Report : South America Private LTE Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), Type (FDD and TDD), and End- user (Manufacturing, Energy & Utilities, Healthcare, Transportation, Mining, and Others)

Transportation Segment is expected to be the Fastest Growing during the forecast period for 2021-2028.

  According to a new market research study on “SAM Private LTE Market to 2028 – COVID-19 Impact and Analysis and Forecast by: Component, Type, and End user,” is expected to reach US$ 729.70 million by 2028 from US$ 279.96 million in 2021. The market is estimated to grow at a CAGR of 14.7% from 2021 to 2028. The report provides trends prevailing in the SAM private LTE market along with the drivers and restraints pertaining to the market growth. Surge in adoption of IoT in manufacturing sector is the major factor driving the growth of the SAM private LTE market. However, issues associated with the increase in exploitation of IoT devices hinder the growth of SAM private LTE market.

The SAM private LTE market is segmented into component, type, end-user, and country. Based on component, the market is segmented into solution and services. The services segment dominated the market in the year 2020 and is also expected to be the fastest growing during forecast period. Based on type, the market is segmented into FDD and TDD. The FDD segment dominated the market in year 2020 and TDD segment is expected to be the fastest growing during the forecast period. Based on end- user, the market is segmented into manufacturing, energy & utilities, healthcare, transportation, mining, and others.  The manufacturing segment dominated the market in year 2020 and transportation segment is expected to be the fastest growing during the forecast period.

Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among other South American countries. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. The governments of various countries in SAM are taking several initiatives to protect people and to control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. Brazil, Argentina, and Chile have witnessed huge decline in their respective manufacturing sectors. In the wake of COVID-19 spread, the private LTE devices manufacturers and supply chain companies have experienced huge decline in their sales during the first 6months of 2020. Post restrictions getting eased, the manufacturing units have commenced their operations which has created a positive impact in the production and supply of LTE.

Cisco Systems, Inc, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Samsung Group, CommScope Inc., NetNumber, Inc., Star Solutions, and Verizon Communications, Inc. are among the leading companies in the SAM Private LTE market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Cisco is enriching the 5G network infrastructure with the aim to help communication service providers and web-scale companies to provide high speed internet connectivity services to their users across the globe.

The report segments the SAM Private LTE market as follows:

 SAM Private LTE Market – By Component

  • Solution
  • Services
    • Professional Services
    • Managed Services

SAM Private LTE Market – By Type

  • FDD
  • TDD

SAM Private LTE Market – By End User

  • Manufacturing
  • Energy & Utilities
  • Healthcare
  • Transportation
  • Mining
  • Others

SAM Private LTE Market – By Country

  • Brazil
  • Argentina
  • Rest of SAM
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