Mobile Experts released a detailed analysis of future private LTE and 5G use by the oil and gas, mining, utilities, transportation, government (including public safety) and manufacturing industries, concluding that all of these verticals will significantly increase their usage of private cellular networks over the next five years, due to the availability of new spectrum. In fact, according to Principal Analyst Kyung Mun, the global private LTE/5G equipment and services market is expected to grow at around 20% CAGR to about $10 billion in 2025.
