The private 5G network market is set to observe substantial growth between 2024 and 2032 due to higher adoption in the integration of private 5G networks with edge computing, according to new analysis by GMI Insights.
The industry growth is fueled by rapid technological advancements. The evolution of Industry 4.0 and the Internet of Things (IoT) necessitates high-performance, low-latency connectivity, driving industries to adopt private 5G networks.