Title: Global Private LTE Market Size, Trends & Analysis – Forecasts To 2026
1GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Global Private LTE Market Size,
Trends Analysis Forecasts To 2026 The
global private LTE market was estimated to
generate revenue of USD 653.7 million in 2018,
and is expected to reach USD 10,717.4 million by
2026. The market is expected to grow at an
exponential CAGR of 41.85 during the forecast
period. The primary factors driving the market
are the growing applications of private LTE
across verticals such as healthcare, mining, oil
gas, manufacturing, transportation and military
among others. Factors such as need for accuracy,
efficiency and enhanced security by enterprises
and Governments along with steady rise in
investments in the sector are some factors sure
to have a positive impact on growth in the
market. Further, increasing innovation in private
LTE services and rising deployment of the
network in business operations is likely to
further boost the market.
Private LTE Market By Product Type On the basis
of product type, the private LTE market can be
segmented into LTE-TDD and LTE-FDD. The LTE-FDD
segment is expected to hold the largest market
share in terms of revenue. This high market
share can be attributed to extensive use of
LTE-FDD in traditional cellular voice and data
services. However, the LTE-TDD segment is
projected to register the highest CAGR during
the forecast period. Factors such as lower use of
spectrum and low deployment cost are some
factors contributing to high growth rate of the
segment.
2GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Private LTE Market By Industry
Vertical The private LTE market can be segmented
into transportation, military defense,
manufacturing industrial, oil gas, mining,
electrical utilities and healthcare based on the
industry vertical. The mining segment is expected
to hold the largest market share in terms of
revenue with estimated revenue. This growth can
be attributed to growing potential for private
LTE deployment in remote areas where connectivity
and communication is crucial. The military and
defense applications of private LTE are estimated
to hold the second largest market share in terms
of revenue. Private LTE Market Regional
Insights North America is expected to dominate
the market for private LTE during the forecast
period with the U.S. accounting for its major
share. The North American market is driven by
rise in deployment of private LTE among small
and medium sized enterprises and rising
technological advancement. Asia Pacific is
estimated to be the fastest growing market with a
high CAGR during the coming years. Investment
opportunities in countries such as India and
China along with growing applications of private
LTE are some factors driving growth in the
market. Private LTE Market Vendor Landscape The
report contains a chapter dedicated to vendors
operating in the market, covering raw material
manufactures, equipment developers,
manufacturers, and distributors. The report
provides these insights on a regional level. This
section of the report entails contact details,
experience, products manufactured/supplied, and
geographical presence of companies.
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