MulteFire

Global Private LTE Market to Reach $8.3 Billion by 2027: Open Networking Model and Infusion of Cloud and Virtualization Drives Growth

Retrieved on: 
Wednesday, March 22, 2023

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.

Key Points: 
  • 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.

Private LTE Market size worth $ 9 Billion, Globally, by 2028 at 4.4% CAGR: Verified Market Research®

Retrieved on: 
Wednesday, April 6, 2022

JERSEY CITY, N.J., April 6, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Private LTE Market" By Technology (Frequency Division Duplex (FDD), Time Division Duplex (TDD)), By Application (Asset Management, Public Safety), By Industry (Mining, Energy And Utilities), and By Geography. According to Verified Market Research, the Global Private LTE Market size was valued at USD 6 Billion in 2020 and is projected to reach USD 9 Billion by 2028, growing at a CAGR of 4.4% from 2021 to 2028.

Key Points: 
  • According to Verified Market Research, the Global Private LTE Market size was valued at USD 6 Billion in 2020 and is projected to reach USD 9 Billion by 2028, growing at a CAGR of 4.4% from 2021 to 2028.
  • With the increasing demand for expandable and improved bandwidth to improve the rate of speed is the primary factor driving the market growth.
  • However, the issues related to the interoperability and high cost associated with the deployment are the factors hindering the market growth.
  • Verified Market Research has segmented the Global Private LTE Market On the basis of Technology, Application, Industry, and Geography.

Private LTE Market size worth $ 9 Billion, Globally, by 2028 at 4.4% CAGR: Verified Market Research®

Retrieved on: 
Wednesday, April 6, 2022

JERSEY CITY, N.J., April 6, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Private LTE Market" By Technology (Frequency Division Duplex (FDD), Time Division Duplex (TDD)), By Application (Asset Management, Public Safety), By Industry (Mining, Energy And Utilities), and By Geography. According to Verified Market Research, the Global Private LTE Market size was valued at USD 6 Billion in 2020 and is projected to reach USD 9 Billion by 2028, growing at a CAGR of 4.4% from 2021 to 2028.

Key Points: 
  • According to Verified Market Research, the Global Private LTE Market size was valued at USD 6 Billion in 2020 and is projected to reach USD 9 Billion by 2028, growing at a CAGR of 4.4% from 2021 to 2028.
  • With the increasing demand for expandable and improved bandwidth to improve the rate of speed is the primary factor driving the market growth.
  • However, the issues related to the interoperability and high cost associated with the deployment are the factors hindering the market growth.
  • Verified Market Research has segmented the Global Private LTE Market On the basis of Technology, Application, Industry, and Geography.

CBT Joins Nokia Global Partner Program

Retrieved on: 
Monday, March 7, 2022

I am very excited about the relationship with Nokia and synergistic fit into the solution portfolio at CBT, said Lonnie Ludwig, Vice President of Solution Development at CBT.

Key Points: 
  • I am very excited about the relationship with Nokia and synergistic fit into the solution portfolio at CBT, said Lonnie Ludwig, Vice President of Solution Development at CBT.
  • Vikas Trehan, VP of North America Channel Sales at Nokia, said: We are pleased to welcome CBT to the Nokia Global Partner Program.
  • By joining the program, CBT will be able to leverage Nokia private wireless connectivity solutions to help their enterprise customers achieve high productivity and efficiency by accelerating their digital transformation initiatives.
  • To learn more about the benefits of IoT and IT/OT convergence solutions powered by industrial-grade private wireless from CBT and Nokia, customers can schedule a Quickstart ideation session with CBT or reach out directly to the team at [email protected] .

Insights on the MulteFire Global Market to 2026 - Delay in Decision Making Related to Utilization of Shared Spectrum Presents Opportunities - ResearchAndMarkets.com

Retrieved on: 
Monday, February 14, 2022

The Global Multefire Market is estimated to be USD 591.5 Mn in 2021 and is expected to reach USD 2,555.52 Mn by 2026, growing at a CAGR of 34%.

Key Points: 
  • The Global Multefire Market is estimated to be USD 591.5 Mn in 2021 and is expected to reach USD 2,555.52 Mn by 2026, growing at a CAGR of 34%.
  • Furthermore, a shortage of skilled personnel, cybersecurity risk, and high maintenance costs can hinder the growth of the Global MulteFire market.
  • Demand from consumers for low latency has increased the deployment of 5G network, which will further aid the MulteFire market.
  • The Global MulteFire Market is segmented based on Device, Application, and Geography.

MFA Certifies First MulteFire Device and Base Station to Enable Private Networks in Unlicensed Spectrum

Retrieved on: 
Thursday, September 9, 2021

The Nokia MulteFire solution , which is available for deployment with Nokia Digital Automation Cloud, will enable MulteFire LTE-based private network adoption worldwide, unlocking access to unlicensed spectrum.

Key Points: 
  • The Nokia MulteFire solution , which is available for deployment with Nokia Digital Automation Cloud, will enable MulteFire LTE-based private network adoption worldwide, unlocking access to unlicensed spectrum.
  • In addition to supporting 4.9G/LTE private networks, MFA recently announced its expansion to 5G with Uni5G Technology Blueprints, which help provide guidance to enterprises looking to deploy 5G private networks.
  • Private 5G and LTE networks are a rapidly growing market and will account for over $5B in global enterprise expenditure by 2025, said Pablo Tomasi, Principal Analyst, Private Networks, Omdia.
  • The MFA Certification Program is available to MFA members, and it will help facilitate further expansion of the MulteFire private wireless ecosystem.