Private LTE Market worth $8.3 billion by 2027, growing at a CAGR of 10.6%: Report by MarketsandMarke
April 28, 2023 ⚊ 1 Min read ⚊ Views 36 ⚊ NEWS
The global Private LTE Market size is projected to grow from USD 5.0 billion in 2022 to USD 8.3 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period, according to a new report by MarketsandMarkets™. Private LTE is a mobile cellular network developed and owned by enterprises to support the connectivity requirements of organizations. It resembles all the characteristics of LTE networks developed by the 3rd Generation Partnership Project (3GPP), specifically designed to work across all the mission-critical business applications to support enterprises’ digital transformation initiatives.
Tags: Private LTE Market
