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Global $4.5 Billion Private LTE Market by Technology, Service, Application, Industry and Region - Forecast to 2023 - ResearchAndMarkets.com

December 17, 2018

DUBLIN--(BUSINESS WIRE)--Dec 17, 2018--The “Private LTE Market by Technology (FDD and TDD), Service (Managed Services, Integration & Deployment), Application (Public Safety, Logistics & Supply Chain Management), Industry (Energy & Utilities, Mining), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The private LTE market size is expected to grow from USD 2.4 billion in 2018 to USD 4.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13% during the forecast period.

The need for unique and defined network qualities and the convergence of 5G and private LTE are the major factors driving the growth of the private LTE market. However, the challenge of spectrum fragmentation could restrain the market growth.

Managed services segment to grow at the highest CAGR during the forecast period

Managed services in the private LTE market outsource a complete network or a part of it on a proactive management basis to improve the network operations and reduce the organizational expenses. As the private LTE market is in its initial phase, most of the vendors are not capable of providing a standalone solution and its associated services to the customers. This enforces them to manage few of the services from vendors who are expert in providing those to deliver the required services to the customers.

Market Dynamics

Drivers

Need for Unique and Defined Network Qualities Convergence of 5G and Private LTE

Restraints

Challenge of Spectrum Fragmentation

Opportunities

Opportunities in Industrial and Commercial IoT Rise in Adoption of Mobile Robotics and Machine Learning

Challenges

High Initial Cost of Deployment

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Private LTE Market, By Technology

7 Market, By Service

8 Market, By Application

9 Market, By Industry

10 Market, By Region

11 Competitive Landscape

12 Company Profiles

Ambra Solutions Arris International Athonet Cisco Comba Druid Software Ericsson Future Technologies General Dynamics Huawei Lemko Luminate Wireless Mavenir NEC Netnumber Nokia Pdvwireless Quortus Redline Communications Samsung Sierra Wireless Star Solutions Ursys Verizon Zinwave

For more information about this report visit https://www.researchandmarkets.com/research/lhw5x3/global_4_5?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181217005762/en/

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Related Topics:Computing Services,4G and 5G

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/17/2018 02:38 PM/DISC: 12/17/2018 02:38 PM

http://www.businesswire.com/news/home/20181217005762/en

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