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Private LTE Market Size To Reach USD 10.77 Billion In 2028 | Rising Demand For High-Speed And Secured Wireless Network Is Driving Private LTE (Long-Term Evolution) Market Revenue Growth, Says Reports and DataNEW YORK, March 10, 2022 /PRNewswire/ -- The global private LTE market size is expected to reach USD 10.77 Billion in 2028 and register a revenue CAGR of 12.8% over the forecast period, according to the latest report by Reports and Data. Revenue growth of private LTE market is expected to be due to rising demand for secure and faster network globally. Various advantages of private LTE include low latency, high speed, improved security, consistent performance, expended range, and interoperability, and it is also economical as it has low deployment costs. Private LTE uses digital protocols and security technology, similar to cellular network's security protocols followed currently, and can be easily updated when required. Private LTE networks can be controlled through SIM card-based credentials, and all the data is stored on a local network, which makes the data secure from any cyber-attack. As private LTE networks rely on same technology as commercial networks, companies can take advantages of technological advancements as and when these are developed such as latest LTE features or an upgrade to 5G technology. Private LTE scales to meet organization needs and can easily accommodate low- and high- rate of data, Internet of Things (IoT), and machine-to-machine systems, etc. Additionally, demand for high-speed and strong network is increasing in parallel with growing adoption of autonomous facilities such as driverless cars and robots. 5G is expected to take over 4G in the near future, LTE is also taking over Wi-Fi. Billions of devices are generating small amounts of data, and with this, congestion-less connections have become inevitable, which is creating a robust demand for private LTE. Request a Sample Report – @ https://www.reportsanddata.com/sample-enquiry-form/1116 However, Denial of Service (DoS) in private LTE can hamper market revenue growth. DoS attacks a device that denies connectivity or access to specific connected service. As companies are deploying 5G networks to improve performance of connected devices, a DoS attack can harm perfectly organized process, and can shut down the entire facility, resulting in heavy financial losses. Nevertheless, focus and investments of major players on development of security systems to protect private LTE from DOS can offer revenue opportunities for major players operating in the global market. Some Key Highlights from the Report
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For the purpose of this report, Reports and Data has segmented the global private LTE market based on technology, component, deployment model, end-use, and region:
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