Private LTE Network Market Growing at 32% CAGR to 2020

PUNE, India, June 29, 2016 /PRNewswire/ --

The new report at Reportsnreports.com on private LTE network market 2016 - 2030 says a number of LTE networks have already been deployed in the railway sector, an example of which is South Korea, where Samsung and SK Telecom have deployed a dedicated LTE network to support railway operations on the 41 km Busan Metro Line 1, which has both underground and above-ground stations. As part of its wider plans, the South Korean government intends to set up and install LTE networks over all rail lines in South Korea by 2025, which span over 4,800 km in length.

Complete report titled "The Private LTE Network Ecosystem: 2016 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts"  spread across 370 pages, analyzing 200 players, 20 network deployment case studies and provides 90 data tables and figures is now available at http://www.reportsnreports.com/reports/604760-the-private-lte-network-ecosystem-2016-2030-opportunities-challenges-strategies-industry-verticals-forecasts.html.

Expected to surpass $800 Million in global investments by the end of 2016, private LTE networks are increasingly becoming the preferred approach to deliver mobile broadband services in the critical communications industry. Fueled by large-scale rollouts in the public safety, energy and other sectors, the market is further expected to grow at a CAGR of 32% between 2016 and 2020. By the end of 2020, the North America region will account for over 35% of all private LTE investments worldwide. However, largely driven by South Korea's rollout plans for public safety, railway and maritime LTE networks, the Asia Pacific region will continue to retain a strong position in the market.

Several companies, such as TEN (Texas Energy Network) and INET (Infrastructure Networks) in the United States, have strategically deployed private LTE networks in remote, oil-rich areas, to exclusively provide mobile broadband services to energy companies. To alleviate large-scale infrastructure investments, several European countries are pairing dedicated private mobile core platforms with commercial LTE networks to deliver prioritized mobile broadband services to public safety subscribers. Conventional LMR industry players are leveraging partnerships with established LTE infrastructure OEMs such as Ericsson, Nokia, Huawei and Samsung, to offer end-to-end private LTE network solutions