According to a market report by Lucintel, the future of the global private LTE & 5G network market looks promising with opportunities in the industrial manufacturing, utility & electrical power, public venue, healthcare, supply chain, and natural resources markets. The global private LTE & 5G network market is expected to reach an estimated $9.9 billion by 2030 from $5.4 billion in 2024, at a CAGR of 10.8% from 2024 to 2030. The major drivers for this market are increasing use of private LTE and 5G networks for applications related to smart cities and the Internet of Things, growing demand for high-speed and low-latency connectivity, as well as, rising number of electronic devices and sensors globally.A more than 150-page report to understand trends, opportunity and forecast in private LTE & 5G network market to 2030 by type (private LTE, infrastructure, device, 5G, infrastructure, and device), application (real-time surveillance, operations visibility & optimization, authentication & access control, worker safety monitoring, remote diagnostics & predictive maintenance, and asset management), end use (industrial manufacturing, utilities & electrical power, public venues, healthcare, supply chain, and natural resources), and region (North America, Europe, Asia Pacific, and the Rest of the World)..
Lucintel forecasts that private LTE is expected to witness the highest growth over the forecast period due to improved device experience, optimum radio security, and enhanced performance offered by private LTE network to the consumers.
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APAC is expected to witness highest growth over the forecast period due to rising urbanization, industrialization, and infrastructure development, along with the significant demand for advanced communication network in the region.
Deutsche Telekom, Ericsson, ADVA Optical Networking, AMBRA Spectrums, Blue Wireless Pte, Thinksmallcell, Fujitsu are the major suppliers in the private LTE & 5G network market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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