IDC Market Forecast Figure

Figure: Worldwide Private LTE/5G Infrastructure Revenue Snapshot

Executive Summary

Advice for Technology Suppliers

Market Forecast

Table: Worldwide Private LTE/5G Infrastructure Revenue, 2018–2024 ($M)

Table: Worldwide Private LTE/5G Infrastructure by Region, 2018–2024 ($M)

Market Context

Drivers and Inhibitors

Drivers

Rising Global Availability of Spectrum for Dedicated Enterprise Use

LTE Enhancements and 5G's Evolutionary Track Resonating with Enterprise Customers

LTE/5G Increasingly Seen as a Viable Alternative to Land Mobile Radio–Based Networking

Inhibitors

COVID-19 Creates Headwinds in Enterprise Infrastructure Market

Figure: COVID-19's Impact on Major Networking Investment Plans

Lack of In-House Competency to Deploy, Manage, or Support Private LTE/5G Deployments Among Many Verticals — Some Better Able to Adopt Than Others

Significant Market Developments

Changes from Prior Forecast

Market Definition

Methodology

Related Research