasing licensed frequency bands and the high initial cost of deploying network infrastructure.
This study delivers a comprehensive analysis of application, deployment, component, technology, and region. The application segment includes defense, manufacturing, transport, public safety, mining, and energy. The public safety segment held the largest market share in the year 2020 due to the growing device connections, and companies are facing more data & network safety issues. The deployment segment includes distributed and centralize. The distributed segment held the largest market share in the year 2020, owing to more flexibility & more scalability. The component segment includes services and infrastructure. The infrastructure segment held the largest market share in the year 2020, owing to it assists end-users to make quick & hassle-free data connections and internet calls, and online streaming. Also, it enables companies to manage the data related to confidential work securely and enhance interaction and communication through utilizing a real-time messaging method. The technology segment includes TDD and FDD. The FDD segment held the largest market share in the year 2020, owing to the execution of private LTE is further helping telecommunication & IT, energy & utility, oil & gas teams of large companies attain more reliable and high-speed personalize private LTE networks. In addition, the flexibility in the opting uplink to downlink data rate ratios, capability to execute in the non-paired spectrum, capacity to exploit channel mutuality & less complicated trance recipient design are the impel factors of growth of the segment.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share in the U.S., owing to the increased LTE adoption to meet the demand for low-latency networks within mission-critical communication & industrial IoT applications. Asia Pacific is expected to witness significant growth, owing to the strong economic growth and the ongoing development in the telecom area that drives companies to invest heavily in private LTE to sustain growth and enhance productivity.
Some of the notable players in the market are Huawei Technologies Co., Ltd, Cisco Systems, Inc., Verizon Communications, Inc., Ericsson, Future Technologies, Inc., Nokia, Samsung, Sierra Wireless, Inc., NetNumber, Inc., CommScope Inc., Druid Software, and Star Solutions.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Application
4.3.2. Market Attractiveness Analysis By Deployment
4.3.3. Market Attractiveness Analysis By Component
4.3.4. Market Attractiveness Analysis By Technology
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Availability of unlicensed spectrums
5.2.2. Increasing deployment of private LTE networks in public safety agencies
5.2.3. Improved efficiency through secure control of operations
5.3. Restraints
5.3.1. Frequency bands interference
5.3.2. High cost of deployment
5.4. Opportunities
5.4.1. The emergence of industrial and commercial IoT
5.4.2. High adoption of robotics and machine learning systems
5.5. Challenges
5.5.1. The high initial cost of deploying network infrastructure
6. Global Private LTE Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2. Defense
6.3. Manufacturing
6.4. Transport
6.5. Public Safety
6.6. Mining
6.7. Energy
7. Global Private LTE Market Analysis and Forecast, By Deployment
7.1. Segment Overview
7.2. Distributed
7.3. Centralize
8. Global Private LTE Market Analysis and Forecast, By Component
8.1. Segment Overview
8.2. Services
8.3. Infrastructure
9. Global Private LTE Market Analysis and Forecast, By Technology
9.1. Segment Overview
9.2. TDD
9.3. FDD
10. Global Private LTE Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Private LTE Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Private LTE Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Deployment Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Huawei Technologies Co., Ltd
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Deployment Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Cisco Systems, Inc.
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Deployment Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Verizon Communications, Inc
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Deployment Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Ericsson
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Deployment Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Future Technologies, Inc.
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Deployment Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Nokia
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Deployment Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Samsung
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Deployment Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Sierra Wireless, Inc
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Deployment Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. NetNumber, Inc
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Deployment Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. CommScope Inc.,
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Deployment Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. Druid Software
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Deployment Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. Star Solutions
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Deployment Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
List of Table
1. Global Private LTE Market, By Application, 2021-2028 (USD Million)
2. Global Defense, Private LTE Market, By Region, 2021-2028 (USD Million)
3. Global Manufacturing, Private LTE Market, By Region, 2021-2028 (USD Million)
4. Global Transport, Private LTE Market, By Region, 2021-2028 (USD Million)
5. Global Public Safety, Private LTE Market, By Region, 2021-2028 (USD Million)
6. Global Mining, Private LTE Market, By Region, 2021-2028 (USD Million)
7. Global Energy, Private LTE Market, By Region, 2021-2028 (USD Million)
8. Global Private LTE Market, By Deployment, 2021-2028 (USD Million)
9. Global Distributed, Private LTE Market, By Region, 2021-2028 (USD Million)
10. Global Centralize, Private LTE Market, By Region, 2021-2028 (USD Million)
11. Global Private LTE Market, By Component, 2021-2028 (USD Million)
12. Global Services, Private LTE Market, By Region, 2021-2028 (USD Million)
13. Global Infrastructure, Private LTE Market, By Region, 2021-2028 (USD Million)
14. Global Private LTE Market, By Technology, 2021-2028 (USD Million)
15. Global TDD, Private LTE Market, By Region, 2021-2028 (USD Million)
16. Global FDD, Private LTE Market, By Region, 2021-2028 (USD Million)
17. North America Private LTE Market, By Application, 2021-2028 (USD Million)
18. North America Private LTE Market, By Deployment, 2021-2028 (USD Million)
19. North America Private LTE Market, By Component, 2021-2028 (USD Million)
20. North America Private LTE Market, By Technology, 2021-2028 (USD Million)
21. U.S. Private LTE Market, By Application, 2021-2028 (USD Million)
22. U.S. Private LTE Market, By Deployment, 2021-2028 (USD Million)
23. U.S. Private LTE Market, By Component, 2021-2028 (USD Million)
24. U.S. Private LTE Market, By Technology, 2021-2028 (USD Million)
25. Canada Private LTE Market, By Application, 2021-2028 (USD Million)
26. Canada Private LTE Market, By Deployment, 2021-2028 (USD Million)
27. Canada Private LTE Market, By Component, 2021-2028 (USD Million)
28. Canada Private LTE Market, By Technology, 2021-2028 (USD Million)
29. Mexico Private LTE Market, By Application, 2021-2028 (USD Million)
30. Mexico Private LTE Market, By Deployment, 2021-2028 (USD Million)
31. Mexico Private LTE Market, By Component, 2021-2028 (USD Million)
32. Mexico Private LTE Market, By Technology, 2021-2028 (USD Million)
33. Europe Private LTE Market, By Application, 2021-2028 (USD Million)
34. Europe Private LTE Market, By Deployment, 2021-2028 (USD Million)
35. Europe Private LTE Market, By Component, 2021-2028 (USD Million)
36. Europe Private LTE Market, By Technology, 2021-2028 (USD Million)
37. Germany Private LTE Market, By Application, 2021-2028 (USD Million)
38. Germany Private LTE Market, By Deployment, 2021-2028 (USD Million)
39. Germany Private LTE Market, By Component, 2021-2028 (USD Million)
40. Germany Private LTE Market, By Technology, 2021-2028 (USD Million)
41. France Private LTE Market, By Application, 2021-2028 (USD Million)
42. France Private LTE Market, By Deployment, 2021-2028 (USD Million)
43. France Private LTE Market, By Component, 2021-2028 (USD Million)
44. France Private LTE Market, By Technology, 2021-2028 (USD Million)
45. U.K. Private LTE Market, By Application, 2021-2028 (USD Million)
46. U.K. Private LTE Market, By Deployment, 2021-2028 (USD Million)
47. U.K. Private LTE Market, By Component, 2021-2028 (USD Million)
48. U.K. Private LTE Market, By Technology, 2021-2028 (USD Million)
49. Italy Private LTE Market, By Application, 2021-2028 (USD Million)
50. Italy Private LTE Market, By Deployment, 2021-2028 (USD Million)
51. Italy Private LTE Market, By Component, 2021-2028 (USD Million)
52. Italy Private LTE Market, By Technology, 2021-2028 (USD Million)
53. Spain Private LTE Market, By Application, 2021-2028 (USD Million)
54. Spain Private LTE Market, By Deployment, 2021-2028 (USD Million)
55. Spain Private LTE Market, By Component, 2021-2028 (USD Million)
56. Spain Private LTE Market, By Technology, 2021-2028 (USD Million)
57. Asia Pacific Private LTE Market, By Application, 2021-2028 (USD Million)
58. Asia Pacific Private LTE Market, By Deployment, 2021-2028 (USD Million)
59. Asia Pacific Private LTE Market, By Component, 2021-2028 (USD Million)
60. Asia Pacific Private LTE Market, By Technology, 2021-2028 (USD Million)
61. Japan Private LTE Market, By Application, 2021-2028 (USD Million)
62. Japan Private LTE Market, By Deployment, 2021-2028 (USD Million)
63. Japan Private LTE Market, By Component, 2021-2028 (USD Million)
64. Japan Private LTE Market, By Technology, 2021-2028 (USD Million)
65. China Private LTE Market, By Application, 2021-2028 (USD Million)
66. China Private LTE Market, By Deployment, 2021-2028 (USD Million)
67. China Private LTE Market, By Component, 2021-2028 (USD Million)
68. China Private LTE Market, By Technology, 2021-2028 (USD Million)
69. India Private LTE Market, By Application, 2021-2028 (USD Million)
70. India Private LTE Market, By Deployment, 2021-2028 (USD Million)
71. India Private LTE Market, By Component, 2021-2028 (USD Million)
72. India Private LTE Market, By Technology, 2021-2028 (USD Million)
73. South America Private LTE Market, By Application, 2021-2028 (USD Million)
74. South America Private LTE Market, By Deployment, 2021-2028 (USD Million)
75. South America Private LTE Market, By Component, 2021-2028 (USD Million)
76. South America Private LTE Market, By Technology, 2021-2028 (USD Million)
77. Brazil Private LTE Market, By Application, 2021-2028 (USD Million)
78. Brazil Private LTE Market, By Deployment, 2021-2028 (USD Million)
79. Brazil Private LTE Market, By Component, 2021-2028 (USD Million)
80. Brazil Private LTE Market, By Technology, 2021-2028 (USD Million)
81. Middle East and Africa Private LTE Market, By Application, 2021-2028 (USD Million)
82. Middle East and Africa Private LTE Market, By Deployment, 2021-2028 (USD Million)
83. Middle East and Africa Private LTE Market, By Component, 2021-2028 (USD Million)
84. Middle East and Africa Private LTE Market, By Technology, 2021-2028 (USD Million)
85. UAE Private LTE Market, By Application, 2021-2028 (USD Million)
86. UAE Private LTE Market, By Deployment, 2021-2028 (USD Million)
87. UAE Private LTE Market, By Component, 2021-2028 (USD Million)
88. UAE Private LTE Market, By Technology, 2021-2028 (USD Million)
89. South Africa Private LTE Market, By Application, 2021-2028 (USD Million)
90. South Africa Private LTE Market, By Deployment, 2021-2028 (USD Million)
91. South Africa Private LTE Market, By Component, 2021-2028 (USD Million)
92. South Africa Private LTE Market, By Technology, 2021-2028 (USD Million)
List of Figures
1. Global Private LTE Market Segmentation
2. Global Private LTE Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Private LTE Market Attractiveness Analysis By Application
9. Global Private LTE Market Attractiveness Analysis By Deployment
10. Global Private LTE Market Attractiveness Analysis By Component
11. Global Private LTE Market Attractiveness Analysis By Technology
12. Global Private LTE Market Attractiveness Analysis By Region
13. Global Private LTE Market: Dynamics
14. Global Private LTE Market Share By Application(2021 & 2028)
15. Global Private LTE Market Share by Deployment (2021 & 2028)
16. Global Private LTE Market Share by Component (2021 & 2028)
17. Global Private LTE Market Share by Technology (2021 & 2028)
18. Global Private LTE Market Share by Regions (2021 & 2028)
19. Global Private LTE Market Share by Company (2020)
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