private 5G market is expected to be valued at USD 2.0 billion in 2024
The Latest Developments in Private 5G Networks: Driving Enterprise Connectivity Forward The private 5G market is expected to be valued at USD 2.0 billion in 2023 and is projected to reach USD 11.8 billion by 2028 ; it is expected to grow at a CAGR of 42.3% from 2023 to 2028. Private 5G networks are rapidly becoming a cornerstone of modern enterprise connectivity, offering businesses the ability to build and manage their own dedicated 5G infrastructure. This trend is driven by the need for greater control, security, and performance in critical business operations. Recent developments in private 5G are highlighting its growing importance across industries, from manufacturing and logistics to healthcare and smart cities. Increasing Adoption Across Industries Private 5G networks are being embraced by a wide range of industries due to their ability to provide ultra-reliable, low-latency connectivity that is essential for mission-critical applications. For instance, in manufacturing, privat