The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Smartphone adoption is projected to stimulate innovation in private LTE manufacturing, propelling the market during the forecast period.

The global private LTE market 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 market is expected to reach $7.85 billion in 2027 at a CAGR of 12.5%.

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Global Private LTE Market Segments Include:

• By Component: Infrastructure, Services
• By Technology: Frequency-Division Duplexing, Time Division Duplexing
• By Deployment Model: Centralized, Distributed
• By Applications: Public Safety, logistics And Supply Chain, Asset Management
• By End User: Utilities, Mining, Oil And Gas, Manufacturing, Transportation And Logistics, Government And Public Safety, Healthcare, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global private LTE market in 2021.

Major Market Players in the private LTE market include Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., ZTE Corporation, Cisco Corporation, Verizon Communications Inc., Qualcomm Technologies Inc., Ruckus Networks, Future Technologies Inc., Comba Telecom Systems Holdings Ltd.

Technological developments are a major trend that is gaining traction in the private LTE market. To maintain their market position, major businesses in the private LTE market are producing technologically superior solutions. For example, Nippon Telegraph and Telephone Corporation (NTT), a Japan-based technology and business solutions provider, introduced NTT’s Private 5G platform (P5G) in August 2021, the first worldwide available private LTE/5G network-as-a-service platform. Businesses can dynamically encrypt, grow, and segment their networks thanks to the platform’s pre-integrated agreements with key network and software vendors. With its patent-pending MicroSlicing technology, NTT P5G’s unique feature enables mission-critical apps to reap the benefits of private 5G.

The  provides a private LTE market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The private LTE market forecast analyzes private LTE market size, private LTE market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Private LTE is a privately owned cellular network composed of several components such as radio equipment (both indoor and outdoor), mobile core software, SIM cards, and network orchestration software that may be modified to match the specific demands of an organisation.

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