Market Research Report
Private Wireless Solutions Market for Dedicated LTE and 5G New Radio (5GNR) in Enterprise Automation, Industrial IoT Applications and Services 2019 - 2024
|Published by||Mind Commerce||Product code||545517|
|Published||Content info||216 Pages
Delivery time: 1-2 business days
|Private Wireless Solutions Market for Dedicated LTE and 5G New Radio (5GNR) in Enterprise Automation, Industrial IoT Applications and Services 2019 - 2024|
|Published: October 10, 2019||Content info: 216 Pages||
LTE Advanced (LTE-A) a major step in the evolution of 4G technology, providing mobile coverage, higher performance, and greater connection stability. The 5G New Radio (NR) access technology is a part of 5G Radio Access Network (RAN) architecture that is composed of LTE evolution and millimeter wave (mmWave) technology that will be operable from sub-1 GHz to 24+ GHz in a range of low band, mid band, and high band. A variety of complementary technologies will enable 5G NR supported systems including massive MIMO, advanced LPDC, TDD sub-frame, beamforming, and mmWave radio frequency.
For communication service providers, mmWave will bring both challenges and opportunities for general RAN infrastructure and in particular for private Internet of Things (IoT) networks for industrial automation and mission critical services for enterprise across many industry verticals. The higher frequencies suffer from attenuation, which means they lose signal over distance and when they hit objects (even water vapor, but especially solid objects like trees, buildings, etc.). This is why there is a need for massive MIMO and other multi-signal approaches help, along with beam-forming to direct RF energy to where it is needed, but the signal is so directional in nature that it is very hard to maintain with a moving object.
From an infrastructure and managed services perspective, 5G NR will facilitate vertical market opportunities for vendors to offer distributed macro-cell base stations, small cells unit, remote radio head units, and C-RAN baseband units for both dedicated and shared resource networks. 5G RRHs unit shipment alone will grow at 74.5% CAGR from 2017 to 2024, reaching 91 million units by 2024. Private LTE and 5G networks for enterprise and industrial automation will consist of Virtualized Network Solutions, Dedicated/Non-Virtualized Network Solutions, and Hybrid Network Solutions with an anticipated global market opportunity of $13.2B, $91.B, and $17.2B respectively.
This research evaluates 5G NR and the market outlook for MNO and VNO to offer private IoT networks for the benefit of industrial automation and mission critical enterprise applications and services. The report evaluates major players, technologies, and solutions. The report also assesses market challenges, opportunities, and the overall outlook for 5G NR equipment and components. The report provides detailed forecasts for equipment globally and regionally as well as investment in 5G NR by industry vertical. All direct purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.