State Of Private 5G In 2024: Key Growth Trends, Use Cases, And Forecast
IoT Analytics, Tuesday, September 17th, 2024
There were 1.28 million private 5G IoT connections globally in 2023-5% of the 25.6 million 5G IoT connections-according to the 367-page 5G IoT & Private 5G Market Report 2024-2030.
In short
> The report forecasts private 5G connections to grow at a CAGR of 65.4% until 2030 and comprise 13% of the total 5G IoT connections globally by then.
> China and Europe are regional growth areas for private 5G through 2030, with non-industrial facilities and campuses, such as ports and office buildings, fueling its growth.
> Among 15 use cases for 5G IoT in general identified in the report, IoT Analytics identified the top 5 private 5G use cases:
1) remote control of assets,
2) facility or campus connectivity and coverage,
3) logistics automation using AGVs and AMRs,
4) camera-based facility surveillance, and
5) facility or asset inspection using AR glasses.