Private 5G networks are seeing immense growth, providing enhanced security and reliability for enterprises. Although overall telco spending is decreasing, Q2 revenues for private network gear grew 60% year-over-year according to Dell'Oro Group. This highlights the opportunities in private 5G for vendors like Ericsson and Nokia amidst declining operator investments.
Private 5G delivers highly secure, reliable connectivity tailored to business needs. A Spirent-commissioned survey of 200 enterprises found driving factors include protecting sensitive data and supporting mission-critical apps. Complexity is a challenge, but managed solutions are emerging to ease deployment.
With forecasted 27% CAGR between 2022-2027, private 5G is a marathon, not a sprint. Right-sized expectations align suppliers and operators to capitalize on this $7.7 billion market by 2027. Applications across manufacturing, finance, transport, oil/gas and mining illustrate the benefits for operations, productivity and digitization.
Private networks give enterprises control, security and performance to transform business with 5G. On-premise 5G platform options let IT manage wireless like wired LANs. Managed network services also expedite rollouts. Partnerships between operators and infrastructure vendors will monetize this enterprise wireless opportunity.
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