Private LTE Market to cross USD 19 Bn revenue by 2028: Global Market Insights Inc.
SELBYVILLE, Del., April 20, 2022 /PRNewswire/ -- The private LTE market size is expected to record a valuation of USD 19 billion by 2028, according to the most recent study by Global Market Insights Inc. The market growth is driven by the increasing penetration of connected vehicles.
- SELBYVILLE, Del., April 20, 2022 /PRNewswire/ --The private LTE market size is expected to record a valuation of USD 19 billion by 2028, according to the most recent study by Global Market Insights Inc .
- The backhaul segment held 30% of private LTE market share in 2021 due to shifting consumer demand toward 4G and LTE mobile connectivity.
- The private LTE market for training and consulting service segment accounted for 20% of revenue share in 2021.
- The rapidly growing BYOD trend across the enterprises is providing momentous growth opportunities to the private LTE market.