South & Central America Private LTE Market Forecast to 2030
South & Central America Private LTE Market Forecast to 2030 – Regional analysis – by Component [Solution and Services (Professional Services and Managed Services)], Type (FDD and TDD), and End User (Manufacturing, Energy & Utilities, Healthcare, Transportation, Mining, and Others)
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Description
Demand for Ultra-Reliable, Low Latency Communication Fuels South & Central America Private LTE Market.
The demand for greater bandwidth grows as people interact in high-definition video and receive increasingly immersive experiences with virtual reality and cloud gaming. Machines, too, rely on high-speed, low-latency networking, especially as industrial processes become more automated.
Private LTE is being built to enable services for latency-sensitive devices in applications such as autonomous driving, factory automation, remote surgery, mission-critical communications, and VR/AR entertainment. These applications require sub-millisecond latency and error rates of fewer than one packet per 105. Ultra-reliable low-latency communications (URLLC) application cases have stringent latency and reliability requirements.
Cellular networks encounter challenges due to channel fading, interference levels, and user equipment (UE) movement. Private LTE technology enables high reliability, low latency, and optimal multiplexing of URLLC and other traffic in the system. Throughout the projection period, remote LTE deployment must be planned to meet high latency and reliability standards for URLLC, i.e., be suitable for the private LTE market.
South & Central America Private LTE Market Overview
The private LTE market in South & Central America has been further segmented into Brazil, Argentina, and the Rest of South & Central America. Countries in SAM are attracting huge FDIs. The availability of cheap labor, low entry barriers, and low interest rates are the key factors driving FDI in the region’s manufacturing sector. Certain countries in the region have relaxed FDI regulations. Thus, they are attracting investments from several companies. For instance, Argentina is concentrating on attracting FDIs by taking several initiatives, such as easing import restrictions, signing international bilateral agreements, and lifting restrictions on foreign investment. These initiatives are expected to help in the development of the manufacturing sector in SAM. To boost the overall production process in the manufacturing industry, the implementation of a private LTE network is growing in the region.
Due to an increase in innovative city projects, there is a proliferation in demand for mobiles, smartphones, and enhanced internet service among the South American masses. More than 82% of the South American population lives in urban areas, and the percentage is anticipated to grow to 90% by 2050. Economic development is one of the most significant drivers of urbanization, and it surges the interest in smart cities in the region. The increasing deployment of private LTE networks across various industries is boosting the region’s market.
South & Central America Private LTE Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Private LTE Market Segmentation
The South & Central America private LTE market is segmented based on component, type, end user, and country. Based on component, the South & Central America private LTE market is segmented into solution and services . The services segment is further bifurcated into professional and managed services. The solution segment held a larger market share in 2022.
Based on type, the South & Central America private LTE market is bifurcated into FDD and TDD. The FDD segment held a larger market share in 2022.
Based on end user, the South & Central America private LTE market is segmented into manufacturing, energy & utilities, healthcare, transportation, mining, and others . The manufacturing segment held the largest market share in 2022.
Based on country, the South & Central America private LTE market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America private LTE market share in 2022.
Cisco Systems Inc, Telefonaktiebolaget LM Ericsson, Huawei Investment & Holding Co Ltd, Samsung Group, Star Solutions, and Kyndryl Holdings Inc are some of the leading companies operating in the South & Central America private LTE market.
Summary Info
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According to the Research Team’ research, the South & Central America private LTE market was valued at US$ 287.51 million in 2022 and is expected to reach US$ 619.98 million by 2030, registering a CAGR of 10.1% from 2022 to 2030. Emergence of new industrial and residential use cases and demand for ultra-reliable, low latency communication are among the critical factors attributed to the South & Central America private LTE market expansion.
The advent of private LTE has brought many new use cases for industrial and residential uses that are anticipated to be enabled by evolving networks over the years. Fixed Wireless Access (FWA) for residential use and distributed cloud for industries could be examples of this kind. A market competing with fixed broadband access is driving a need for higher bandwidth. The objective is to provide fiber-like speeds that meet the demand for residential streaming services, such as TV and video. Typical data speed demand ranges from 100 to 4,000 Mbps. However, there is a limited business case to provide fixed broadband alternatives. Specific data speed demand ranges from 50 to 200 Mbps.
Networks are evolving to handle utilize cases with different demands on integrity, mobility, data rates, latency, scalability, security, reliability, and availability. Such requests can be met by distributed cloud architecture, which enables application deployment at distributed, central, and edge sites to meet specific use case requirements. Compared to what is possible from major sites, providing services closer to the user reduces the network transport delay and enables faster time to action, content, and control. Executing workloads closer to the network edge also reduces the need for backhaul bandwidth and capacity, and the distribution of workloads and storage over multiple sites increases availability. Overall, the emergence of these new use cases is making private LTE a more attractive option for a wider range of industries and individuals. As the technology matures and becomes more cost-effective, more innovative applications are expected to emerge, further fueling the growth of the private LTE market.
On the contrary, 5G deployment with private LTE devices the growth of South & Central America private LTE market.
Based on component, the South & Central America private LTE market is bifurcated into solution and services. The solution segment held 55.6% market share in 2022, amassing US$ 159.75 million. It is projected to garner US$ 326.45 million by 2030 to expand at 9.3% CAGR during 2022–2030.
Based on services, the South & Central America private LTE market is bifurcated into professional services and managed services . The managed services segment held 66.5% share of South & Central America private LTE market in 2022, amassing US$ 84.95 million. It is projected to garner US$ 203.08 million by 2030 to expand at 11.5% CAGR during 2022–2030.
By type, the South & Central America private LTE market is bifurcated into FDD and TDD . The FDD segment held 53.5% share of South & Central America private LTE market in 2022, amassing US$ 153.92 million. It is projected to garner US$ 277.20 million by 2030 to expand at 7.6% CAGR during 2022–2030.
In terms of end user, the South & Central America private LTE market is segmented into manufacturing , energy & utilities , healthcare, transportation, mining, and others . The manufacturing segment held 32.2% share of South & Central America private LTE market in 2022, amassing US$ 92.67 million. It is projected to garner US$ 162.77 million by 2030 to expand at 7.3% CAGR during 2022–2030.
Based on country, the South & Central America private LTE market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 46.5% share of South & Central America private LTE market in 2022. It was assessed at US$ 133.75 million in 2022 and is likely to hit US$ 309.57 million by 2030, exhibiting a CAGR of 11.1% during 2022–2030.
Key players operating in the South & Central America private LTE market are Cisco Systems Inc , Telefonaktiebolaget LM Ericsson , Huawei Investment & Holding Co Ltd , Samsung Group , Star Solutions , and Kyndryl Holdings Inc , among others.
In March 2023, Huawei revealed a fresh project involving Private Networks at M.W.C. 2023. The Huawei Private Network Alliance, a new initiative from the business, intended to unite top players in the private network industry. The association gave members a forum to exchange knowledge and resources, enabling them to work together on creating fresh Private Networks-related products and services .
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America private LTE market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Private LTE market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. South & Central America Private LTE Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of IoT in Manufacturing Sector
5.1.2 Growing Demand for Reliable and Efficient Communications Network Infrastructure
5.1.3 Rising Need for Wireless Networks
5.2 Market Restraints
5.2.1 5G Deployment
5.2.2 High Infrastructure Cost
5.3 Market Opportunities
5.3.1 Opportunities in Developing Economies
5.3.2 Demand for Ultra-Reliable, Low Latency Communication
5.4 Future Trends
5.4.1 Emergence of New Industrial and Residential Use Cases
5.5 Impact of Drivers and Restraints:
6. Private LTE Market – South & Central America Market Analysis
6.1 Private LTE Market Revenue (US$ Million), 2020–2030
6.2 Private LTE Market Forecast Analysis
7. South & Central America Private LTE Market Analysis – by Component
7.1 Solution
7.1.1 Overview
7.1.2 Solution: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.1 Professional Services
7.2.2.1.1 Overview
7.2.2.1.2 Professional Services Market, Revenue and Forecast to 2030 (US$ Million)
7.2.2.2 Managed Services
7.2.2.2.1 Overview
7.2.2.2.2 Managed Services Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Private LTE Market Analysis – by Type
8.1 FDD
8.1.1 Overview
8.1.2 FDD: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
8.2 TDD
8.2.1 Overview
8.2.2 TDD: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Private LTE Market Analysis – by End user
9.1 Manufacturing
9.1.1 Overview
9.1.2 Manufacturing: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Energy & Utilities
9.2.1 Overview
9.2.2 Energy & Utilities: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Transportation
9.4.1 Overview
9.4.2 Transportation: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Mining
9.5.1 Overview
9.5.2 Mining: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10. South & Central America Private LTE market – Country Analysis
10.1 South & Central America Market Overview
10.1.1 South & Central America: Private LTE Market – Revenue and Forecast Analysis – by Country
10.1.1.1 South & Central America: Private LTE Market – Revenue and Forecast Analysis – by Country
10.1.1.2 Brazil: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Brazil: Private LTE Market Breakdown, by Component
10.1.1.2.1.1 Brazil: Private LTE Market Breakdown, by Services
10.1.1.2.2 Brazil: Private LTE Market Breakdown, by Type
10.1.1.2.3 Brazil: Private LTE Market Breakdown, by End user
10.1.1.3 Argentina: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Argentina: Private LTE Market Breakdown, by Component
10.1.1.3.1.1 Argentina: Private LTE Market Breakdown, by Services
10.1.1.3.2 Argentina: Private LTE Market Breakdown, by Type
10.1.1.3.3 Argentina: Private LTE Market Breakdown, by End user
10.1.1.4 Rest of South & Central America: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Rest of South & Central America: Private LTE Market Breakdown, by Component
10.1.1.4.1.1 Rest of South & Central America: Private LTE Market Breakdown, by Services
10.1.1.4.2 Rest of South & Central America: Private LTE Market Breakdown, by Type
10.1.1.4.3 Rest of South & Central America: Private LTE Market Breakdown, by End user
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Cisco Systems, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Telefonaktiebolaget LM Ericsson
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Huawei Investment & Holding Co., Ltd.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Samsung Group
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Star Solutions
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Kyndryl Holdings, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About The the Reporting Teams
14.2 Word Index
Table 1. Private LTE market Segmentation
Table 2. Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 4. Services Market Revenue and Forecasts to 2030 (US$ Million) –Type
Table 5. Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 6. Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 7. South & Central America: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 8. Brazil: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 9. Brazil: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 10. Brazil: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 11. Brazil: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 12. Argentina: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 13. Argentina: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 14. Argentina: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 15. Argentina: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 16. Rest of South & Central America: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 17. Rest of South & Central America: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Services
Table 18. Rest of South & Central America: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 19. Rest of South & Central America: Private LTE Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 20. Heat Map Analysis by Key Players
Table 21. List of Abbreviation
Figure 1. Private LTE market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Private LTE market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Private LTE Market Revenue (US$ Million), 2020–2030
Figure 6. Private LTE Market Share (%) – by Component (2022 and 2030)
Figure 7. Solution: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Services: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Professional Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Managed Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Private LTE Market Share (%) – by Type (2022 and 2030)
Figure 12. FDD: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. TDD: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Private LTE Market Share (%) – by End user (2022 and 2030)
Figure 15. Manufacturing: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Energy & Utilities: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Healthcare: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Transportation: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Mining: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Others: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. South & Central America Private LTE Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 22. South & Central America: Private LTE Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 23. Brazil: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Argentina: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Rest of South & Central America: Private LTE Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Company Positioning & Concentration
The List of Companies – South & Central America Private LTE Market
1. Cisco Systems Inc-GLOBAL
2. Telefonaktiebolaget LM Ericsson -GLOBAL
3. Huawei Investment & Holding Co Ltd-GLOBAL
4. Samsung Group -GLOBAL
5. Star Solutions -GLOBAL
6. Kyndryl Holdings Inc. GLOBAL
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