PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1920928
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1920928
Expanding Customer Base in New Industries Drives Transformational Growth by Increasing Both the Number of Networks Installed and the Revenue Generated
A private cellular network, or a non-public network, as defined by the 3rd Generation Partnership Project (3GPP), is an isolated network that restricts the devices that connect to it. Public cellular networks initially carried primarily voice traffic, but data traffic now dominates these networks. This includes internet access and an ever-increasing percentage of video traffic. The focus of private cellular networks is predominantly on data traffic, and competing network technologies are generally data networks as well. The private cellular networks industry is relatively new and includes both 4G and 5G networks. This market focuses on large enterprises from a select group of industry verticals. While the first movers in the private 5G market are larger companies, Frost & Sullivan projects the market to expand to smaller businesses and more verticals over time.
This Frost & Sullivan analysis examines the key trends in the global private 5G network industry. It discusses the benefits of private networks for enterprises and highlights important use cases for specific enterprise IT and OT outcomes. The analysis also identifies the growth opportunities emerging from this space for market players and stakeholders to leverage.