Railway Worldwide Spending on Private 5G and LTE Will Reach $1.2B: Report
Global spending on future railway mobile communication system-ready 5G and LTE networks will reach $1.2 billion from 2024-27 and grow 23%, ResearchAndMarkets.com said Friday. “Private 5G and 4G LTE cellular networks … are rapidly gaining popularity across a diverse range…
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of vertical industries,” the report said: The rail industry "is no exception to this trend, as public transport operators increasingly turn to mission-critical LTE networks over aging … systems and other legacy technologies.” The report highlights systems in Australia, China, France, Germany, South Korea and Spain, among other nations.