Private LTE Market Technology, Services, Growth in Future And Development Strategies Forecast 2025
Seattle, WA -- (SBWIRE) -- 10/31/2019 -- The Private LTE market is projected to exhibit an accelerated growth between 2018 and 2025 as these networks offer the best alternative to public networks in terms of improved security for business applications, high operational efficiency, and low deployment costs. High-speed private networks enable the users in industrial and business critical domains to integrate machines, people and other devices across a wide range of applications and empower them to run their own network with dedicated equipment and settings.
These networks often associated with defense and public safety replace Land Mobile Radio (LMR) network, enabling highly secured communication. These networks are increasingly being deployed for other use cases such as transportation, mining, and enterprise IIoT applications. In addition to providing much-needed low latency and high throughput, private LTE networks also offer more coverage and capacity with the ability to customize performance according to enterprise needs.
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Private LTE Market Introduction
The demand for enabling the transition from disparate disconnected networks to smart connected systems for offering enhanced modes of customer interaction and service delivery has led to the introduction of private LTE networks.
Private LTE network is a private network intended for efficiently connecting people/things of that respective enterprise and securing data by eliminating the connection with a core network of public mobile operators. A private LTE network, furthermore, eradicates the restrictions associated with a conventional network system, such as the Ethernet or Wi-Fi, by supporting both human and machine communication on a single network.
Private LTE Market Key Players:
Major vendors in the private LTE market 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).
Segmentation for private LTE market by industry verticals:
Transportation, Military and Defense, Manufacturing and Industrial, Oil and Gas, Energy and Mining, Healthcare
The report covers exhaust analysis on:
Supply & Demand
Competition & Companies involved
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