Juniper Research: Private Cellular Networks Spend to Approach $12 Billion by 2023, Catalysed by 5G Capabilities

BASINGSTOKE, England, Oct 20 (Bernama-BUSINESS WIRE) — A new report by Juniper Research has found that the enhanced capabilities of 5G are driving enthusiasm and awareness of private cellular networks; bringing annual spend on network hardware and services to almost $12 billion globally by 2023, growing 116% from the $5.5 billion expected for 2021. 5G deployments have a key role to play here: over 60% of base stations used in these deployments in 2023 will be 5G, thanks to its ultra-low latency, and signal propagation properties that allow deployment in environments where conventional networks struggle.

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