The global private LTE market size is projected to grow from USD 4.0 billion in 2020 to USD 7.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.6% during the forecast period. The growing demand in industrial and commercial IoT and mobile robotics and ML are expected to shape the future of the private LTE market.
Key and innovative vendors in the private LTE market include Nokia( Finland), Ericsson (Sweden), Huawei (China), ZTE(China), NEC(Japan), Affirmed Networks(US), Athonet (Italy) Samsung (South Korea), Redline communications(Canada), Airspan (US), Boingo Wireless (US), ASOCS (Israel), Casa Systems (US), Cisco (US), Comba (Hong Kong), CommScope (US), Druid Software (Ireland), ExteNet Systems (US), Fujitsu (Japan), Lemko (US), Mavenir(US), Quortus (UK), Star Solutions (Canada), Tecore (US), Telrad Networks (Israel), Wireless Excellence (UK), Accelleran (Belgium), Air-Lynx (France), Altiostar (US), Amarisoft (France), Baicells Technologies (US), Celona (US), IPLOOK (Hong Kong), JMA Wireless (US), Parallel Wireless (US), Phluido (US), NetNumber (US), JI Technology(Japan), Verizon (US), Sierra Wireless (Canada), Future Technologies (US), Ambra Solutions(Canada), URSYS (Australia), Geoverse (US), and Cradlepoint (US).
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Nokia provides industrial-grade private wireless solutions with the Nokia Digital Automation Cloud (DAC) and Nokia Modular Private Wireless (MPW). DAC was launched in 2018 and is a pre-integrated private-wireless-as-a-service solution with edge cloud computing features. The autonomous private wireless solution, Modular Private Wireless (MPW), enables users to build private 4.9G/LTE networks for small to very large industrial sites and field area networks. The key components of MPW are small cells and macrocells, enterprise core with Compact Mobility Unit (CMU); an enterprise packet core that performs the same functions as a mobile operator’s 4.9G/LTE evolved packet core and future 5G core network, Enterprise Voice Core (EVC) supports clientless voice and video communication on standard LTE devices.
Ericsson provides managed services for private networks, using AI and automation to boost quality and operational efficiency. The firm has a vast portfolio of private LTE networks for industries across various verticals. Private LTE networks are offered either as standalone or integrated private networks, indoor and outdoor, voice and data, tailor-made solutions available for business-critical and mission-critical needs. The solutions enable the integration of sensors, machines, in-vehicle, and hand-held devices across a wide range of applications.
Related Reports:
Private LTE Market by Component (Infrastructure and Services), Technology (FDD and TDD), Deployment Model (Centralized and Distributed), Frequency Band (Licensed, Unlicensed, and Shared Spectrum), End User, and Region - Global Forecast to 2025
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