Market Overview:
The global private LTE and private 5G network market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-speed and reliable data connectivity across industries. Additionally, the growing trend of Bring Your Own Device (BYOD) is also contributing to the growth of this market. The global private LTE and private 5G network market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into hardware and services. The hardware segment includes base stations, routers, switches, antennas etc., while services include system integration & deployment services, managed services etc. By application, it can be classified into BFSI sector,, government sector,, IT & telecom sector,, healthcare sector,, aerospace & defense sector,,and other sectors,. The BFSI sector is expected to account for a major share in terms of revenue in this market during the forecast period owing to rising demand for high-speed data connectivity from banks and other financial institutions. In terms of region,. However,.
Product Definition:
A private LTE or 5G network is a wireless network that is used exclusively by one company or organization. Private LTE and 5G networks are important because they allow companies to securely transmit data and communications between devices. They can also be used to monitor and manage industrial processes.
Hardware:
Hardware is the core of any network. It includes modems, switches, routers and other communication devices. Hardware components are witnessing a tremendous growth in terms of performance and capacity owing to the increasing demand for high-speed data transfer over large distances.
Services:
The global services and it's usage in Private LTE and Private 5G Network market is expected to witness significant growth over the forecast period. The major drivers for this market are increasing demand for data traffic, network complexity, network management issues along with growing competition among telecom service providers. Services & Usage helps to reduce these challenges by offering a comprehensive end-to-end solution which includes consulting, design & implementation as well as maintenance of the networks.
Application Insights:
The application segment is segregated into seven broad categories that include Banking, Financial Services and Insurance (BFSI), government, IT & telecom, healthcare, aerospace & defense and other industries. The BFSI sector dominated the global market in 2017 with a revenue share of over 40% owing to the growing demand for advanced communication services from various sectors such as retail and e-commerce. The segment is also expected to witness significant growth over the forecast period due to increasing adoption of private LTE network by banks and financial institutions for providing enhanced data connectivity to their customers.
The government application segment accounted for a revenue share of around 19% in 2017 owing to an increase in demand from public safety organizations across the globe. Moreover, operators are deploying large-scale 5G networks with high speed connections that enable governments worldwide communicate effectively with citizens through video calls while improving operational efficiency at reduced costs. These factors are anticipated to drive industry growth during the forecast period.
Regional Analysis:
Asia Pacific is estimated to be the fastest-growing regional market over the forecast period. The region has been witnessing exponential growth in mobile data traffic and investments in next-generation network infrastructure. Countries such as China, Japan, South Korea, and Australia are at the forefront of this growth owing to their large population coupled with high demand for advanced technologies.
The Asia Pacific region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing adoption by enterprises for enhanced productivity and efficiency along with rapid developments in smart city initiatives across countries such as China, India, Singapore among others. Moreover private LTE services have witnessed significant deployment in rural areas where there is limited or no access otherwise available bandwidth on public networks due to low usage rates thereby providing an opportunity for new entrants operating through aâ€private LTE†model rather than through traditional carrier models that rely on subsidies or other financial incentives offered by service providers.
Growth Factors:
- Increasing demand for high-speed and reliable wireless connectivity: The private LTE and 5G network market is expected to grow at a CAGR of over 20% during the forecast period due to the increasing demand for high-speed and reliable wireless connectivity. This is mainly because of the growing number of connected devices, rising data traffic, and surging need for real-time applications.
- Proliferation of IoT devices: The proliferation of IoT devices is one of the key growth drivers for private LTE and 5G networks. With the increase in number of connected devices, there will be an increased demand for bandwidth-intensive applications that can be delivered through these networks.
- Emergence of new use cases: Private LTE and 5G networks are being increasingly adopted by various industries such as transportation, logistics, energy & utilities, manufacturing, healthcare etc., owing to their superior performance characteristics compared to traditional cellular networks. This is expected to result in significant growth opportunities for this market in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Private LTE and Private 5G Network Market Research Report
By Type
Hardware, Services
By Application
BFSI, Government, IT & Telecom, Healthcare, Aerospace and Defense, Other
By Companies
Nokia, Ericsson, Sierra Wireless, Huawei, ZTE, Cisco, Samsung, Comba, Casa Systems, Lemko Corporation, General Dynamics, Sirran Communications, Metaswitch, Qualcomm
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Private LTE and Private 5G Network Market Report Segments:
The global Private LTE and Private 5G Network market is segmented on the basis of:
Types
Hardware, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Government, IT & Telecom, Healthcare, Aerospace and Defense, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nokia
- Ericsson
- Sierra Wireless
- Huawei
- ZTE
- Cisco
- Samsung
- Comba
- Casa Systems
- Lemko Corporation
- General Dynamics
- Sirran Communications
- Metaswitch
- Qualcomm
Highlights of The Private LTE and Private 5G Network Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Services
- By Application:
- BFSI
- Government
- IT & Telecom
- Healthcare
- Aerospace and Defense
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Private LTE and Private 5G Network Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Private LTE and Private 5G networks are networks that are not publicly available. They are used by businesses and organizations to connect their employees and customers.
Some of the major companies in the private lte and private 5g network market are Nokia, Ericsson, Sierra Wireless, Huawei, ZTE, Cisco, Samsung, Comba, Casa Systems, Lemko Corporation, General Dynamics, Sirran Communications, Metaswitch, Qualcomm.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Private LTE and Private 5G Network Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Private LTE and Private 5G Network Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Private LTE and Private 5G Network Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Private LTE and Private 5G Network Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Private LTE and Private 5G Network Market Size & Forecast, 2018-2028
4.5.1 Private LTE and Private 5G Network Market Size and Y-o-Y Growth
4.5.2 Private LTE and Private 5G Network Market Absolute $ Opportunity
Chapter 5 Global Private LTE and Private 5G Network Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Private LTE and Private 5G Network Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Private LTE and Private 5G Network Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Private LTE and Private 5G Network Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Government
6.2.3 IT & Telecom
6.2.4 Healthcare
6.2.5 Aerospace and Defense
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Private LTE and Private 5G Network Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Private LTE and Private 5G Network Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Private LTE and Private 5G Network Analysis and Forecast
9.1 Introduction
9.2 North America Private LTE and Private 5G Network Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Private LTE and Private 5G Network Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Private LTE and Private 5G Network Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Government
9.10.3 IT & Telecom
9.10.4 Healthcare
9.10.5 Aerospace and Defense
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Private LTE and Private 5G Network Analysis and Forecast
10.1 Introduction
10.2 Europe Private LTE and Private 5G Network Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Private LTE and Private 5G Network Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Private LTE and Private 5G Network Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Government
10.10.3 IT & Telecom
10.10.4 Healthcare
10.10.5 Aerospace and Defense
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Private LTE and Private 5G Network Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Private LTE and Private 5G Network Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Private LTE and Private 5G Network Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Private LTE and Private 5G Network Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Government
11.10.3 IT & Telecom
11.10.4 Healthcare
11.10.5 Aerospace and Defense
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Private LTE and Private 5G Network Analysis and Forecast
12.1 Introduction
12.2 Latin America Private LTE and Private 5G Network Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Private LTE and Private 5G Network Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Private LTE and Private 5G Network Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Government
12.10.3 IT & Telecom
12.10.4 Healthcare
12.10.5 Aerospace and Defense
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Private LTE and Private 5G Network Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Private LTE and Private 5G Network Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Private LTE and Private 5G Network Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Private LTE and Private 5G Network Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Government
13.10.3 IT & Telecom
13.10.4 Healthcare
13.10.5 Aerospace and Defense
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Private LTE and Private 5G Network Market: Competitive Dashboard
14.2 Global Private LTE and Private 5G Network Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nokia
14.3.2 Ericsson
14.3.3 Sierra Wireless
14.3.4 Huawei
14.3.5 ZTE
14.3.6 Cisco
14.3.7 Samsung
14.3.8 Comba
14.3.9 Casa Systems
14.3.10 Lemko Corporation
14.3.11 General Dynamics
14.3.12 Sirran Communications
14.3.13 Metaswitch
14.3.14 Qualcomm
