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With private LTE networks filling the gap associated with the limited bandwidth of narrowband land mobile radio and security concerns of commercial LTE networks, the global private LTE network ecosystem currently faces high-value opportunities. This is the key conclusion of a new report added to the database of MarketResearchReports.biz. The report is titled, ‘The Private LTE Network Ecosystem: 2016 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts.’ According to the report, global investments in the private LTE network ecosystem will surpass US$800 million by the end of 2016. Between 2016 and 2020 alone, the private LTE networks market is expected to log a strong CAGR of 32%, the report’s findings show.Much of the growth that lies ahead for the global private LTE network ecosystem market will be brought about by widespread rollouts in sectors such as energy and public safety, the report states. The trend of choosing private LTE networks to deliver mobile broadband is increasingly catching on, and will act as a high-impact growth driver for the market, the report further states. The 370-page report, which studies three submarkets, six regional markets, and five vertical markets, presents a forecast for investments in private LTE networks from 2016 through 2030.
From the standpoint of leading regions, the private LTE network ecosystem market is projected to witness robust growth in North America – the region will attract nearly 35% of all investments made in the world by 2020. Asia Pacific will also be an important market for companies targeting wider geographical growth. In APAC, South Korea’s investments in LTE networks catering to the critical communications needs in railway, public safety, and maritime security will have an evidently positive impact on the growth of the market.
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Companies vying to secure a steady area of growth in the private LTE network ecosystem market have rolled out exclusive mobile broadband services for energy sector players. Examples of such companies include Texas Energy Network and Infrastructure Networks. However, since investments in private LTE networks can be prohibitively expensive, European countries are using private mobile core platforms in conjunction with LTE networks to allow public safety organizations to subscribe to prioritized mobile broadband services.
The competitive landscape is also seeing a change with new partnerships being forged between conventional LMR industry players and established LTE infrastructure OEMs. Examples of the latter include Nokia, Ericsson, and Samsung; these companies are tapping into this emerging opportunity by offering end-to-end solutions for private LTE networks.
Numerous companies have been profiled in the report to assess their strategic moves, revenue growth, and presence across the entire ecosystem. Likewise, the report also studies the opportunity that lies in the private LTE network ecosystem in every key country. By doing so, the report serves as a tool to give vendors and systems integrators in the private LTE network ecosystem insights into remaining relevant and competitive.
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