Private LTE and 5G networks to create $5bn ‘ripple effect’ says Omdia

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The truth about private LTE and 5G networks, however, is that they are not important for the network itself but rather for what it enables. While the private networks market – consisting of RAN, core networking equipment, and professional and managed services – will be worth $5 billion by 2025, it triggers associated expenditure in services such as security, integration and IoT applications.   99% of enterprises buying into private networks plan to buy additional services, according to recent Omdia intelligence gathered across 7 countries and 6 industries…

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