Private LTE And 5G Networks Outlook 2024
Research Highlights:
- Neutral Host, Open RAN, and 5G RedCap innovation impact analysis
- Business models to succeed, and monetisation strategies for key stakeholders
- Customer needs and attitudes towards Private Networks, including analysis of survey data from 1,000 enterprises
Kaleido Intelligence’s latest research examines the rapidly evolving private cellular networks market, evaluating the latest trends in the space, alongside requirements for current and future use cases. This is accompanied by an evaluation of the emerging business models and the roles different companies are taking in the market.
The report takes information from Kaleido’s 2024 Enterprise Cellular IoT Connectivity Survey, providing insight into market needs from the responses of 1,000 enterprises worldwide on their attitudes and needs from private networks. As well as this, it draws from extensive interviews Kaleido Intelligence has conducted with a wide range of industry vendors and other stakeholders.
PRESS RELEASE
Private Cellular Networks Annual Spend to Exceed $7 Billion by 2028
Largest Market Value Increases Seen in the Manufacturing and Energy Sectors
30th July 2024, London, UK: The latest private networks research from connectivity experts Kaleido Intelligence shows that enterprises will spend over $7 billion annually on private cellular networks by 2028, up from an expected $2 billion by the end of 2024.
Manufacturing Lead to Extend as Market Presence Trebles
Kaleido’s latest research, Private LTE And 5G Networks Outlook 2024, shows how the use cases for private networks will extend the lead that manufacturing has in the space, meaning the sector will account for 27% of all private networks deployed in 2028, and the number of networks will grow from over 1,000 in 2024 to over 5,000 by 2028.
By contrast, growth will be relatively slow in the energy and utilities segment with its longer product cycles, meaning it will have over 1,000 fewer networks than the manufacturing sector. Together, these two segments will account for almost half of deployments by the end of the forecast period, and half of the spend throughout the next four years.
Readers will receive the following insights:
- How private network business models will evolve as 5G becomes more widespread
- Enterprises’ requirements and concerns for the technology
- Where the best opportunities are in the space
- What new technological developments will bring for this evolving space