Lucintel Forecasts the Global Private LTE & 5G Network Market to Reach $9.9 billion by 2030
Lucintel Forecasts the Global Private LTE & 5G Network Market to Reach $9.9 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global private LTE & 5G
network market looks promising with opportunities in the industrial manufacturing, utility
& electrical power, public venue, healthcare, supply chain, and natural resources
markets. The global private LTE & 5G network market is expected to reach an
estimated $9.9 billion by 2030 from $5.4 billion in 2023, at a CAGR of 10.8% from 2024
to 2030. The major drivers for this market are increasing use of private LTE and 5G
networks for applications related to smart cities and the Internet of Things, growing
demand for high-speed and low-latency connectivity, as well as, rising number of
electronic devices and sensors globally.
A more than 150-page report to understand trends, opportunity and forecast in private
LTE & 5G network market to 2030 by type (private LTE, infrastructure, device, 5G,
infrastructure, and device), application (real-time surveillance, operations visibility &
optimization, authentication & access control, worker safety monitoring, remote
diagnostics & predictive maintenance, and asset management), end use (industrial
manufacturing, utilities & electrical power, public venues, healthcare, supply chain, and
natural resources), and region (North America, Europe, Asia Pacific, and the Rest of the
World)..
Lucintel forecasts that private LTE is expected to witness the highest growth over the
forecast period due to improved device experience, optimum radio security, and
enhanced performance offered by private LTE network to the consumers.
Download sample by clicking on private LTE & 5G network market
APAC is expected to witness highest growth over the forecast period due to rising
urbanization, industrialization, and infrastructure development, along with the significant
demand for advanced communication network in the region.
Deutsche Telekom, Ericsson, ADVA Optical Networking, AMBRA Spectrums, Blue
Wireless Pte, Thinksmallcell, Fujitsu are the major suppliers in the private LTE & 5G
network market.
This unique research report will enable you to make confident business decisions in this
globally competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than
1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust
market & unmet needs analysis. We are based in Dallas, TX and have been a trusted
advisor for 1,000+ clients for over 20 years. We are quoted in several publications like
the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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