With the advent of 5G and Wi-Fi 6, cellular connectivity offers an enticing alternative to Wi-Fi, especially in enterprise set ups. These advances, along with new approaches to spectrum policy, have spurred the expansion of private cellular networks (PCNs), giving companies more control over their connectivity. A deeper analysis reveals that despite its accessibility, Wi-Fi faces challenges like signal interference and limited coverage, where private 5G networks, underscored by robust security and higher capacity, outperform.
Amid declining telco capital expenditures impacting vendor profits, private cellular networking shines as a beacon of hope. Recent research reveals a significant 60% YoY increase in Q2 revenues for private cellular networking equipment, offering new revenue streams for industry giants like Ericsson and Nokia. However, with greater benefits come complex challenges that, if overcome, could potentially catapult the market worth to a substantial $7.7 billion by 2027.