Home Page ContentPress Releases $10 Billion Spend Forecast for Private Networks by 2028; Driven by Global Manufacturing, Energy & Public Service Sectors

$10 Billion Spend Forecast for Private Networks by 2028; Driven by Global Manufacturing, Energy & Public Service Sectors

by Anthony Weaver

Basingstoke, UK- 14th June 2023: A new study from Juniper Research [1],
the foremost experts in emerging communication technologies, has found
that enterprise spend on private networks will near $10 billion globally
by 2028; rising from $1 billion in 2023.

Key Sectors & Market Share

Growing by 722%, the three verticals driving the market were identified
1.    Manufacturing – 35%
2.    Energy – 20%
3.    Public Services – 16%

The need for private networks that can support high device densities and
operate over large geographical areas is an important factor. Private
networks leverage cellular technologies to provide a closed network than
can be fully managed by enterprises. Private networks cannot be accessed
by any cellular connection, only those authorised by the network itself.

Find out more in the new report, Private Cellular Networks: Market
Forecasts, Strategic Recommendations & Opportunities 2023-2028 [2]

Manufacturing Drives Demand for 5G Private Networks

The manufacturing market demands more frictionless coordination of
automated processes and devices, thus requiring high-levels of
orchestration via software-defined networks. This complexity means that
manufacturing will be a key use case for the more rapid adoption of 5G
private networks, due to its infrastructure supporting high-device
density operations and ultra-low latency properties.

As network complexity increases, the report urges private network
vendors to offer an ongoing managed service approach to enterprises.
This will enable private network vendors to maintain a continuous
relationship with their customers and benefit from recurring revenue.
Ongoing technical support and other value-added services will be
necessary to maximise the value proposition to customers.

Vendors Must Implement Spectrum Management to Ensure High Quality of
Service for the End User

Additionally, the research predicts that spectrum resource management
will be the key determining factor in the quality of service provision
to minimise network interference. As a result, network slicing will
emerge as a key technology for vendors to ensure that high throughput to
private network connections is guaranteed for end users.

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