The private LTE market is projected to grow at a CAGR of 24.35% during the forecast period, reaching a total market size of US$9.287 billion in 2024 from US$2.512 billion in 2018. The North America region is required to have a huge portion of the overall market by virtue of the widespread adoption of private networks. The Asia Pacific region is expected to observe quick development attributable to the expanded cell phone entrance and the penetration of IoT stages across different industry verticals like medical care, transportation, and manufacturing in the region.