ALBANY, N.Y., Nov. 9, 2020 /PRNewswire/ -- Interest in private LTE & 5G networks deployment has surged in recent years, especially among enterprise markets. The trend has gathered force in order to meet AI-driven automation. In non-industrial backgrounds, players in the private LTE & 5G networks market are expected to target users with benefits of meeting high quality of service (QoS) and speed requirements. The focus of governments in numerous economies to advance 5G network ecosystem to fuel next wave of industrial automation in the manufacturing environments.
Swelling investments will help propel the market to expand at CAGR of ~49% during 2020 – 2030. New avenues, contend analysts, will rise on back of increasing interest in AI-driven applications and industrial IoT. The global valuation of the market is projected to reach worth of US$ 17.7 Bn by 2030-end.
Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=79709
Key Findings of LTE & 5G Network Market Report
- Of all the verticals, industrial is a promising segment in the LTE and 5G network market
- Non-industrial sectors also witnessing substantial lucrative avenues for stakeholders
- Geographically, North America held the major share in the global market
- The opportunities in the Asia Pacific market are expected to expand at promising CAGR during forecast period
Explore 554 pages of top-notch research, incisive insights, and detailed country-level projections on Private LTE & 5G Network Market (Type: Private LTE and 5G; Application: Real-time Surveillance, Operations Visibility & Optimization, Authentication & Access Control, Worker Safety Monitoring, Remote Diagnostics & Predictive Maintenance, and Asset Management; and Vertical: Industrial Manufacturing, Utilities & Electrical Power, Public Venues, Healthcare, Supply Chain, and Natural Resources) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/private-lte-5g-network-market.html
LTE & 5G Network Market: Key Driving Factors and Promising Avenues
- Rise in internet penetration, coupled with vast reduction of cost of data use, is a key trend boosting the evolution of LTE and 5G network market
- Manufacturing sites and distribution centers are increasingly looking to harness the capabilities of private network. The key benefits are that the network helps them meet the customized end-user demands and adhere to high QoS and speed requirements.
- Adoption of wireless infrastructure that can integrate on-device processing, 5G, and edge cloud at multiple endpoints has also bolstered the growth avenues in the market.
- Warehouses and factories are increasingly leaning on migrating to private network in order to set the framework of industrial-grade IoT. Companies are increasing testing the capabilities of the private network and prefer them over commercial networks in order to offer advanced mobility solutions in industrial IoT ecosystem.
- Proliferation of sensors and actuators in the IoT for enterprise as well as for consumer applications is spurring telecom companies to put their stake in LTE and 5G network market.
- Efforts made by governments in numerous countries to advance network connectivity are boosting the adoption rate in industrial consumers. To this end, they are extending support to deploy 5G spectrum. Countries at the forefront of this trend are the U.S., Japan, China, India, and Germany.
Analyze global private LTE and 5G network market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
LTE & 5G Network Market: Competitive Assessment
A number of players are keen on testing 5G deployments and have ramped up investments in setting and advancing 5G networks. These industry developments increasingly bolstering the prospects of these networks for OEMs engaged in offering solutions related to edge computing and data centers. Service providers and companies offering telecom solutions are raising awareness of the benefits of private LTE and 5G network deployment to strengthen their business propositions.
Some of the players aspiring for high stakes in the market are ZTE Corporation, Samsung Electronics, Intel, National Instruments, Huawei Technologies, and Nokia.
Request the Covid19 Impact Analysis at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=79709
LTE & 5G Network Market: Regional Landscape
Regionally, North America has been promising regional market, and it held the major share in 2019. The growth has been fueled by rise in business propositions of private network over commercial network for supporting industry-grade IoT networks. In the regional market, the U.S. is expected to see rapid growth of opportunities during 2020 – 2030.
On the other hand, strides being made in AI and IoT deployments in the key economies of Asia Pacific has cemented the potential of the regional market during the assessment period. Rise in investments in implementing the new 5G is also spurring the growth prospect.
Global Private LTE & 5G Network Market: Segmentation
Private LTE & 5G Network Market, by Type
- Private LTE
- Infrastructure
- Device
- 5G
- Infrastructure
- Device
Private LTE & 5G Network Market, by Application
- Real-time Surveillance
- Operations Visibility & Optimization
- Authentication & Access Control
- Worker Safety Monitoring
- Remote Diagnostics & Predictive Maintenance
- Asset Management
Private LTE & 5G Network Market, by Vertical
- Industrial Manufacturing
- Discrete Manufacturing
- Process Industries
- Utilities & Electrical Power
- Power Generation
- Power Transmission & Distribution
- Water Utilities
- Public Venues
- Transport Venues
- Military Bases
- Maritime Ports
- Healthcare
- Supply Chain
- Natural Resources
- Mining
- Oil & Gas
Private LTE & 5G Network Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Netherlands
- Finland
- Austria
- Switzerland
- Estonia
- Sweden
- Norway
- Russia
- Belgium
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- Indonesia
- South Korea
- Singapore
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
Explore Transparency Market Research's award-winning coverage of the Global IT & Telecom Industry:
Livestock Monitoring Solutions Market – The global livestock monitoring solutions market. In terms of revenue, the global livestock monitoring solutions market is estimated to expand at a CAGR of ~16% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global livestock monitoring solutions market.
Digital Freight Brokerage Market – The global digital freight brokerage market is expected to expand at an impressive CAGR of ~33% during the forecast period. The market growth is primarily driven by increasing focus on improving efficiency, reliability, and performance of supply chains, growing demand for digital freight brokerage platforms from leading carriers, growing partnerships between digital freight brokerage companies and transportation & logistics companies, and the entry of a number of startups. Market players should focus on tapping into opportunities that have opened up due to the COVID-19 situation.
Personality Assessment Solutions for Training and Development Market – The global personality assessment solutions for training and development market is expected to expand at an impressive CAGR of ~15% during the forecast period. Increasing demand for SaaS-based personality assessment solution, shift toward consolidation of various HRM solutions, focus on improving the recruitment process, and online talent assessment are some of the major factors that will contribute to market growth.
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/private-lte-5g-network-market.htm
SOURCE Transparency Market Research
"network" - Google News
November 09, 2020 at 11:30PM
https://ift.tt/3n6ca9n
Private LTE & 5G Network Market Acts as Key Enabler of Industrial IoT Networks, Market to Clock a Robust CAGR of ~49% during 2020 - 2030 - TMR - PRNewswire
"network" - Google News
https://ift.tt/2v9ojEM
https://ift.tt/2KVQLik
Bagikan Berita Ini
0 Response to "Private LTE & 5G Network Market Acts as Key Enabler of Industrial IoT Networks, Market to Clock a Robust CAGR of ~49% during 2020 - 2030 - TMR - PRNewswire"
Post a Comment