Spend on 5G and LTE private cellular network infrastructure will grow at a TBR-projected CAGR of 12.6% from 2022 to 2027 to reach $8 billion. Governments and large enterprises in key developed markets (especially the U.S. and China) are driving the majority of the private 5G network market.
Consulting & systems integration (C&SI) companies are playing a key role in bringing their ecosystems to bear in private cellular network engagements to help business entities realize their digital transformation goals. TBR expects the private 5G market to scale as more compatible endpoint devices are commercialized and key 3GPP standards are ratified. Due to these issues, the market ramp-up will be more gradual than previously anticipated.
Join Principal Analyst Chris Antlitz on Thursday, Nov. 16, 2023, at 1 p.m. EST/10 a.m. PST for a 30-minute discussion on TBR’s latest private cellular networks research. Don’t miss this opportunity to ask how market developments will impact your strategy over the next few years!
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