Private industrial networks may pave way to next industrial revolution, with the help of high-performance industrial internet of things (IoT). Private long-term evolution (LTE) networks have gained relevance in this regard. The drive for private LTE stems from the rising demand for optimized communication type to serve the specific needs of enterprises and to support the rising use cases of IoT. They usually use dedicated radio equipment and utilize open-access LTE networks that can be licensed, unlicensed, or shared. Low latency and resilience to traffic fluctuations are some of the key benefits accounting for the rising popularity of private LTE networks. The ease of deploying private LTE for business-critical use cases, especially in developed nations, is one of the many compelling propositions bolstering its popularity.
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In numerous countries, private LTE will help set a wireless broadband access for enterprises using shared spectrum. For instance, the U.S. government has announced few months back that it allowed enterprises to use 3.5GHz Citizens Broadband Radio Service (CBRS) band for private LTE networks. The new approved CBRS band will be used by CBRS for running IoT in local, secured LTE networks.
Efforts in Commercial Deployment of Private LTE to speed up 5G Rollouts
The private LTE market will witness rapid growth momentum from growing efforts of telecom companies for expediting 5G roll-outs. The band will be increasingly used by mobile network operators for adding to their existing spectrum. The demand is supported by the rising use of mobile broadband. Constant strides toward the commercial deployment of private LTE in the existing spectrum.
Enterprises across various verticals are increasingly leveraging designed-for-purpose private LTE networks for setting on-premises private wireless networks. The rising use of high-performance industrial networks to support growing use cases of machine learning and artificial intelligence technology. The advent of multi-vendor solutions and services is a prominent trend in the global private LTE networks market.
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The rising adoption of machine-to-machine communication in industrial sectors has also led companies from the non-IT sector, such as from the healthcare, manufacturing, and transportation industries to benefit from high-end LTE deployment. Rapid inroads being made by IoT devices in the aforementioned sectors are bolstering the commercial deployment of private LTE.