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3. Nokia (Finland) and Ericsson (Sweden) are the Leading Players in the Private LTE Market

The global 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 convergence of 5G and private LTE are the major factors driving the growth of the private LTE market.

The major private LTE market vendors include Nokia (Finland), Ericsson (Sweden), Huawei (China), NEC (Japan), Verizon (US), Cisco (US), Samsung (South Korea), Comba (China), Arris International (US), Sierra Wireless (Canada), NetNumber (US), Lemko (US), General Dynamics (US), Future Technologies (US), pdvWireless (US), Quortus (UK), Ambra Solutions (Canada), Zinwave (US), Redline Communications (Canada), Athonet (Italy), Mavenir (US), Star Solutions (Canada), Druid Software (Italy), Ursys (Australia), and Luminate Wireless (US). These players have adopted various growth strategies, including partnerships, agreements, and collaborations and new product launches, to further expand their presence in the global private LTE market. New product launches, partnerships, and agreements have been the most favored strategies adopted by major players from 2016 to 2018, which helped them innovate their offerings and broaden their customer base.

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Nokia is one of the leading vendors who provide networking solutions. The company offers a Private LTE solution that enables communication between humans and machines through a reliable network. Nokia’s Private LTE solution consists of 3 blocks that include the local LTE network comprising a base station, Multi-access Edge Computing (MEC) consisting of a compact server, and data centers and cloud services for the local deployment of Evolved Packet Core (EPC) functions. The company has been focusing on strategies, such as partnerships and agreements, to cater to its customers across industries. For instance, in February 2017, Nokia partnered with GE and Qualcomm Technologies for developing a standalone LTE network, which can provide local connectivity for operations in remote locations. Through this collaboration, Nokia would be providing a base station infrastructure and its Digital Automation Cloud service. Moreover, it is always focused on providing new enhanced solutions to its customers by developing new products and solutions.

Ericsson is another leading provider of networking solutions and a prominent vendor offering 3GPP LTE and 5G technologies. The company offers a private LTE solution based on mobile broadband and provides secure connectivity for applications, such as public safety services, machine communications, and video broadcasts. Its business strategy is focused on partnerships and acquisitions. For instance, in September 2018, Ericsson acquired CENX, a provider of closed-loop automation and service assurance capabilities. With Ericsson’s Network Functional Virtualization and Dynamic Orchestration solutions, and CENX’s capabilities, telecom operators can enhance their 5G services by using the network virtualization and automated network slicing to serve enterprises at reduced costs.

Related Reports:

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

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