With the recent confluence of new spectrum sharing innovations and the genesis of “Industry 4.0”—the digital transformation of industrial processes and the fourth industrial revolution—the potential for private IoT networks is substantial. New technologies, such as MulteFire and LTE-based CBRS, makes it possible to deploy private LTE networks without access to licensed spectrum.
This lowers the barrier for companies to start to enjoy the benefits of LTE and its roadmap to 5G, which grows the market for private IoT networks in segments ranging from manufacturing automation, shipping ports, oil & gas to power generation plants.
