Global Private LTE Market Research Report: by Technology (TDD and FDD), by Services (Professional Services and Managed Services), by Professional Services (Consulting Services, Support and Maintenance Services and Integration and Deployment Services), by Spectrum Band (MulteFire, CBRS and LAA), by Application (Worker Safety Monitoring and Remote Diagnostics & Predictive Maintenance) and Region (North America, Asia-Pacific, Europe, the Middle East and Africa and South America) - Forecast till 2024Market Overview:According to MRFR analysis, the global private LTE market was valued at USD 2,449.4 million in 2018 and is expected to reach USD 5,381.9 Million by 2024, registering a CAGR of 14.7% during the forecast period.
The Private LTE Market has been segmented based on technology, services, spectrum band, application, industry vertical, and region.Major Key Players:Some of the prominent vendors players in the global private LTE market include are Nokia Corporation (Finland), LM Ericsson (Sweden), Qualcomm Incorporated (US), ARRIS International Limited (US), Sierra Wireless (Canada), Future Technologies, LLC (US), Boingo Wireless, Inc (US), Verizon (US), Cisco Systems, Inc. (US), SAMSUNG (South Korea), Casa Systems (US), General Dynamics Mission Systems, Inc. (US), Huawei Technology Co. Ltd (China), and NetNumber Inc.(Netherlands).Apart from the aforementioned players, the other vendors operating in the global private LTE market include Athonet SRL (Italy), Mavenir (US), Ambra Solutions Inc. (Canada), Zinwave (US), Star Solutions (Canada), LEMKO Corporation (US), PDVWIRELESS (US), Quortus Limited (UK).Request a Free Sample@ https://www.marketresearchfuture.com/sample_request/7957Segments:By technology, the global private LTE market has been bifurcated into time division duplex (TDD) and frequency division duplex (FDD).
The TDD segment is expected tohave a larger market share and is projected to dominate the market during the forecast period.
The market growth is due to its flexibility in selecting uplink to downlink data rate ratios, the capability to work on channel reciprocity and in the non-paired spectrum, and lesser complexity in designing transceivers.
The need for a customized solution for private LTE to is likely to fuel the market growth of the professional services segment over the review period.On the basis of spectrum band, the market has been categorized as Licensed Shared Access (LSA), Licensed-Assisted Access (LAA), MulteFire, and Citizens Broadband Radio Service (CBRS).
These spectrum bands are initial phase of deployment and companies are gradually adopting these unlicensed spectrum band to increase their network capacity and reduce network deployment costs.By application, the global private LTE market has been divided into real-time surveillance, operations visibility & optimization, authentication and access control, worker safety monitoring, remote diagnostics & predictive maintenance, logistics and supply chain management, asset management, and uptime assurance.