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.

Introducing STL Partners’ private networks market forecast

This report presents the key findings of STL Partners’ new demand forecast for private networks. Its purpose is to:

• Identify the total revenue across the value chain: device, application, core & 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;
• Output a full set of results for 33 countries and 7 regions over the 2024–2030 period per vertical, technology, and deployment model.

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.

Download the accompanying spreadsheet

Private networks addressable revenue will reach US$21 billion by 2030

High-level findings from the model indicate that:

• The total private networks addressable market will grow from US$1.2 billion in 2024 to US$21 billion in 2030 at a CAGR of 62% over the forecast period.
• This growth is driven by the increased number of enterprises that adopt private networks solutions as well as the higher spend on applications as enterprise explore more use cases beyond basic connectivity.
• Industrial verticals such as manufacturing, transport and logistics are leading the adoption worldwide as their remote locations (in most cases), complex environment and mission critical applications benefit largely 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 networks spectrum, the level of demand from the enterprise sector, and the available solutions from telcos and other service providers.

Total private networks addressable revenue

Source: STL Partners

Table of contents

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

For more information on STL Partners’ private networks research, please check our Private Networks Insights Service hub.

The new forecast complements:

• Our private networks reports and articles ​
• Industry playbooks
• 5G ROI tool
• Global Insights Tracker
• Private networks use case directory

Author

Ahmed Ali

Senior Analyst

Ahmed is Senior Analyst and a member of STL Partners research team. His areas of focus include edge computing, IoT and private networks within the Growing Enterprise and the Network Futures research services. Ahmed holds an MSc in Communications Electronics and Computer Engineering from the University of Nottingham.