With the increasingly global adoption of LTE/4G technology, greater opportunities for private LTE networks are emerging. According to ABI Research, by 2025 those sectors using private LTE will create a market worth $16.3 billion – a CAGR of 45 per cent since 2018.
ABI defines a private LTE network as one that is built for a specific use case; a local network that uses dedicated radio equipment to provide service to a limited area. Of course, private communications networks are nothing new – closed networks have been in use by many verticals, including public safety, the military and transport sectors for decades.
