Published Date: 2021-03-08
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European Private LTE Network Market size is expected to cross USD 3 billion by 2026, according to a latest forecast report by Graphical Research.
The market growth is attributed to rising demand for low latency and high bandwidth networks. Private LTE networks enable organizations to enhance their operational efficiency and offer a dedicated coverage & capacity of high-speed 4G networks. Various enterprises are turning to private LTE technology, which offers them a complete control to decide who can access the network and which features to offer on the network. By deploying their dedicated private networks, they can improve the security of their business applications and get the requisite bandwidth to support their mission-critical applications.
In Europe, eNodeB held a private LTE network market share of over 20% in 2019. Unlike legacy 3G networks, LTE networks use evolved nodeB to handle radio communication with multiple devices, eliminating the need for a centralized radio network controller. LTE eNodeB maximizes the use of ultra-wide bandwidth of LTE networks to enable high-speed connections that provide end-users with mobile data services such as video-on-demand and high-simulation video conferencing. For instance, Huawei offers LTE eNodeB that supports a downlink rate of up to 150Mbps in commercial networks. The growing deployment of Distributed Antenna Systems in shopping malls, stadiums, and outdoor arenas to support the demand for high bandwidth enables mobile operators to embrace eNodeB LTE small cell base stations.
The manufacturing segment is estimated to witness over 20% CAGR between 2020 and 2026. Rapid industrialization and urbanization have resulted in the adoption of advanced technologies to carry out smart manufacturing and logistics. Smart wireless manufacturing has accelerated the fourth industrial revolution, which has transformed plants and factories through wireless technologies. To meet the growing trend of digital workplaces & mass customization, manufacturing firms are adopting industrial IoT and private LTE networks, augmenting their productivity & performance with reduced human intervention.
Browse detailed statistical insights from the report, “Europe Private LTE Market Size, By Application (Public Safety, Defense, Mining, Transport, Energy, Manufacturing), By Component (Product [Infrastructure {Evolved Packet Core (EPC), Backhaul, eNodeB}, Device {Smartphones, Handheld Terminals, Vehicular Routers, IoT Modules}], Service [Training & Consulting, Integration & Maintenance, Managed Service]), Research Report, Country Outlook (UK, Germany, France, Spain, Italy, Norway, Netherlands), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1682/europe-private-lte-market
Germany market is projected to grow significantly during the forecast period. Telecom operators in the country are upgrading their network infrastructure and conducting several 5G trials to pave the way for new technology. For instance, in June 2018, Deutsche Telekom deployed 300 mobile base stations across Germany to expand the mobile infrastructure in both urban & rural areas. The company has planned to raise the base stations in Germany from 27,000 in 2017 to 36,000 in 2021 to bridge the gaps in mobile communication in certain areas, allowing telco operators to expand their mobile coverage to 98% by 2019 followed by an increase in the bandwidth.
Some of the leading companies operating in the market include AT&T Inc., Boingo Wireless, Inc., Casa Systems, Inc., Cisco Systems, Inc., Druid Software, Telefonaktiebolaget LM Ericsson, General Dynamics Corporation, Huawei Technologies Co., Ltd., Nokia Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd., and Sierra Wireless, Inc.
The European private LTE network market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026 for the following segments:
Europe Market, By Component
Europe Market, By Application
The above information has been provided for the following countries:
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