Private LTE and 5G: Sprouting and Ready to Rise
Each vertical market area taking on different business models and growth profiles
A new report outlining the future of Private LTE and 5G hit the virtual shelves from industry specialists, Mobile Experts.
COVID-19 brought uncertainty to most industries last year, and Private LTE/5G was no exception. But the COVID lockdown also clarified the need for automation, Augmented Reality, and other technology tools in the workplace. The benefits of Private LTE/5G networks became clear during the events of last year and clarified the future of the growing market.
“Despite COVID, the private LTE/5G infrastructure and device market grew over 7% last year,” commented Principal Analyst, Kyung Mun. “Mobile Experts has observed active engagements from key suppliers of private LTE/5G solutions. Private spectrum is now available to unleash companies to use private networks. Mobile network operators and cloud players are bringing pre-packaged and custom Core/RAN/Transport solutions for varying needs across different industries. Virtualization is encouraging new players to enter the market and innovate—all that to say, we are seeing the momentum building and we expect this market to begin a strong and lengthy growth phase.”
This report breaks down the Private Wireless market into vertical market segments, analyzing each segment independently and thoroughly. In particular, Mobile Experts has investigated six areas in depth:
- Oil & Gas
- Government/Public Sector
In each vertical market, Mobile Experts probed the operators, suppliers, and enterprise customers to understand the future Private Wireless business models. This report provides a clear forecast for Enterprise-direct, Hybrid, and Private Wireless-as-a-Service business models, using various network solutions ranging from 5G network slices to on-premises radio hardware and cloud-based Core network solutions.