The Private LTE Global Market Report 2023, provides comprehensive information on the private lte market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global private LTE market size is expected to grow from $4.33 billion in 2022 to $4.90 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global private LTE market size is expected to grow to $7.85 billion in 2027 at a CAGR of 12.5%.
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Technological advancements are a key trend gaining popularity in the private LTE market. Major companies operating in the private LTE market are developing technologically advanced solutions to sustain their position in the market. For instance, in August 2021, Nippon Telegraph and Telephone Corporation, commonly known as NTT, a Japan-based technology and business solutions provider, launched NTT’s Private 5G platform (P5G), the first globally available private LTE/5G network-as-a-service platform. The platform’s pre-integrated partnerships with top network and software providers enable businesses to dynamically secure, scale and segment their networks. NTT P5G’s unique feature enables mission-critical apps to take advantage of the benefits of private 5G with its patent-pending MicroSlicing technology.
The private lte market is segmented:
1) By Component: Infrastructure, Services
2) By Technology: Frequency-Division Duplexing, Time Division Duplexing
3) By Deployment Model: Centralized, Distributed
4) By Applications: Public Safety, logistics And Supply Chain, Asset Management
5) By End User: Utilities, Mining, Oil And Gas, Manufacturing, Transportation And Logistics, Government And Public Safety, Healthcare, Other End Users
North America was the largest region in the private lte market in 2022.
The table of contents in TBRC’s private lte market report includes:
1. Executive Summary
2. Private LTE Market Characteristics
3. Private LTE Market Trends And Strategies
4. Private LTE Market – Macro Economic Scenario
5. Private LTE Market Size And Growth
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26. Africa Private LTE Market
27. Private LTE Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Private LTE Market
29. Private LTE Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Nokia Corporation
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co
- ZTE Corporation
- Cisco Corporation
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