This report presents quantitative analysis of the global demand for private networks over a 7-year period. We explore the revenue trends across the value chain and provide insights into different deployment models and technologies across 14 verticals.

Private network growth opportunities do exist

STL Partners’ market size forecast for private networks shows us that there is good growth available, presenting growth opportunities for those that know how to access them. Understanding where this growth is focused, in which verticals, value chain segments, and deployment types, will help service providers and vendors tailor their strategy in this market.

This report presents the key findings of STL Partners’ private networks market sizing forecast. Its purpose is to:

• Identify the total revenue across the value chain: device, application, core and edge infrastructure, RAN software and equipment, network platform, and integration and managed services
• Assess the demand across 14 verticals that are currently leveraging private networks for different types of sites and use cases
• Present a global view of private network growth opportunities with results for 33 countries and seven regions over the 2024–2030 period
• explain how technologies for private netowrks, such as 4G, 5G and netowrk slicing, are going to evolve within this market.

This report is accompanied by a dashboard which presents a summary of our model output and the associated graphics for the global and regional overview.

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By 2030, USD21bn private network revenue is up for grabs

Many players, including telcos, network equipment providers, systems integrators, private network specialists and more, could benefit from the growth in private networks, but they need to understand where they can fit in the ecosystem and how to address this complex market.

In this updated forecast, STL Partners has included a new breakdown showing which use cases are going to be driving growth, as enterprises gain more benefits from private network investments.

High-level findings from the model indicate that:

• The total private networks addressable market will grow from USD1 billion in 2024 to USD21 billion in 2030, at a CAGR of 61% over the forecast period.
• This growth is driven by the increased number of enterprises that adopt private network solutions as well as the higher spend on applications, as enterprise explore more use cases beyond basic connectivity.
• Verticals such as manufacturing, extractive industries, transport and logistics are leading the adoption worldwide as their security demands, complex environment and mission critical applications benefit significantly from private networks solutions.
• Adoption varies significantly among geographical regions. This regional disparity is influenced by several factors including the level of industrial development, spectrum regulations and the availability of private network spectrum, the level of demand from the enterprise sector, and the available solutions from telcos and other service providers. Regions with lower takeup today will see more growth in future.

Total private network addressable revenue, 2024–2030

Table of contents

• Executive summary
• Introduction
• Revenue by value chain component
• Revenue by deployment type
• Revenue by vertical
• Revenue by region
• Revenue by use case
• Methodology

Related research

• Private networks: What’s the big deal?
• Private networks: Trends in commercial deployments
• Flavours of private networks: Key delivery models
• Defining the need for A3 in private networks

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George Glanville

George Glanville

Senior Analyst

George is a Senior Analyst at STL Partners, bringing expertise across a diverse range of topic areas, including edge AI, sovereign AI, and private networks. He specialises in producing our edge computing and network innovation research, contributing to reports and quantitative tools within both of these practice areas. Lately, his work has centred on how AI and distributed computing are reshaping the infrastructure landscape, including projects with the European Commission to assess Europe’s competitiveness in these domains. George joined STL Partners after obtaining a BSc in Economics from the University of Bristol.