Private LTE Market Size is Expected To Reach USD 4240 Million By 2025 - Valuates Reports
BANGALORE, India, June 29, 2020 /PRNewswire/ -- In 2018, the global Private LTE market size was 2420 Million USD and it is expected to reach 4240 Million USD by the end of 2025, with a CAGR of 8.4% during 2019-2025.
Private LTE is a standards-based LTE network scaled down to fit the needs of entities. Private LTE networks are based on wide-area mobility technologies and can easily be adapted for deployment in private organizations. Organizations that use a private LTE network can control their networking environment, which allows them to modify and optimize the networking technology to meet their needs.
This report focuses on the global Private LTE status, future forecast, growth opportunity, key market and key players.
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TRENDS INFLUENCING PRIVATE LTE MARKET SIZE
PRIVATE LTE MARKET SHARE ANALYSIS
Based on Application, the Transportation segment is expected to hold a significant Private LTE market share during the forecast period. Private LTE solutions provide service for various transport applications, including real-time surveillance, signaling data transfer, remote maintenance & control, vehicle internet, and vehicle information system.
Based in Type, the FDD segment is expected to hold the largest Private LTE market share.
Based on Region, due to the rising adoption of IoT platforms in various sectors like retail, manufacturing, and transportation in the Asia pacific region, the Private LTE market is expected to see a significant growth during the forecast period. IoT's exponential growth has sparked competition for private IoT networks. This has also allowed businesses to enhance resilience and security in their networks. Moreover, multiple spectrum and regulatory requirements adopted by regional governments are increasing the adoption of Private LTE networks.
North America is expected to hold the largest private LTE market share in 2018 and is expected to dominate during the forecast period as well. Increased LTE adoptionto meet demand for low-latency networks within mission-critical communication and industrial IoT applications are the main factors contributing to the region's market development.
PRIVATE LTE MARKET SEGMENTATION
Market segment by Regions/Countries, this report covers
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The key players covered in this study
Market segment by Type, the product can be split into
Market segment by Application, split into
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