The enterprise private cellular market is projected to rise from $300M to $1.6B by 2027, according to the first in a two-part private wireless research series by Mobile Experts. However, the report notes, enterprise WiFi is still dominant, netting a total of around $5B annually.
Video security, WiFi backhaul, fixed wireless access, asset tracking, autonomous vehicles, and push-to-talk communication are just a few of the use cases that will increase in a COVID world of labor shortage and hybrid work, according to Kyung Mun, Principal Analyst at Mobile Experts Inc.
“COVID has disrupted how we work, and new priorities are shaping the private wireless market,” Mun said. “Today’s private cellular market nets hundreds of millions globally, mostly driven by education and healthcare. By 2027, this market will grow into the billions, with large public venues leading the charge.”
The report, which covers Education, Healthcare, Large Public Venues, Office/Campus, and Retail, details how private cellular will take 9 percentage points of market share from WiFi by 2027, as the overall private wireless market grows at a low single-digit pace.
“The enterprise private cellular market is in the early stages of its growth. Some sectors have evolved from a proof of concept stage into early commercial deployments, but many are still exploring possibilities with private 5G networks,” he said. “Momentum is building, but there are still a lot of moving parts that will make or break players in the market.”
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