Annual investments in private LTE and 5G network infrastructure will cross $2.5 billion in 2018 and $5 billion by 2021, SNS Telecom & IT said in its latest research report.
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Telecom industry body 3GPP has recognized the capabilities of LTE for MCPTT (Mission-Critical PTT).
Global telecom operators are considering LTE as a critical communications platform for the delivery of mission-critical services such as PTT group communications, real-time video surveillance, among others.
Organizations – from public safety agencies to railway operators – across the global critical communications industry are making investments in private LTE and 5G-ready networks to ensure safety.
Private LTE and 5G networks can ensure better connectivity as compared with traditional wireless networks.
Enterprises are looking for deploying small-scale private LTE and 5G-ready networks in industrial IoT (Internet of Things) settings. LTE and 5G promise reliability, availability and low latency requirements for connectivity in industrial control and automation systems, besides supporting mobility for robotics and machines.
The use of private LTE and 5G networks – in enterprise buildings, campuses and public venues, for localized connectivity – is expected to grow with the emergence of capabilities such as multi-operator small cells and shared/unlicensed spectrum access schemes.
Private LTE and 5G networks will deliver wireless connectivity for critical communications, industrial IoT, enterprise & campus environments, and public venues.
SNS Telecom & IT estimates that the Private LTE and 5G networks market will further grow at a CAGR of approximately 30 percent between 2018 and 2021, eventually accounting for more than $5 billion by the end of 2021.