Who's Driving Private Wireless Networks Demand?
TelecomTV, Monday, July 10,2023
Last week we reported that the market for private LTE and 5G networks is set to grow at a compound annual growth rate (CAGR) of 18% over the next three years, from about US$4bn to be worth in excess of US$6.4bn per year in 2026, but which industry verticals are driving this demand?
This is one of the key questions addressed in the recent report, The Private LTE & 5G Network Ecosystem: 2023 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts, from SNS Telecom & IT. And the answer is. quite a few, actually!
As well as identifying the sector's trends and its prospective value, the report looks at the demand drivers from multiple individual sectors, ranging from agriculture to utilities, and provides considerable detail on them all.