Private LTE Market could grow to $31B by 2022

The Private LTE Market is expected to grow to around $31 billion by 2022, say some market analysts. Market growth will occur in several vertical markets with a wide area of industries likely to take advantage of new 4G and 5G LTE technologies.

Private LTE Market for 4G & 5G devices expected to grow

Specific sectors for the growing Private LTE Market include:

  • Manufacturing
  • Hospitals
  • Laboratories
  • Power Generation
  • Oil & Gas Rigs, Distribution, Transport
  • Water Treatment
  • Surface and Underground Mining
  • Distribution Warehouses
  • Shipping Ports
  • Transportation
  • Security, CCTV, Safe City
  • Smart Cities

Additional Markets for Private LTE

In addition, there are expected to be future markets created to exploit growing demand for always-on, connected devices, IoT, Machine Vision and Robotics and more.

Equipment needed for Private LTE

Organisations intending to build a Private LTE network will need LTE Base Station (eNodeB, gNodeB), Core Infrastructure (EPC, HSS), Custom private SIM cards and CPE devices. Some vendors offer a complete range of products for end-to-end solution with proven interoperability between devices.

Software and Services required for Private LTE

Some vendors provide all required software for LTE, which can include:

  • RF planning software
  • Dimensioning Tools
  • Device Management Software
  • Network Management Software
  • LTE Billing Systems
  • EPC core software
  • HSS core software

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