North America Private LTE Market report 2020-2026 by regional revenue, growth & trends analysis

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North America Private LTE Market To hit 5.0 Bn
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North America Private LTE Market Size will grow
at USD 5 Billion By 2026.The North America
private LTE market growth is attributed to
expansive penetration of 5G networks and adoption
of low latency devices in critical communication
infrastructure. The regional companies offering
private LTE solutions are partnering with
technology enterprises to conduct infrastructure
testing. For instance, in November 2019, Qualcomm
Technologies Inc. and Siemens AG entered into
partnership to develop and demonstrate private 5G
standalone network for industrial environment.
The companies jointly tested the private 5G
network using 3.7-3.8GHz band. These
collaborative initiatives are further
contributing to the private LTE market
growth. The infrastructure segment in the
private LTE market in North America is expected
to maintain its dominance over the forecast
period, from 2020 to 2026. The growth is
attributed to the consistently increasing higher
bandwidth requirements and cellular
infrastructure in the region. The companies
deploy wireless backhaul networks for
interconnecting the cellular base stations
regardless of the distance or infrastructure. The
backhaul networks are gaining immense popularity
among the MVNOs who prefer these networks to
offer services in remote areas. The managed
service segment in the North America private LTE
market is projected to hold above 30 share by
2026 with a CAGR of above 20.0. The need to
simplify the complex enterprise network
infrastructure and enhance the network efficiency
is enabling the demand for managed services from
enterprises. The companies across the region are
outsourcing the responsibility to manage
maintain the internal infrastructure. The managed
service providers increase consumers expectation
by augmenting network coverage and improving
business performance. This also helps companies
to ensure efficiency throughout infrastructure
workflows and focus on primary business processes.
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The need to ensure safety of the workforce and
resiliency in critical industrial applications is
contributing to the adoption of private LTE
network solutions across the mining industry. The
enterprises operating in the industry are
transitioning to the remotely controlled or
autonomous equipment. The equipment is helping
companies to reduce fatalities in mining
facilities. The growing adoption of remotely
monitored and automated equipment will drive the
demand for private LTE network across the mining
sector, spurring the market growth. Canada is
expected to grow exponentially in the North
America private LTE market from 2020 to 2026. The
market growth is attributed to the expansive
deployments of 5G networks and supportive
government investments. For instance, in June
2020, the government authorities in Canada
announced an investment of USD 150 million for
rural area network development. The investments
are expected to be made in association with
Ontarios Broadband and Cellular Action Plan
initiative. The expansive availability of robust
wireless infrastructure across the country will
fuel the adoption of private LTE solutions. The
companies operating in the private LTE market in
North America are focusing on new product
developments and innovations. For instance, in
December 2020, Verizon launched its private
network platform for enterprise customers called
On-Site LTE. The launched platform facilitates
dedicated, private and secure wireless network
connectivity for mission-critical operations and
applications. This launch helped the company to
expand its private LTE offerings and strengthen
the market presence. Some of the key vendors in
the North America private LTE market include ATT
Inc., Boingo Wireless Inc., Casa Systems Inc.,
Cisco Systems Inc., Future Technologies Venture,
LLC, General Dynamics Corporation, Motorola
Solutions Inc., NetNumber, Inc., PDV Wireless,
Qualcomm Technologies Inc., Rivada Networks,
Ruckus Networks, Sierra Wireless, and SpiderCloud
Wireless.
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Segmentation of North America Private LTE
Market North America Private LTE Market, By
Component Product Infrastructure Device Service Tr
aining Consulting Service Integration
Maintenance Service   North America Private LTE
Market, By Application Public Safety Defense Minin
g Transport The above information has been
provided for the following regions and
countries o North America U.S. Canada
     
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