10 year boom in private LTE and 5G networks – report

By Paddy Smith
The market for private 4G and 5G will grow by almost 50 per cent a year over the coming decade demand surges from industrial IoT networks, according to...

Private LTE 4G and 5G networks are set to grow by almost 50 per cent a year as industry seeks resilient and secure IoT infrastructure, according to a new report from Transparency Market Research (TMR).

End-use industries will drive the trend for private 4G and 5G in a bid to meet quality of service and speed requirements, while AI-driven applications fuelled by 5G also emerge as a driver.

The report estimates that the trend for private networks will continue to surge, achieving growth of around 49 per cent per year. The global valuation of the market is projected to be US$17.7 billion by the end of 2030.

Private 4G/5G networks have a number of benefits, including a reduction in the cost of data use at scale. Manufacturers and warehouses are particularly likely to benefit from the capabilities of private 5G networks, which can optimise speed and quality of service (including customisation) and provide a stable infrastructure for IoT.

The trend is being supported at government level in some territories with efforts being made to secure more of 5G spectrum. Countries leading this approach are the US, Japan, China, India, and Germany.

Service providers including ZTE Corporation, Samsung Electronics, Intel, National Instruments, Huawei Technologies, and Nokia, are raising awareness of the benefits of private LTE and 5G network deployment to strengthen their business propositions.

Some of the players aspiring for high stakes in the market are ZTE Corporation, Samsung Electronics, Intel, National Instruments, Huawei Technologies, and Nokia.

Share

Featured Articles

Cyber increasingly a growth enabler, Deloitte study shows

Deloitte's 2023 Global Future of Cyber survey highlights the imperative for organisations to move cybersecurity from threat assessment to growth enabler

Trillions of dollars created by growing US wireless industry

In 2020 alone, the US wireless industry created US$1.3 trillion in gross output, $825 billion in GDP, and over four million jobs for the national economy

Energy crisis posing threat to IT companies' sustainability

A staggering 79% of IT decision-makers believe that the current energy crisis will have a knock-on effect on their net zero sustainability strategies

Data backup gives way to data protection and cybersecurity

Cloud & Cybersecurity

Rich investors drawn to digital assets despite crypto crash

Digital Transformation

Five minutes with: Katie Nykanen, Group CTO at QA

Digital Transformation