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Private LTE Market 2020-2026; Growth Forecast & Industry Share Report

It has been estimated that the global private LTE market would record an overwhelming valuation of $13 billion over 2020-2026, driven predominantly by the need for reliable and secure communication across connected devices. Not only this, rapid urbanization and industrialization have as well brought a need for adoption of advanced technologies for carrying out smart manufacturing and logistics. That said, in order to cater to this mounting trend of digital workspace and mass customization, firms are taking hold of deploying IIoT and private LTE networks for enhancing their productivity and performance with reduced human intervention.

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Private LTE Market 2020-2026; Growth Forecast & Industry Share Report

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  1. Private LTE Market Growth | Industry Analysis Report, 2020-2026

  2. Continued… • It has been estimated that the global private LTE market would record an overwhelming valuation of $13 billion over 2020-2026, driven predominantly by the need for reliable and secure communication across connected devices. • Not only this, rapid urbanization and industrialization have as well brought a need for adoption of advanced technologies for carrying out smart manufacturing and logistics. That said, in order to cater to this mounting trend of digital workspace and mass customization, firms are taking hold of deploying IIoT and private LTE networks for enhancing their productivity and performance with reduced human intervention.

  3. KeyInsights Private LTE Market: • It is established that the mining sector plays an important role in the infrastructure development and economy of the nation as it is vital for harvesting treasured metals. However, it also stands prominent as a field of risk for almost all the workers as many mines are situated in remote locations or deep underground, which are nearly inaccessible. • In fact, it was observed that the industry recorded around 17 fatalities in 2017 alone, which could have been avoided with the use of either autonomous or remotely controlled equipment operating in private network. Perhaps, this provoked the need for adoption of private LTE networks.

  4. Latest Research Private LTE Market@ https://bit.ly/39TcbIO Request for a Sample Copy of This Research Report @ https://bit.ly/39OoO7Z

  5. Major Companies Private LTE Market: • AT&T • Boingo • Casa Systems • Cisco • Druid Software • Ericsson • Future Technologies • General Dynamics

  6. Regional Private LTE Market: Speaking on the regional front, North America had acquired a fair share in the overall industry in 2019 and is further anticipated to dominate the market by 2026. This growth predominantly comes from elevating demand for smart connected systems across various industry domains including transportation, manufacturing, and urban planning.

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