Private LTE market forecast to witness phenomenal growth opportunities by 2024

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 Private LTE market share research by
applications and regions for 2018-2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of  Private LTE Market

• The industrial applications of private LTE
  network market include real-time surveillance,
  operations visibility optimization,
  authentication access control, worker safety
  monitoring, remote diagnostics predictive
  maintenance, asset management, and uptime
  assurance. For instance, manufacturing equipment,
  hoist cranes in shipping ports, and vehicles that
  can predict when and why they are likely to fail
  and alert the service organization before the
  failure occurs and, in some cases, fix themselves
  without any human interference. Also, in
  healthcare facilities, accurate and
  up-to-the-minute patient information is always
  available.
• The availability of information is due to the
  fact that every piece of equipment, from digital
  thermometers to life-support machines, is
  networked and associated with a patient ID. This
  reduces the death rate and improves the life
  expectancy ratio of the country using private
  LTE.

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• Private LTE Market size is driven by the rising
  adoption of the network intelligence in
  business-critical systems. The standardization by
  the MCPTT (Mission Critical Push to Talk) by the
  3GPP (The 3rd Generation Partnership Project) is
  driving the market growth. With standardization,
  LTE has been viewed as a critical communication
  platform for the delivery of the mission-critical
  applications such as real-time surveillance and
  PTT group communication. This will encourage the
  adoption of the private LTE by the critical
  communication industry and public safety agencies
  such as railway operators.
• The rising utilization of internet services in
  smart-phones, tablets, and laptops has globalized
  the demand for broadband services. The growing
  need for high-speed data and improved spectral
  efficiency are the primary factors influencing
  the market growth. Moreover, the advent of new
  mobile applications and disruptions in the
  technology that provide video calls, video
  streaming, on-demand videos, and real-time
  functioning features has enhanced the necessity
  for high-speed mobile device broadband internet
  facility.
• Applications of LTE in the public sector for
  safety as well as in other sectors such as
  defense and security are further fueling the
  market revenue. The high-speed communication is
  required in these sectors for emergency
  situations and this makes LTE the best-suited
  service to fulfill the needs.

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• Some of the noticeable benefits of the network
  are reliability in day-to-day operations and
  higher throughput that is a measure of how many
  units of information a system can process in a
  given amount of time, mobility, security, low
  latency, and simplified network management.
• The trends of LTE Advanced, Broadcast, FDD
  (Frequency Division Duplex), TDD (Time Division
  Duplex), Direct Proximity Services, Advanced
  Carrier Aggregation, and 5G network are
  continuously growing in the market. LTE Advanced
  is an improved technology and offers better
  coverage, speed, and stability in the network.
  The LTE Broadcast is an application of the
  technology for distributing the same content to
  different users efficiently at the same time. FDD
  TDD are the modes used for effectively and
  securely transmitting receiving the signals and
  improving the speed of the network.
• North America accounts for the majority share in
  the private LTE market due to technological
  advancements and the availability of
  infrastructure. Asia Pacific is anticipated to be
  an emerging market for the LTE devices owing to
  the increasing demand for devices from countries
  including China and India. Europe faces certain
  government-related issues for spectrum auctions
  leading to a slow growth in the region.

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• The key companies in the private LTE market space
  are Qualcomm, Apple, Airwatch, ATT, Cisco, LG
  Plus, Broadcom, D-Link, Dell, Google, Huawei,
  Intel, Netgear, Ubiquiti, Verizon, Zebra
  technologies, KT, SK Telecom, and Nokia Networks.
  It is observed that the Private LTE network
  service providers are using product development
  and innovation as the business strategy and
  continuously evolving in the field of technology.
  
• For instance, in February 2018, Qualcomm launched
  an optimized full 5G module with digital and
  solutions whereby phone or other device-makers
  (such as cars, Connected PCs, tablets, and
  hotspots) can more easily and quickly develop
  their own 5G products. Furthermore, in June 2018,
  Nokia launched a cross-domain architecture
  service offering the operators to shift from
  multivendor end-to-end networks to 5G.

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Methodology

• Market
  research reports Key analytical components

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