5G technology is projected to accelerate investments in private cellular networks

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5G deployments will play a key role

#5G is the fastest growing segment in the wireless network infrastructure market . Worldwide 5G network infrastructure revenue is on pace to grow 39% to total $19.1 billion in 2021, up from $13.7 billion in 2020. Of the segments that comprise wireless infrastructure in this forecast, the only significant opportunity for investment growth is in 5G. Communications service providers (CSPs) in mature markets accelerated 5G development in 2020 and 2021 with 5G representing 39% of total wireless infrastructure revenue this year. “The COVID-19 pandemic spiked demand for optimized and ultrafast broadband connectivity to support work-from-home and bandwidth-hungry applications, such as streaming video, online gaming and social media applications. Business and customer demand is an influencing factor in this growth. As consumers return to the office, they will continue to upgrade or switch to gigabit fiber to the home service as connectivity has become an essential remote work service. Whereas the users will also increasingly scrutinize CSPs for both office and remote work needs.



The annual spend on network and hardware services will reach $12 billion globally by 2023, rising 116% from the $5.5 billion expected for 2021, according Juniper Research. 5G deployments will play a key role here. More than 60% of base stations in deployments in 2023 will be 5G, it said. Telecom equipment vendors such as Ericsson and Nokia are best placed to capitalize on private networks through their hardware and value-added services that they can offer directly to private enterprises. Telecom operators that are dominant in the public cellular market, however, may lose out on opportunities in private networks space. With this the hardware providers and systems integrators will play more dominant roles, given the right regulatory framework.” Germany and the United States will account for 30% of global

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