At 9.1% CAGR, Europe Private LTE Markets Projected to be Worth US$ 2,923.36 Million by 2030, says Business Market Insights.

According to Business Market Insights’ research, the Europe private LTE market was valued at US$ 1,457.49 million in 2022 and is expected to reach US$ 2,923.36 million by 2030, registering a CAGR of 9.1% from 2022 to 2030. Opportunities in developing economies and demand for ultra-reliable, low latency communication are among the critical factors attributed to the Europe private LTE market expansion. 

Private LTE networks are becoming increasingly popular in developing countries as they offer several advantages over traditional public cellular networks. Advantages such as:

• Improved security and privacy: Private LTE networks can be customized to meet businesses' and organizations' specific security and privacy needs. This is important for companies that handle sensitive data, such as banks and hospitals.
• Greater control: Businesses and organizations control a private LTE network more than a public cellular network. This means they can tailor the web to their needs and requirements.

Private LTE is used in several sectors, such as agriculture, manufacturing, healthcare, and education, in developing countries.

Further, the market for private LTE in developing countries is expected to increase in the coming years due to the easy availability of LTE equipment, the growing demand for reliable and secure connectivity, and the increasing number of businesses and organizations adopting digital technologies.

On the contrary, 5G deployment with private LTE devices the growth of Europe private LTE market.

Based on component, the Europe private LTE market is bifurcated into solution and services. The solution segment held 58.5% market share in 2022, amassing US$ 852.92 million. It is projected to garner US$ 1,629.95 million by 2030 to expand at 8.4% CAGR during 2022–2030.

Based on services, the Europe private LTE market is bifurcated into professional services and managed services. The managed services segment held 61.5% share of Europe private LTE market in 2022, amassing US$ 372.02 million. It is projected to garner US$ 828.68 million by 2030 to expand at 10.5% CAGR during 2022–2030.

By type, the Europe private LTE market is bifurcated into FDD and TDD. The FDD segment held 56.2% share of Europe private LTE market in 2022, amassing US$ 818.76 million. It is projected to garner US$ 1,397.67 million by 2030 to expand at 6.9% CAGR during 2022–2030.

In terms of end user, the Europe private LTE market is segmented into manufacturing, energy & utilities, healthcare, transportation, mining, and others. The manufacturing segment held 32.0% share of Europe private LTE market in 2022, amassing US$ 466.28 million. It is projected to garner US$ 799.15 million by 2030 to expand at 7.0% CAGR during 2022–2030.

Based on country, the Europe private LTE market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 30.0% share of Europe private LTE market in 2022. It was assessed at US$ 436.52 million in 2022 and is likely to hit US$ 763.72 million by 2030, exhibiting a CAGR of 7.2% during 2022–2030.

Key players operating in the Europe private LTE market are Cisco Systems Inc, Telefonaktiebolaget LM Ericsson, Huawei Investment & Holding Co Ltd, Samsung Group, Verizon Communications Inc, CommScope Holding Co Inc, Star Solutions, Sierra Wireless Inc, and Kyndryl Holdings Inc, among others.

• In April 2021, Verizon signed with Associated British Ports (ABP) to deploy a Private 5G/LTE Network at the Port of Southampton. The 5G platform provided a secure, low-latency private network connection to all 21 ports where ABP operates.
• In February 2020, Inseego was working to partner with CommScope on 3.5GHz equipment for sale to enterprises. The situation highlighted interest in the market for private wireless LTE networks.

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