Private LTE Market Forecasts 2023: Market Share,Trend, Size and more

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The Private LTE Market size is expected to grow from US$ 2.4 Billion in 2018 to US$ 4.5 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.0% 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.

Americas is expected to have the highest share of the overall private LTE market. Americas holds a major portion in the adoption of private LTE in this region. Americas leads the LTE technology usage with around 94% penetration of 4G LTE connection. US and Canada are at the forefront as these countries have sustainable and well-established economies, which empower them to strongly invest in R&D activities, thereby contributing to the development of new technologies.

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The Study Objectives of this report are:

• To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
• To analyze the opportunities in the market and details of the competitive landscape of stakeholders and market leaders
• To forecast the market size of the segments with respect to 4 main regions, namely, the Americas Europe, Asia Pacific (APAC), and Middle East and Africa (MEA)
• To profile the key players and comprehensively analyze their market rankings and core competencies
• To analyze the competitive developments, such as mergers and acquisitions, new partnerships, product enhancements, and new product developments, in the private LTE market

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Top key Players in the” Private LTE Market” include are 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).

Reason to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall private LTE market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.

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