Rapid Growth in Private 4G/5G Networks: A $7 Billion Forecast
Monday, 5 August 2024, 09:51
Investment Forecast for Private 4G/5G Networks
The demand for private 4G and 5G networks is rising sharply. Enterprises are predicted to spend $7 billion annually on these networks by 2028.
Growth Rate and Trends
In terms of growth:
- Spending on private networks will increase by 36% per year.
- This is indicative of the growing need for specialized communication solutions.
Conclusion
As more enterprises invest in private networks, they will enhance connectivity and efficiency tailored to their requirements. Thus, this shift reflects a critical evolution in the operational landscape of businesses.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.