12.71% Global CAGR for Private LTE Market to achieve US$ 7,553.4 Mn by 2027

COMMSCOPE, VERIZON, SIERRA WIRELESS, HUAWEI, AND CISCO PROMINENT MARKET PARTICIPANTS IN THE  MARKET

The demand for allowing the transition from disparate, disconnected networks to smart connected systems to offer enhanced customer interaction and service delivery modes has led to the introduction of private LTE networks. Furthermore, a private LTE network eradicates the constraints associated with a conventional network system, such as Ethernet or Wi-Fi, by supporting both human and machine communication on one network. Private LTE network, still in its stage of development, is comparatively niche and, in the past four years, has not seen much penetration. However, with the introduction of IIoT (Industrial Internet of Things), its deployment is expected to witness high growth opportunities during the forecast period. The primary driver of the private LTE networks is growing isolated systems adoption.

The Private LTE market players pursue many approaches for business expansion, such as strategic partnerships & agreements, new product innovations, and mergers & acquisitions. Industry-operating companies are developing their own private LTE network through partnerships with other ecosystem players. Many companies are introducing technologies to test the reliability of various devices, from smartphones to IoT, on their campuses. That will help businesses learn about technology’s loopholes and drawbacks. For example, Syniverse, a telecommunications business & technology service provider, started developing and deploying its own private LTE networks at its headquarters in October 2019. The firm partnered with Federated Wireless and Ruckus Wireless to establish its own private LTE using Evolved Packet Core (EPC) from Syniverse. The firm is expected to test device compatibility with technology, from IoT to smartphones. This will help Syniverse gain market share during the projected period.

Many well-known, as well as small local companies, are present in the market to provide private LTE services to their customers. The larger firms are adopting the strategy of partnership, contractual alliances for the deployment of private LTE to enhance their customer portfolio and expand footprint in different geographies. Some of the essential market initiatives from the industry are mentioned below:

Year

News

Country

Jan-2020

Telecoms vendor Ericsson teamed up with consultancy Capgemini to offer network operators support in supplying private LTE and 5G network solutions to enterprises. The first to sign up is Telia in Sweden.

Sweden

Nov-2019

CommScope’s Ruckus CBRS portfolio and Attabotics’ 3D robotic supply chain automation system were demonstrated as part of Microsoft Azure capabilities for private LTE networks during Microsoft Ignite

U.S

Oct-2019

Tecore and Future Technologies announced strategic partnership for delivering end-to-end American-Made and delivered 4G LTE and 5G solutions for the regional carrier and WISP markets

U.S

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