Private 5G market will eclipse private LTE market in 2023 as enterprises leverage 5G as a platform for digital transformation

The private 5G networks market will see strong growth through this decade as a broad range of industries and governments adopt the technology

Though TBR expects the market for private LTE networks will continue to grow through the mid-2020s (at an estimated CAGR of 8% to $4.4 billion from 2019 to 2024), we anticipate it will be eclipsed by private 5G beginning in 2023. TBR believes the step up in performance of 5G versus LTE and critical features endemic to the 5G 3rd Generation Partnership Project standard, such as TSN and URLLC, will be key drivers of the migration to 5G as a foundational platform for digital transformation. Many enterprises that already have private LTE networks are likely to build migration to 5G into their road maps. The software upgradability of more recent LTE infrastructure provides a more seamless and cost-effective path to 5G.

TBR’s Private Cellular Networks Market Landscape deep dives into the market for private cellular networks, particularly as it pertains to 5G. This global report covers enterprises and governments that are investing in private cellular networks as well as all of the major vendors and some of the key disruptors (e.g., startups) that supply infrastructure in this space. The research includes key findings, key market developments, market size and forecast, regional trends, technology trends, vertical trends, use cases, and acquisitions and alliances that are occurring in the market. The report also provides lists of key companies in the private cellular networks ecosystem that play a role in the market.

To read about our most recent publishing of the Private Cellular Networks Market Landscape, check out Private 5G networks market will see strong growth as a broad range of industries and governments adopt the technology.

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  1. […] Private 5G network spend in 2020 is primarily for exploratory purposes. The ecosystem is experimenting with different use cases, business models and value chain structures in a bid to test the technology and prove the business case as well as to formulate a plan on how best to go to market and which solutions to focus on commercializing. […]

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