Dublin, Dec. 17, 2018 (GLOBE NEWSWIRE) -- The "Private LTE Market by Technology (FDD and TDD), Service (Managed Services, Integration & Deployment), Application (Public Safety, Logistics & Supply Chain Management), Industry (Energy & Utilities, Mining), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The private LTE market size is expected to grow from USD 2.4 billion in 2018 to USD 4.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13% during the forecast period.

The need for unique and defined network qualities and the convergence of 5G and private LTE are the major factors driving the growth of the private LTE market. However, the challenge of spectrum fragmentation could restrain the market growth.

Managed services segment to grow at the highest CAGR during the forecast period

The managed service providers connect people across all business functions and regions, and provide them with relevant information related to intelligent design, operations, and maintenance, as well as, offer a higher quality of services. Managed services in the private LTE market outsource a complete network or a part of it on a proactive management basis to improve the network operations and reduce the organizational expenses.

As the private LTE market is in its initial phase, most of the vendors are not capable of providing a standalone solution and its associated services to the customers. This enforces them to manage few of the services from vendors who are expert in providing those to deliver the required services to the customers.

Americas to hold the largest market size, and APAC to grow at the highest rate during the forecast period

Americas is expected to have the highest share of the overall private LTE market. Americas holds a major portion in the adoption of private LTE in this region. Americas leads the LTE technology usage with around 94% penetration of 4G LTE connection.

US and Canada are at the forefront as these countries have sustainable and well-established economies, which empower them to strongly invest in R&D activities, thereby contributing to the development of new technologies. Network operators in this region consistently invest in expanding and upgrading their LTE and LTE-advanced networks.

Latin America primarily comprises countries such as Brazil, Mexico, Colombia, Chile, and Argentina. These countries have witnessed an extensive use of internet and mobile-based applications, and are expected to harness private LTE into their industrial and enterprise operations. In the Americas, the US is said to be leading the next generation of wireless technologies.

The US is the global leader of LTE and is expected to grow aggressively in this technology due to recent government initiatives. The US government has announced the availability of the Citizens Broadband Radio Service (CBRS) band or Band 48 for commercial usage.

Canada is another key country in this region which has been positive about the usage of private LTE technology in its business operations. Canada is rich in natural resources, which has prompted the growth of several large-scale mining and energy organizations. These business entities have been inclined toward implementing private LTE as a solution to establish critical communication for M2M and machine-to-human communications.

APAC constitutes of major economies, such as Singapore, South Korea, Japan, China, India, and Australia. Japan, China, and Australia are essential for the growth of the private LTE market in this region. Japan and China are one of the largest manufacturing economies that produce automobiles, information technology products, and electronic products. Manufacturing paradigm has changed considerably with industry-seeking advanced technologies, such as robotics and big data analytics.

The major vendors in the private LTE market are Nokia (Finland), Ericsson (Sweden), Huawei (China), NEC (Japan), Verizon (US), Cisco (US), Samsung (South Korea), Comba (China), Arris International (US), Sierra Wireless (Canada), NetNumber (US), Lemko (US), General Dynamics (US), Future Technologies (US), pdvWireless (US), Quortus (UK), Ambra Solutions (Canada), Zinwave (US), Redline Communications (Canada), Athonet (Italy), Mavenir (US), Star Solutions (Canada), Druid Software (Italy), Ursys (Australia), and Luminate Wireless (US).

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Regions Covered
1.5 Years Considered for the Study
1.6 Currency Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data Breakup of Primaries Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions for the Study
2.5 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Private LTE Market
4.2 Market: Top 3 Industries and Regions
4.3 Market, By Region
4.4 Market: Investment Scenario

5 Market Overview
5.1 Introduction
5.1.1 Drivers Need for Unique and Defined Network Qualities Convergence of 5g and Private LTE
5.1.2 Restraints Challenge of Spectrum Fragmentation
5.1.3 Opportunities Opportunities in Industrial and Commercial IoT Rise in Adoption of Mobile Robotics and Machine Learning
5.1.4 Challenges High Initial Cost of Deployment
5.2 Use Cases
5.2.1 Energy and Utilities Nokia Cisco
5.2.2 Mining Challenge Network Ericsson
5.2.3 Smart Ports Nokia
5.3 Cbrs Spectrum Enablement for Private LTE
5.4 LTE Networks Launched Globally

6 Private LTE Market, By Technology
6.1 Introduction
6.2 Frequency Division Duplex
6.2.1 Need for Better Network Over Greater Distances to Lead to the Growth of Frequency Division Duplex Technology
6.3 Time Division Duplex
6.3.1 Increasing Demand for High-Speed Mobile Broadband Access to Drive the Growth of Time Division Duplex Technology

7 Market, By Service
7.1 Introduction
7.2 Consulting
7.2.1 Need for Awareness of Private LTE to Fuel the Growth of Consulting Services
7.3 Integration and Deployment
7.3.1 Need for Managing Multiple Applications on Common Network to Drive the Growth of Integration and Deployment Services
7.4 Support and Maintenance
7.4.1 Network Testing Need for Maintaining Quality and Functionality of Network to Drive the Growth of Network Testing Services
7.4.2 LTE Device Testing Critical Need for Seamless and High-Quality Voice and Data Network to Drive the Growth of LTE Device Testing Services
7.5 Managed Services
7.5.1 Network Planning Need for High-Quality and Cost-Efficient Private LTE Network to Fuel the Growth of Network Planning Services
7.5.2 Network Orchestration Need for Managing Network Behavior to Drive the Growth of Network Orchestration Services

8 Market, By Application
8.1 Introduction
8.2 Public Safety
8.2.1 Real-Time Streaming Growing Use of Smart Applications and Devices in Industries to Increase the Critical Need for Private LTE Network in the Real-Time Streaming Application
8.2.2 Smart Devices Network Monitoring Critical Need for Managing the Smart Devices to Drive the Growth of Smart Devices Network Monitoring Services
8.2.3 Multimedia Rising Demand for Enhanced Bandwidth and High Speed to Fuel the Growth of Multimedia Services
8.3 Logistics and Supply Chain Management
8.3.1 Rising Demand for Robotics and Smart Machines in the Manufacturing Industry to Drive the Growth of Private LTE Market
8.4 Asset Management
8.4.1 Critical Need of Managing Network for Seamless Asset Management to Drive the Growth of Market

9 Market, By Industry
9.1 Introduction
9.2 Mining
9.2.1 Critical Need of Dedicated Network for Automation, Remote Monitoring, and Real-Time Asset Management to Drive the Growth of Private LTE in the Mining Industry
9.3 Energy and Utilities
9.3.1 Need for Critical Connectivity to Fuel the Growth of Private LTE in the Energy and Utilities Industry
9.4 Manufacturing
9.4.1 Increasing Use of Smart Machines and Robotics to Drive the Growth of Private LTE in the Manufacturing Industry
9.5 Transportation
9.5.1 Need for Communication Connectivity to Drive the Growth of Private LTE in the Transportation Industry
9.6 Defense
9.6.1 Critical Need for High-Speed Voice and Data Communication to Drive the Growth of Private LTE in the Defense Industry
9.7 Healthcare
9.7.1 Need of Managing Network for Medical Equipment to Drive the Growth of Private LTE in the Healthcare Industry

10 Market, By Region
10.1 Introduction
10.2 Americas
10.2.1 United States Technical Initiatives and Strong R&D in the Telecom Industry to Fuel the Growth of Private LTE in the United States
10.2.2 Canada Adoption of High-End Technology in Various Industries to Drive the Growth of Private LTE in Canada
10.3 Asia Pacific
10.3.1 Japan Strong Investment Initiatives in the Telecom Industry to Drive the Growth of Private LTE in Japan
10.3.2 China Adoption of M2m and IoT Technologies in Different Industries to Fuel the Growth of Private LTE in China
10.3.3 Australia Adoption of Technologies in the Mining Industry to Drive the Demand for Private LTE in Australia
10.4 Europe
10.4.1 United Kingdom Early Adoption of Technology in Various Industries to Drive the Growth of Private LTE in the United Kingdom
10.4.2 Germany Heavy Adoption of Technologies in the Manufacturing Industry to Increase the Demand for Private LTE in Germany
10.5 Middle East and Africa
10.5.1 United Arab Emirates Critical Need of Communication Connectivity in the Oil and Gas Industry to Increase the Demand for Private LTE in the United Arab Emirates
10.5.2 Saudi Arabia Rise in the Adoption of Technology in the Oil and Gas Industry to Fuel the Growth of Private LTE in Saudi Arabia

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking
11.3 Competitive Scenario
11.3.1 New Product Launches and Enhancements
11.3.2 Partnerships, Collaborations, and Agreements
11.3.3 Mergers and Acquisitions

12 Company Profiles
12.1 Nokia
12.2 Ericsson
12.3 Huawei
12.4 NEC
12.5 Verizon
12.6 Cisco
12.7 Samsung
12.8 Comba
12.9 Arris International
12.1 Sierra Wireless
12.11 Netnumber
12.12 Lemko
12.13 General Dynamics
12.14 Future Technologies
12.15 Pdvwireless
12.16 Quortus
12.17 Ambra Solutions
12.18 Zinwave
12.19 Redline Communications
12.2 Athonet
12.21 Mavenir
12.22 Star Solutions
12.23 Druid Software
12.24 Ursys
12.25 Luminate Wireless

For more information about this report visit https://www.researchandmarkets.com/research/lgfpz8/the_worldwide?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Computing Services, 4G and 5G