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Private Network Deployments Will Generate Revenues in Excess of US$64 Billion by 2030

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ABI Research

25 Nov, 2020, 09:00 GMT

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Industrial manufacturing, energy production, and logistics sectors driving deployments

LONDON, Nov. 25, 2020 /PRNewswire/ -- With enterprise 5G maturing, the importance of private networks for the enterprise domain will continue to grow. According to new research by global tech market advisory firm ABI Research, the demand for private network deployments will be driven primarily by heavy industry verticals. Industrial manufacturing, energy production (including mining, oil and gas, and logistics) alone will generate private network revenues of US$32.38 billion by 2030, representing half of the US$64 Billion overall private network revenues.

"These findings show the importance of private networks, particularly for automating mission- or even life-critical use cases, that require the highest possible network reliability and availability and are characterized by a high degree of network integrity to prevent data from leaving the enterprise premises," says Leo Gergs, Research Analyst for 5G Markets at ABI Research. "Enterprises that require network slicing capabilities to separate mission-critical from non-mission-critical use cases within the same physical network will turn to private networks."

Two main factors are causing the surge in private network demand. Gergs explains, "First, there is a huge rise in demand for automation and enterprise digitization. What has started with Industry 4.0 is now exacerbated by the aftermath of the global COVID-19 outbreak. Enterprises in industrial manufacturing, logistics, and oil and gas are now accelerating their digitization plans to reduce their dependency on manual labor availability and increase the resilience of their business operations against sudden disruptions to supply chains. The second is the addition to the demand-side effect." Gergs continues, "The market for private network deployments will also benefit from a supply-side effect. The freeze of Release 16 gives enterprises the much-needed reassurance of 5G capabilities for enterprise-grade connectivity, which allows chipset and module manufacturers to grow the device ecosystem for compatible hardware. The maturing device ecosystem, in turn, drives down prices per module and therefore makes the deployment of private 5G network more cost-efficient, which will spur additional interest from enterprises."

There is a growing number of private network offerings emerging on the market to address this rising opportunity. While private network operators like Ambra, Citymesh or Edzcom are threatening traditional CSPs' market share by monetizing managed services other than connectivity, hyperscalers like AWS, Google, IBM, and Google are launching their private network offerings in co-creation efforts with telco players. In addition, software companies like Athonet or Quortus benefit from trends toward network virtualization, which allows them to offer a virtualized core network either through System Integrators or to enterprises directly.

"These breathtaking developments show the amazing pace at which this market is evolving. Against this backdrop, it is important that all players in the enterprise connectivity domain develop a durable business strategy to profit from this rising market," concludes Gergs.

These findings are from ABI Research's Private Networks for Enterprise application analysis report. This research is part of the company's 5G Markets research service, which includes research, data, and analyst insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Contact Info:                                                                      

Global 
Deborah Petrara 
Tel: +1.516.624.2558 
pr@abiresearch.com  

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