Private LTE Market Share

North American Market Forecast

Private LTE market in the North American region is predicted to hold the largest revenue share of about 35% during the forecast period. The private LTE market growth in this region is because 5G networks are widely used in the area and because artificial intelligence (AI) and other smart connected gadgets are becoming increasingly popular. In North America, there will be close to 406 million 5G subscriptions by 2028. In North America, there were 166 million 5G subscriptions in 2022. Furthermore, as businesses move toward digitization, there is a growing need for wireless networks. These factors, along with the availability of unlicensed and shared spectrum in private LTE networks, present opportunities for service providers to offer the newest technological advancements in high-speed internet service.

European Market Statistics

Private LTE market in the European region is projected to hold the second-largest revenue share of about 30% share during the projected period. Strong economic growth and continuous telecom sector development are pushing businesses to make significant investments in private LTE to maintain expansion and boost efficiency. The need for private LTE is increasing in Europe as a result of this significant move toward digital transformation and an increase in cloud deployment.