Rethink Research: Private 5G deployment will be faster than public 5G

Private 5G network deployments will surge faster than public 5G in the coming years, reaching a peak in 2027 when equipment sales will reach $19.3 billion, RAN Research, a unit of Rethink Technology Research, said in a new report.

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Private 5G networks will generate $19.3 billion in annual revenue worldwide by 2027, up from $1.5 billion this year, according to a new report written by Rethink analyst Caroline Gabriel. She noted that growth will be fastest during the 2022-2025 period, peaking in 2027 and then slowing as the market becomes saturated.

Separately, by 2028, there will be 26.6 million private 5G network deployments worldwide, up from 1.1 million in 2021. This growth will occur in all regions, but will be most dramatic in the four countries that currently lead the private 5G space: the United States, Germany, China, and Japan.

The report states that in most markets, the deployment of private wireless networks will outpace the overall deployment of 5G, as mobile networks combined with edge computing will be able to address more use cases and enable new applications in areas such as manufacturing processes, drones, telemedicine, advanced transportation, and more.