At 11.7% CAGR, Middle East & Africa Private LTE Markets Projected to be Worth US$ 1,035.95 Million by 2030, says Business Market Insights.

According to Business Market Insights’ research, the Middle East & Africa private LTE market was valued at US$ 426.42 million in 2022 and is expected to reach US$ 1,035.95 million by 2030, registering a CAGR of 11.7% from 2022 to 2030. Increasing adoption of IoT in manufacturing sector and growing demand for reliable & efficient communications network infrastructure are among the critical factors attributed to the Middle East & Africa private LTE market expansion.             

The increasing adoption of Industry 4.0, industrial IoT, and automated technology are significantly fueling the demand for the private LTE market. The continuous advancements in connectivity are the key parameters positively influencing the market. An increasing number of connected devices in the manufacturing sector are generating massive amounts of data, which needs to be analyzed effectively for smooth business operations. The growing investments in machine-to-machine (M2M) and traditional IoT have enabled a significant increase in the economies of scale that drive the adoption of private LTE across the sector.

Private LTE service providers highly focus on offering personal LTE services for the manufacturing sector worldwide. The market is witnessing various initiatives for the development of advanced private LTE solutions for the manufacturing sector. Thus, owing to the above parameters increasing adoption of IoT in manufacturing sector is a potential driver for the private LTE market.

On the contrary, 5G deployment with private LTE devices the growth of Middle East & Africa private LTE market.

Based on component, the Middle East & Africa private LTE market is bifurcated into solution and services. The solution segment held 54.2% market share in 2022, amassing US$ 231.08 million. It is projected to garner US$ 530.31 million by 2030 to expand at 10.9% CAGR during 2022–2030.

Based on services, the Middle East & Africa private LTE market is bifurcated into professional services and managed services. The managed services segment held 65.0% share of Middle East & Africa private LTE market in 2022, amassing US$ 126.96 million. It is projected to garner US$ 341.46 million by 2030 to expand at 13.2% CAGR during 2022–2030.

By type, the Middle East & Africa private LTE market is bifurcated into FDD and TDD. The FDD segment held 51.3% share of Middle East & Africa private LTE market in 2022, amassing US$ 218.76 million. It is projected to garner US$ 435.70 million by 2030 to expand at 9.0% CAGR during 2022–2030.

In terms of end user, the Middle East & Africa private LTE market is segmented into manufacturing, energy & utilities, healthcare, transportation, mining, and others. The manufacturing segment held 28.9% share of Middle East & Africa private LTE market in 2022, amassing US$ 123.30 million. It is projected to garner US$ 244.14 million by 2030 to expand at 8.9% CAGR during 2022–2030.

Based on country, the Middle East & Africa private LTE market has been categorized into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 41.6% share of Middle East & Africa private LTE market in 2022. It was assessed at US$ 177.55 million in 2022 and is likely to hit US$ 480.03 million by 2030, exhibiting a CAGR of 13.2% during 2022–2030.            

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

• In November 2020, Star Solutions partnered with Paratus, a full-service pan-African telecommunications operator, to supply its Sonata E.P.C. core Virtualized LTE Core Network platform for deployment in Namibia. The partnership intended to allow Paratus to continue delivering a robust, high-speed Internet service and grow its African customer base.

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