A new study from Juniper Research has found that enterprise spend on private networks will near $10 billion globally by 2028; rising from $1 billion in 2023.
Key Sectors & Market Share
Growing by 722%, the three verticals driving the market were identified as:
- Manufacturing - 35%2.
- Energy - 20%3.
- Public Services - 16%
The need for private networks that can support high device densities and operate over large geographical areas is an important factor. Private networks leverage cellular technologies to provide a closed network that can be fully managed by enterprises. Private networks cannot be accessed by any cellular connection, only those authorized by the network itself.
Find out more in the new report, Private Cellular Networks: Market Forecasts, Strategic Recommendations & Opportunities 2023-2028
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.