According to the research report titled ‘Private LTE Market Size By Component (Product [ Infrastructure {Evolved Packet Core (EPC), Backhaul, eNodeB}, Device {Smartphones, Handheld Terminals, Vehicular Routers, IoT Modules}], Service [Training & Consulting, Integration & Maintenance, Managed Service]) By Application (Public Safety, Defense, Mining, Transport, Energy, Manufacturing) Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026’, available with Market Study Report, the global private LTE market is expected to surpass USD 19 billion by the year 2026.
 

According to the report, growing need for reliable and secure communication among the connected devices, in tandem with increasing utilization of smart devices are major factors driving the private LTE market growth. Private LTE networks enables enterprises to safely expand their networks to cloud and employees’ mobile devices.
 

Rapid development of smart cities, coupled with rising adoption of connected devices, and advancements in 5G technology are aiding the expansion of private LTE market. However, private LTE solutions require advanced radio access technology and robust expansion of network. High deployment cost of private LTE solutions and network upgradation will hinder the growth of the market.
 

As per the component type, EPC (Evolved Packet Core) segment presently holds the largest share of private LTE market, since it operates as a standalone system during deployment of large networks.
 

Based on the application spectrum, the report cites that the public safety segment led the private LTE market in 2018. Growing demand for seamless and reliable communication among government organizations to ensure fast action during emergency situations has compelled private LTE providers to develop innovative solutions, which in turn is stimulating the industry outlook.
 

As per the regional analysis, the report states that North America dominated the private LTE market in 2018. Factors such as increasing utilization of LTE in order to meet the demand for low-latency networks in industrial IoT and mission-critical communication applications is fueling the North America private LTE market growth.
 

Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/1357091/
 

On the other hand, Asia-Pacific private LTE market will register substantial growth during the forecast period. Rising adoption of IoT platforms in manufacturing, retail, and transportation industries are contributing towards the popularity of private LTE solutions across Asia-Pacific region. The robust expansion of IoT platforms has encouraged enterprises to upgrade their private networks to ensure network resiliency and security. Moreover, favorable government reforms which encourage utilization of advanced mobile networks and rapid development of 4G technology is facilitating the business scenario.
 

The prominent companies operating in the private LTE market are Tait Communications, SpiderCloud Wireless, Sierra Wireless, Samsung Electronics Co., Ltd., Ruckus Networks, Rivada Networks, Qualcomm Incorporated, PDV Wireless, Nokia Corp., NetNumber, Inc., Motorola Solutions, Huawei Technologies Co., Ltd., General Dynamics Mission Systems, Future Technologies, Inc., Telefonaktiebolaget LM Ericsson, Druid Software, Cisco Systems, Inc., Casa Systems, Inc., Boingo Wireless, and AT&T, Inc.