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Europe Private LTE Market

Europe Private LTE Market

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Europe Private LTE Market

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  1. Europe Private LTE Market Revenue to Exceed USD 3 Billion by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. According to a recent study from market research firm Graphical Research, the Europe private LTE market size is poised to expand at substantial CAGR during the forecast period. The need for greater bandwidth and ultralow latency are driving current and future trends in the Europe private LTE market. With increasing advances in smart city projects, there has been a notable rise in the number of connected devices and sensors that enable communication between different smart city objects. Next generation networks such as LTE, LTE-A, and Bluetooth that support high transmission rates are expected to be the backbone of future smart city developments. LTE-A technology, for instance, has been widely deployed in the region to meet advanced networking requirements in terms of power consumption, interoperability, and robustness. A private LTE infrastructure enables enterprises to boost their operational efficiency by offering a dedicated coverage and capacity of highspeed 4G networks. It provides them with complete control and flexibility to decide which features to offer on the network and who can access them. The Europe private LTE industry size is projected to generate revenue in excess of USD 3 billion by the end of 2026. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Browse detailed statistical insights from the report, “Europe Private LTE Market” along with the table of contents (ToC) @https://bit.ly/3xhHlUc Get sample copy of this research report @ https://www.graphicalresearch.com/request/1682/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Today, most LTE networks utilize an evolved eNodeB infrastructure to handle radio communication with multiple devices, eliminating the need for a centralized network controller. LTE eNodeB maximizes the efficiency of ultrawide bandwidth LTE networks to enable highspeed connections which are frequently required for modern applications such as high simulation video conferencing and video-on-demand. In 2019, eNodeB held over 20% of the market share in terms of revenue and it will record notable growth in the future. Meanwhile, handheld terminals, which accounted for about 40% of Europe private LTE market in 2019, will continue to witness widespread adoption through 2026. They enable smart communication and collaboration by connecting IT personnel, executives, supervisors, and field workers across enterprises and can meet the unique requirements of various industry verticals including manufacturing, hospitality, utilities, and mining. In Europe, the deployment of private LTE networks across the manufacturing sector is likely to grow at a healthy 20% CAGR in the coming years. Smart manufacturing and logistics are accelerating the fourth industrial revolution which is increasingly transforming plants and factories through wireless technologies. Meanwhile, the Europe private LTE industry share from the energy sector will expand at a robust 25% CAGR through 2026. Private LTE solutions allow power and utility companies to connect distributed grid assets to enable higher bandwidth, spectral efficiency, and low costs over wide areas. This in turn helps ensure that both the grid and consumer data is secure at all times. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Germany is likely to be a key market for private LTE solutions providers over the next few years. Telecom operators in the country are conducting new 5G trials and upgrading their network infrastructure to enable the nationwide deployment of the technology. Deutsche Telekom, for example, aims to increase the number of 5G base stations in Germany to 36,000 in 2021 compared to just over 27,000 back in 2017. U.K. captured nearly 30% revenue share of Europe private LTE industry during 2019 and is set to grow substantially through 2026. The U.K. government has implemented numerous policies to boost the adoption of secure mobile virtual network operator (MVNO), enabling mobile core platforms to deliver highspeed broadband capabilities for mission critical applications. AT&T Inc., Cisco Systems, Inc., Casa Systems, Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Nokia Corporation, General Dynamics Corporation, Sierra Wireless, Inc., Druid Software, and Qualcomm Incorporated are among the prominent names in the industry. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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