Private LTE Market 2023 : Trends, Growth and Industry Analysis

Private LTE is a network system that is capable of operating a standards-based LTE network in both licensed and unlicensed spectrum, with local control serving specific devices and users. While the public LTE system manages the network for both individual and enterprise users, private LTE is designed specifically for enterprise users.

Private LTE network is based on technologies developed for wide-area mobility and can be easily adapted for deployment at private organizations. Organizations using a private LTE network can control their networking environment, which allows them to modify the networking technology and optimize it for their own purpose. Private LTE network systems are designed to focus on communication between machines and devices.

The technology segment in the private LTE market is further classified into Frequency Division Duplex (FDD) and Time Division Duplex (TDD) technologies. The FDD technology segment is expected to hold the highest market share

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They also help organizations integrate all their applications and systems on a common dedicated network. They assist the IT staff of enterprises in understanding the private LTE system and learning the operations and monitoring of it. Moreover, they save enterprises’ deployment time and avoid the additional cost spending on the deployment of the private LTE network system.

As the FDD technology uses different frequency bands for sending and receiving operations, sending and receiving data signals do not interfere with each other. This technique makes FDD a better choice than Time Division Duplex (TDD) for managing symmetric traffic, such as voice applications, in broadband wireless networks.

The major vendors in the private LTE market are Nokia (Finland), Ericsson (Sweden), Huawei (China), NEC (Japan), Verizon (US), Cisco (US), Samsung (South Korea), Comba (China), Arris International (US), Sierra Wireless (Canada), NetNumber (US), Lemko (US), General Dynamics (US), Future Technologies (US), pdvWireless (US), Quortus (UK), Ambra Solutions (Canada), Zinwave (US), Redline Communications (Canada), Athonet (Italy), Mavenir (US), Star Solutions (Canada), Druid Software (Italy), Ursys (Australia), and Luminate Wireless (US).