TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Open RAN
  • Digital Platforms and Services
  • 5G
  • Access Evolution
  • Private Networks
  • Cloud Native
  • Edge
  • Open Networking
  • Sustainability
  • AI, Analytics and Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • 5G
  • 6G Research and Innovation
  • Access Evolution
  • AI, Analytics and Automation
  • Cloud Native
  • Digital Platforms and Services
  • Edge
  • Open Networking
  • Open RAN
  • Private Networks
  • Security
  • Sustainability
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

4G LTE

4G LTE

Mission-Critical early investment will drive private LTE/5G infrastructure market to $5.7 Billion in 2024

Via IDC

Jan 14, 2021

14 Jan 2021

IDC Forecasts the Private LTE/5G Infrastructure Market to Reach $5.7 Billion in 2024 as Demand from Mission-Critical Organizations Drives Early Investment

FRAMINGHAM, Mass., January 14, 2021 – A new report from International Data Corporation (IDC) presents IDC's inaugural forecast for the worldwide Private LTE/5G infrastructure market for the period 2020–2024.

Private LTE/5G infrastructure is any 3GPP-based LTE and/or 5G network deployed for a specific enterprise/industrial customer that provides dedicated access. It includes networks that may utilize dedicated (licensed, unlicensed, or shared) spectrum, dedicated infrastructure, and private devices embedded with unique SIM identifiers. Private LTE/5G infrastructure carries traffic native to a specific organization, with no shared resources in use by any third-party entities.

Worldwide revenue attributable to the sales of private LTE/5G infrastructure will grow from $945 million in 2019 to an estimated $5.7 billion in 2024 with a 5-year compound annual growth rate (CAGR) of 43.4%. This includes aggregated spending on RAN, core, and transport infrastructure.

"Private LTE infrastructure is already used by select verticals worldwide to solve mission-critical networking challenges. However, the barrier to consumption has remained high, limiting adoption to organizations possessing in-house competency and access to dedicated spectrum," said Patrick Filkins, senior research analyst, IoT and Mobile Network Infrastructure. "With more spectrum being made available for enterprise uses, coinciding with the arrival of commercial 5G, interest has grown toward using private LTE/5G solutions as a basis for connectivity across a multitude of mission-critical, industrial and traditional enterprise organizations."

Many organizations are deploying private LTE today, and a select few are beginning to deploy private 5G in limited instances. While many of these verticals overlap in both use case and network needs, the market opportunity can be categorized in three segments:

  • Mission-critical: Verticals that require "always on" connectivity addressable through redundancy and dedicated resource, as well as the clear need or desire for mobile site connectivity. Loss of connectivity would likely result in significant negative business or operational outcomes.
  • Industrial: Verticals whose primary focus is process and industrial automation for Industry 4.0. It also generally involves providing high-capacity and ultra-reliable low-latency communication (5G URLLC) either with time-sensitive networking (TSN), or as an alternative.
  • Traditional enterprise or "Business-Critical": These are verticals that require deterministic wireless networking beyond traditional Wi-Fi, but where redundancy and automation needs are lower. These include "business critical" applications, where loss of connectivity could result in loss of revenue.

The IDC report, Worldwide Private LTE/5G Infrastructure Forecast (IDC #US47085720), presents IDC's inaugural forecast for the private LTE/5G infrastructure market. Revenue is forecast for RAN, core, and transport as well as spending by region. The report also provides a market overview, including drivers and challenges for technology suppliers, comms service providers, and cloud providers.

A companion document, IDC PlanScape : Implementing a Private LTE or 5G Network (IDC #US46554920), provides a high-level overview of how organizations are approaching private LTE/5G and the opportunities for technology and service providers, systems integrators, and VARs.

Related Topics
  • 4G LTE,
  • Access Evolution,
  • Broadband,
  • Enterprise,
  • Global,
  • IDC,
  • Industrial IoT,
  • Mobile,
  • Radio Access Network,
  • Short-range Wireless,
  • Smart Cities,
  • Telco & CSP,
  • Telecoms Vendors & OEMs,
  • Tracker

More Like This

Private Networks

Nokia selected by The Public Transport Authority of Western Australia to modernize rail communications in Perth with private wireless and IP/MPLS technologies

Aug 9, 2022

Access Evolution

Orange ups Tour de France connectivity to meet increased demand

Jul 29, 2022

Access Evolution

As India grows and develops, so its telecom sector plays an ever more vital role

Jul 21, 2022

5G

Anritsu and Yotavis launch a unique open lab for communication technologies testing in Switzerland

Jul 19, 2022

Access Evolution

MTN attempts consolidation in South Africa with takeover bid for Telkom

Jul 15, 2022

This content extract was originally sourced from an external website (IDC) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

0:46

The Cloud Native Telco Summit returns this September!

8:32

Azita Arvani on Being a Female Leader at Rakuten Symphony

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

1:44

Join us for the greatest industry debate of the year!

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2022. All rights reserved. All brands and products are the trademarks of their respective holder(s).