Selbyville, Delaware, United States, October 23 2020 (Wiredrelease) Global Market Insights, Inc –:As per a research report by Global Market Insights, Inc., global private LTE market is estimated to surpass $19 billion by 2026.
Driven by the increasing need for reliable and secure communication among the rising number of connected devices, global private LTE market is projected to observe substantial growth in the forthcoming timeframe.
Organizations are increasingly implementing private LTE networks. These networks extend the company’s private networks to their staffs’ mobiles and the cloud as well. In doing so, organizations don’t have to compromise on their network security.
Apart from communication growth, the market is also estimated to observe heavy gains due to the rising adoption of connected and smart devices in developing smart cities across the world. In addition, 5G technology’s commercialization would likely add up to the market expansion through 2026.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2757
With reference to the application segment, public safety dominated the private LTE market share in 2018. Public safety is among the most important responsibilities of a government as it is associated with the safety of its citizen from threats and natural disasters.
The safety of citizens involves the coordination of several organizations. Police, firefighters, and a few other emergency medical facilities need to work together to ensure the safety of citizens. In emergency cases, these departments need to communicate with each other, which demands a seamless and reliable communication network.
In order to meet this growing demand, the public safety domain is witnessing a major transformation across the world with suppliers providing improved LTE solutions. Providing such LTE solutions ensures enhanced data connectivity since high data volumes are transferred quickly through them. This benefit allows live streaming at emergency conditions. The quick data transfer also enables mapping software to locate mission-critical assets thereby pushing the market outlook.
Request for Customization of this report @ https://www.gminsights.com/roc/2757
In fact, North America private LTE market dominated the industry share in 2018. It is also anticipated to witness similar growth in the forthcoming years. Increased adoption of LTE to support the demand for low latency networks within mission-critical communication and industrial IoT applications are the major factors contributing to market growth in the region.
Apart from North America, APAC private LTE market is set to observe significant gains over the forthcoming years. Rising adoption of IoT platform in various sectors like retail, manufacturing, and transportation would drive the market expansion in the region. The massive growth of IoT has surged the demand for private IoT networks. This has further enabled companies to enhance their network resilience and security.
Table Of Content:
Chapter 5. Private LTE Market, By Component
5.1. Key trends, by component
5.2.1. Product market estimates and forecast, 2015-2026
220.127.116.11. Infrastructure market estimates and forecast, 2015-2026
18.104.22.168. Evolved Packet Core (EPC)
22.214.171.124.1. EPC market estimates and forecast, 2015-2026
126.96.36.199.1. Backhaul market estimates and forecast, 2015-2026
188.8.131.52.1. eNodeB market estimates and forecast, 2015-2026
184.108.40.206. Device market estimates and forecast, 2015-2026
220.127.116.11.1. Smartphones market estimates and forecast, 2015-2026
18.104.22.168. Handheld terminals
22.214.171.124.1. Handheld terminals market estimates and forecast, 2015-2026
126.96.36.199. Vehicular routers
188.8.131.52.1. Vehicular routers market estimates and forecast, 2015-2026
184.108.40.206. IoT modules
220.127.116.11.1. IoT modules market estimates and forecast, 2015-2026
5.3.1. Service market estimates and forecast, 2015-2026
5.3.2. Consulting & training
18.104.22.168.1. Consulting & training market estimates and forecast, 2015-2026
5.3.3. Integration & maintenance
22.214.171.124.1. Integration & maintenance market estimates and forecast, 2015-2026
5.3.4. Managed service
126.96.36.199.1. Managed service market estimates and forecast, 2015-2026
Chapter 6. Private LTE Market, By Application
6.1. Key trends, by application
6.2. Public safety
6.2.1. Public safety market estimates and forecast, 2015-2026
6.3.1. Defense market estimates and forecast, 2015-2026
6.4.1. Mining market estimates and forecast, 2015-2026
6.5.1. Transportation market estimates and forecast, 2015-2026
6.6.1. Energy market estimates and forecast, 2015-2026
6.7.1. Manufacturing market estimates and forecast, 2015-2026
6.8.1. Others market estimates and forecast, 2015-2026
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/private-lte-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Arun HegdeCorporate Sales, USAGlobal Market Insights, Inc.Phone: 1-302-846-7766Toll Free: 1-888-689-0688Email: firstname.lastname@example.org
This content has been published by Global Market Insights, Inc company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at email@example.com.
– eTurboNews | Trends | Travel News Online