Global Private LTE Market to Reach $8.3 Billion by 2027: Open Networking Model and Infusion of Cloud and Virtualization Drives Growth
The global private LTE market size is projected to grow from USD 5.0 billion in 2022 to USD 8.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.
- The global private LTE market size is projected to grow from USD 5.0 billion in 2022 to USD 8.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.
- Major factors such as the need for unique and defined network quality are expected to drive the growth of the global private LTE market.
- A mobile core network is an important element of the private LTE infrastructure.
- North America is expected to have the largest share in the overall private LTE market.