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.
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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