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Global Private LTE Market to 2024 - Market is Expected to Register a CAGR of 12.63%DUBLIN, June 27, 2019 /PRNewswire/ -- The "Private LTE Market - Growth, Trends and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering. The private LTE market is expected to register a CAGR of 12.63% during the forecast period (2019 - 2024).
Scope of the Report For instance, In March 2019, Ericsson launched a private network solution that focussed on simplifying the deployment and management of 5G networks and private LTE for industrial enterprises with no prior experience of cellular network operations. The company pre-packed private LTE and 5G for various factories and warehouses. The solution aims to make cellular technology rapidly deployable for factory and warehouse staff. On Nov 2018, Nokia and China Unicom created a private LTE network for a BMW Brilliance Automotive Ltd. plant. The private LTE network is expected to support secure voice and data communication between staff at the plant as well as machine-to-machine interaction including wireless video monitoring, production line maintenance inspection, indoor navigation, industrial robots, and indoor navigation. Asia-Pacific Expected to Have Significant Growth Asia-Pacific region is expected to offer new market opportunities to the vendors of the private LTE network. Considering the growth of the private LTE market, Japan, China, and Australia are essential countries in APAC. Japan and China are the most significant manufacturing economies that produce automobiles, information technology products, and electronic products. The market growth of private LTE in this region is due to the factors, such as the rise in M2M communications, increased smartphone penetration and is supported by the penetration of IoT platforms across various industry verticals such as healthcare, transportation, and manufacturing. This is increasing the demand for private IoT networks enabling enterprises to incorporate different devices for increased reliability and security. The growth of private LTE is also attributed to several efforts taken by the government authorities and telecom companies for the deployment of LTE technology in mission-critical applications. For instance, In June 2018, the South Korean government committed an investment of USD 1.6 billion to set up a nationwide public safety network based on LTE technology by 2020. Competitive Landscape The private LTE market is consolidated and it is dominated by major players present in the market. There are various mergers and acquisitions taking place in this market and many major companies are investing heavily in the R&D activities. September 2018: Ericsson signed an agreement to acquire CENX, a provider of closed-loop automation and service assurance capabilities. July 2018: Quortus partnered with Fujitsu on cellular core network technology for private LTE. Under the deal, Fujitsu deployed Quortus' network products as a part of its private LTE solutions for enterprises, telecom operators, and large organizations in Japan. May 2018: Ericsson partnered with Verizon, Qualcomm, and Federated Wireless for commercial deployment of LTE on the CBRS wireless spectrum ecosystem in the US. Key Topics Covered: 1 INTRODUCTION 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Industry Attractiveness - Porter's Five Force Analysis 5 MARKET DYNAMICS 5.1 Market Drivers 5.1.1 Increasing Adoption Of Isolated Systems 5.1.2 Adoption Of Smartphones 5.2 Market Challenges 5.2.1 Requirements For Authorized License 6 TECHNOLOGY SNAPSHOT 7 MARKET SEGMENTATION 7.1 By End-user Industry 7.1.1 Industrial (Public Safety, Supply Chain Management, Utilities, Manufacturing) 7.1.2 Healthcare 7.1.3 Enterprise 7.1.4 Other End-user Industries 7.2 Geography 8 COMPETITIVE LANDSCAPE 8.1 Company Profiles 8.1.1 Arris International Inc. 8.1.2 Quortus Ltd. 8.1.3 Redline Communications Inc. 8.1.4 NEC Corporation 8.1.5 Luminate Wireless Inc. 8.1.6 Huawei Technologies Co. Ltd. 8.1.7 Ruckus Networks Inc. 8.1.8 Qualcomm Technologies Inc. 8.1.9 Future Technologies Pvt. Ltd. 8.1.10 Sierra Wireless Inc. 9 INVESTMENT ANALYSIS 10 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/k59nx9 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-private-lte-market-to-2024---market-is-expected-to-register-a-cagr-of-12-63-300875480.html SOURCE Research and Markets |