MARKET INSIGHTS
Global opportunity size and key trends.
LTE Broadband Growth
A report published by Transparancy Market Research in 2019 predicts the global LTE broadband infrastructure market to reach $86 billion by 2024 (a compound annual growth rate of 21%).
- 2019 – $33 Billion
- 2020 – $40 Billion
- 2021 – $49 Billion
- 2022 – $59 Billion
- 2023 – $71 Billion
- 2024 – $86 Billion
Key Industry Trend #1:
The Connect America Fund (CAF-II)
Over 100 bidders won $1.49 billion over 10 years to provide fixed broadband and voice services to over 700,000 locations in 45 states for the second phase of the Connect America Fund (CAF-II). The CAF-II is an an FCC reform initiative that promises to bring broadband to an estimated 23 million Americans in rural uncovered areas. Awarded bidders are required to deliver a service level to specific counties (25, 50, 100 Mbps).
Government Funded
Connecting the unconnected
10-year Roll Out
Covers 45 states
Source: Transparency Market Research, 2019
Key Industry Trend #2:
Technologies
Smart Cities
Internet of Things
5G
Worth in Billions by 2025
Sources: Grand View Research, “Global Smart Cities Market” 2019. Statista, “Global IoT Market Size” 2017-2025. ResearchAndMarkets, “Global 5G Markets” 2020-2025, 2018.
Key Industry Trend #3:
Enterprise Private LTE Networks
Automation & Industry 4.0
Factory-floor wireless robots, logistics and warehousing.
Critical Networks
To monitor and control critical infrastructure, (e.g. electricity distributions grids or power plants).
Primary Industries
Diverse sector from mining, oil/gas, all the way to agriculture.
Venue Services
Airports, theme parks, stadiums, hospitals, and ports.
Source: 2018-2024 Global Private LTE Market Report by Market Study Report LLC.