The Global Private Long Term Evolution market size is estimated to reach $10.3 billion by 2026, growing at a CAGR of 12.3% over the forecast period of 2022-2026.

Private LTE technology is a kind of long-term development similar to 5G network technology. Under the 3 Generation Partnership Program, a cellular standards organization, non-public networks can be shared, unlicensed, and licensed. Like 5G base stations, LTE networks, and radio access networks (RAN), it is used to transmit data to devices such as smartphones, routers, and gateways.
The increasing demand for improved outdoor network coverage over a wide area by various industries is driving the need for private LTE networks. These networks are primarily a Wireless Wide-Area Networking (WWAN) technology that can provide improved coverage over much longer distances in terms of base stations compared to Wi-Fi. As a result, firms and industries with outdoor locations, including mines, shipyards, stadiums, oil rigs, and recreational vehicle (RV) parks, must install small cells in small numbers to cover a larger area.
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Market Dynamics
Driver:
The Availability of unlicensed spectrums such as CBRS and MulteFire bands have been a prime reason for the market penetration.
Enterprises can use licensed and unlicensed spectrums to deploy private LTE networks globally. Vendors have developed chipsets, infrastructure components, and Customer Premises Equipment (CPE) that enable private LTE networks to run in two unlicensed frequency bands: 5 GHz and 3.5 GHz. In the US, the 3.5 GHz is a part of the Citizens Broadband Radio Service (CBRS) band and MulteFire functions in a 5 GHz band across the globe except for the US. The availability of unlicensed bands can pave the way for enterprises to deploy private LTE networks quickly without the intervention of Mobile Network Operators (MNOs), who own these license spectrum bands.
Challenge:
High initial cost of deploying network infrastructure impeded the market growth.
A comprehensively tested, end-to-end private LTE system and architecture in a single enterprise at a defined location leads to high implementation costs. In addition, the Technology has not yet been fully commercialized, leading to an increased initial cost of deployment. Moreover, several new industry vendors are not equipped with the expertise required for the entire private LTE network deployment.
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Key Market Players
Key Players in the Global Private Long Term Evolution Market consist of Huawei Technologies Co. Ltd., Athonet SRL, Airspan Networks, Nokia Corporation, NEC Corporation, Ericsson, Samsung, Fujitsu Ltd., ZTE Corporation, and Affirmed Networks.
Report Coverage and Scope
The report "Global Private Long Term Evolution Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.
By Component
• Infrastructure
• Consulting
• Integration and Deployment
• Support and Maintenance
• Managed Services
By Application
• Healthcare
• IT & Telecom
• Retail & E-commerce
• Manufacturing
• Government and Defense
• Mining
• Education
• Others
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By Geography
• North America
• Europe
• APAC
• RoW
TOC:
Chapter 1 Private Long Term Evolution Market Overview
1.1 Product Overview and Scope of Private Long Term Evolution
1.2 Private Long Term Evolution Market Segmentation By Component
1.2.1 Infrastructure
1.2.2 Services
TOC Continued…
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