Private LTE Market Outlook 2026 Size, Share, Trends, Opportunity and Forecast
According to TechSci Research, Global private LTE market is forecast to grow from over $ 1871 million in 2019, exhibiting a double-digit CAGR of over 21% during the forecast period, on account of increasing demand for connected devices so as to ensure reliable and safe communication between devices. Private LTE is a long-term evolution network designed to serve specific enterprise business or government. Private LTE can be operated by traditional mobile operators or third-party network providers. The network eliminates restrictions associated with conventional network system by supporting both machine and human interaction on a single network. Currently, the market for private LTE is at a nascent stage; however, with the advent of IoT, global private LTE market is expected to gain traction over the next five years. Based on the technology, global private LTE market can be bifurcated into frequency division duplex (FDD) and time division duplex (TDD). FDD technology dominated the p...