Private LTE / 5G network revenues to reach $8.3 bn: IDC

Private LTE/5G wireless infrastructure revenues will reach $8.3 billion by 2026 against $1.7 billion in 2021 – achieving a five-year compound annual growth rate (CAGR) of 35.7 percent over the 2022-2026 forecast period.
Spending on private LTE/5G wireless infrastructure deployed for a specific enterprise / industry vertical customer could include dedicated spectrum, hardware and software infrastructure.

“While private LTE/5G infrastructure continues to see more interest, the reality is 5G itself continues to evolve, and will evolve for the next several years,” Patrick Filkins, research manager, IoT and Telecom Network Infrastructure, said.