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In each vertical sector, Mobile Experts asked operators, manufacturers and business customers to consider the potential business models of Private Wireless. This report offers a straightforward outlook for Enterprise-direct, Hybrid, and Private Wireless-as-Service business models, using different network technologies ranging from 5G network slices to on-site radio hardware and a cloud-based Core network solutions.
Fremont, CA: Today, a new study detailing the future of Private LTE and 5G has reached the virtual shelves of business professionals, Network Experts.
Last year, COVID-19 brought confusion to most sectors, and Private LTE/5G was no exception. However, the COVID lockdown also explained the need for automation, enhanced reality, and other technology resources in the workplace. The advantages of Private LTE/5G networks have become evident since the events of last year and have explained the future of the rising industry.
"Despite COVID, the private LTE/5G infrastructure and device market grew over 7% last year," stated Principal Analyst, Kyung Mun. "Mobile Experts has observed active engagements from key suppliers of private LTE/5G solutions. Private spectrum is now available to unleash companies to use private networks. Mobile network operators and cloud players are bringing pre-packaged and custom Core/RAN/Transport solutions for varying needs across different industries. Virtualization is encouraging new players to enter the market and innovate—all that to say, we are seeing the momentum building and we expect this market to begin a strong and lengthy growth phase."
This study breaks down the private wireless industry into vertical market segments and analyses each segment separately and thoroughly. In particular, Mobile Experts studied six areas in depth:
• Oil & Gas
• Government/Public Sector
"We forecast that private LTE/5G infrastructure and devices will take a growing share of the overall private wireless market, growing from 11% in 2020 to 25% in 2026. The total private LTE/5G market opportunity, including services, is $45 billion-plus over the next six years, and growing at a healthy CAGR," stated Principal Analyst Kyung Mun.
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