Sunday, 11 April 2021

Private LTE and 5G networks to create $5bn ‘ripple effect’ says Omdia

posted by Omdia
Tuesday 09 February 21

Private LTE and 5G networks are becoming a fast lane to over $5 bn of global enterprise expenditure on services and solutions, according to Omdia’s latest Private LTE and 5G Networks Market Forecast 2020–25

The truth about private LTE and 5G networks, however, is that they are not important for the network itself but rather for what it enables. While the private networks market – consisting of RAN, core networking equipment, and professional and managed services – will be worth $5 billion by 2025, it triggers associated expenditure in services such as security, integration and IoT applications.   99% of enterprises buying into private networks plan to buy additional services, according to recent Omdia intelligence gathered across 7 countries and 6 industries…

The truth about private LTE and 5G networks, however, is that they are not important for the network itself but rather for what it enables. While the private networks market – consisting of RAN, core networking equipment, and professional and managed services – will be worth $5 billion by 2025, it triggers associated expenditure in services such as security, integration and IoT applications.   99% of enterprises buying into private networks plan to buy additional services, according to recent Omdia intelligence gathered across 7 countries and 6 industries…

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