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After a slow start, the private cellular networking market has reached an important inflection point.
So says Berg Insight, which totted up the number of live deployments – excluding proof-of-concept projects – and came up with 6,500 by the end of last year, valuing the market for private LTE/5G network solutions at $2.4 billion.
"The private cellular network market is undergoing a transformation, driven by the increasing availability of dedicated spectrum, evolving device ecosystem and a growing number of latency-sensitive enterprise use cases," said Melvin Sorum, IoT analyst at Berg Insight. "While the market historically has been mainly supply-driven, it is today increasingly driven by organic demand from end users."
