Developments in the private network space are moving quickly, with global enterprises looking to benefit from bespoke connectivity to meet their business objectives and needs. A recent report from IDC predicts that the private LTE/5G infrastructure market is set to reach $5.7 billion in 2024. This reflects the aggressive global momentum behind private networks as regional regulators make additional spectrum available to enterprises. The closing of the Citizens Broadband Radio Service (CBRS) spectrum auctions in the U.S. for Priority Access Licenses (PALs), is a prime example. This process alone raised a staggering $4.5 billion in bids, and will now drive nationwide roll out of private LTE and 5G infrastructure.
