Private LTE Market Growth Analysis | Airspan Networks Holdings Inc., ASOCS Ltd.,  are among key contributors

Competitive Benchmarking and Vendor Forecasts for 2023-2027

The Private Long-Term Evolution (LTE) Market is estimated to exhibit growth at a CAGR of 10.35% between 2022 and 2027 followed by a revenue growth of USD 3,526.19 million. The causal factors of the market advancement are the growing demand for secure and reliable wireless communication, the increasing adoption of IoT devices and applications, and lastly the need for dedicated and mission-critical communications.

As per Market trend, in the global private long-term evolution market is the development of 5G-capable private LTE networks. Organizations are already hands-on with investments being made for utilizing both the increased capabilities of 5G technology and private LTE.

 Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities.

Key Companies and their key offerings: When it comes to the key market placers in the market landscape some of the examples comprise.

• Airspan Networks Holdings Inc. offers private LTE services such as full LTE private mobile network for container terminals in European sea ports.
• ASOCS Ltd. offers private LTE services under its brand called Cyrus.

Some of the prominent names worth mentioning include Boingo Wireless Inc., Casa Systems Inc., Cisco Systems Inc., Comba Telecom Systems Holdings Ltd., CommScope Holding Co. Inc., Druid Software, Fujitsu Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., L3Harris Technologies Inc. Microsoft Corp., Motorola Solutions Inc., etc. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Download a Sample Report

Private LTE Market: Market Highlights

• The Private LTE market is segmented by End-user (Healthcare, Retail and e-commerce, IT and telecom, and Others), Component (Infrastructure and Services), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).
• North America led the market with 53% of the market growth set to originate from this region during the forecast period.
• Growing demand for secure and reliable wireless communication is one of the primary factors driving the growth of the private LTE market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.