Global Private LTE Market to Reach $6.258 Billion by 2027
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Thursday, August 4, 2022
Chief digital officer, NSA, USS Red Rover (1859), Western Canada Wilderness Committee, Hutchison Asia Telecom Group, Teck Resources, GSM, Technology, NTT, UMTS, Geography, Growth, IOT, APT, Creativity, Nokia, School, Acquisition, Robert Shaw (business writer), Partnership, North Hills (Pennsylvania), LTE, PMR, Shaw, CAGR, Red Rover, Ericsson, Telecom, Radio, Adoption, Mobile phone, Kajeet, Teck
DUBLIN, Aug. 4, 2022 /PRNewswire/ -- The "Private LTE Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
Key Points:
- DUBLIN, Aug. 4, 2022 /PRNewswire/ -- The "Private LTE Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
- The private LTE market is projected to grow at a CAGR of 11.88% during the forecast period to reach US$6.258 billion by 2027, from US$2.852 billion in 2020.
- The emergence of 5G, technological advancements, and a fiercely competitive landscape are expected to drive the private LTE market onward.
- The deployment of private LTE networks by Teck Resources Limited and NLMK Groups' initiative to adopt a private LTE network into their facilities are the best examples of this.