Report : South & Central America Private LTE Market Forecast to 2030 - Regional analysis - by Component [Solution and Services (Professional Services and Managed Services)], Type (FDD and TDD), and End User (Manufacturing, Energy & Utilities, Healthcare, Transportation, Mining, and Others)
At 10.1% CAGR, South & Central America Private LTE Markets Speculated to be Worth US$ 619.98 Million by 2030, says Business Market Insights.
According to Business Market Insights’ research, the South & Central America private LTE market was valued at US$ 287.51 million in 2022 and is expected to reach US$ 619.98 million by 2030, registering a CAGR of 10.1% from 2022 to 2030. Emergence of new industrial and residential use cases and demand for ultra-reliable, low latency communication are among the critical factors attributed to the South & Central America private LTE market expansion.
The advent of private LTE has brought many new use cases for industrial and residential uses that are anticipated to be enabled by evolving networks over the years. Fixed Wireless Access (FWA) for residential use and distributed cloud for industries could be examples of this kind. A market competing with fixed broadband access is driving a need for higher bandwidth. The objective is to provide fiber-like speeds that meet the demand for residential streaming services, such as TV and video. Typical data speed demand ranges from 100 to 4,000 Mbps. However, there is a limited business case to provide fixed broadband alternatives. Specific data speed demand ranges from 50 to 200 Mbps.
Networks are evolving to handle utilize cases with different demands on integrity, mobility, data rates, latency, scalability, security, reliability, and availability. Such requests can be met by distributed cloud architecture, which enables application deployment at distributed, central, and edge sites to meet specific use case requirements. Compared to what is possible from major sites, providing services closer to the user reduces the network transport delay and enables faster time to action, content, and control. Executing workloads closer to the network edge also reduces the need for backhaul bandwidth and capacity, and the distribution of workloads and storage over multiple sites increases availability. Overall, the emergence of these new use cases is making private LTE a more attractive option for a wider range of industries and individuals. As the technology matures and becomes more cost-effective, more innovative applications are expected to emerge, further fueling the growth of the private LTE market.
On the contrary, 5G deployment with private LTE devices the growth of South & Central America private LTE market.
Based on component, the South & Central America private LTE market is bifurcated into solution and services. The solution segment held 55.6% market share in 2022, amassing US$ 159.75 million. It is projected to garner US$ 326.45 million by 2030 to expand at 9.3% CAGR during 2022–2030.
Based on services, the South & Central America private LTE market is bifurcated into professional services and managed services. The managed services segment held 66.5% share of South & Central America private LTE market in 2022, amassing US$ 84.95 million. It is projected to garner US$ 203.08 million by 2030 to expand at 11.5% CAGR during 2022–2030.
By type, the South & Central America private LTE market is bifurcated into FDD and TDD. The FDD segment held 53.5% share of South & Central America private LTE market in 2022, amassing US$ 153.92 million. It is projected to garner US$ 277.20 million by 2030 to expand at 7.6% CAGR during 2022–2030.
In terms of end user, the South & Central America private LTE market is segmented into manufacturing, energy & utilities, healthcare, transportation, mining, and others. The manufacturing segment held 32.2% share of South & Central America private LTE market in 2022, amassing US$ 92.67 million. It is projected to garner US$ 162.77 million by 2030 to expand at 7.3% CAGR during 2022–2030.
Based on country, the South & Central America private LTE market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 46.5% share of South & Central America private LTE market in 2022. It was assessed at US$ 133.75 million in 2022 and is likely to hit US$ 309.57 million by 2030, exhibiting a CAGR of 11.1% during 2022–2030.
Key players operating in the South & Central America private LTE market are Cisco Systems Inc, Telefonaktiebolaget LM Ericsson, Huawei Investment & Holding Co Ltd, Samsung Group, Star Solutions, and Kyndryl Holdings Inc, among others.
- In March 2023, Huawei revealed a fresh project involving Private Networks at M.W.C. 2023. The Huawei Private Network Alliance, a new initiative from the business, intended to unite top players in the private network industry. The association gave members a forum to exchange knowledge and resources, enabling them to work together on creating fresh Private Networks-related products and services.
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