target audience: TECH SUPPLIER Publication date: May 2023 - Document type: Market Forecast - Doc Document number: # US50092623
Worldwide Managed Services Private Mobile Networks Forecast, 2023–2027
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Abstract
This IDC study discusses the key market trends impacting managed services private mobile networks within the United States and globally, examining the challenges and competitive dynamics to watch in 2023 and beyond. IDC expects to see managed services revenue related to private 4G/5G networks reach $2.28 billion by 2027 from $610.2 million in 2022 at a CAGR of 30.1%.
"The demand for managed private 4G/5G networks continues to increase, albeit at a slower pace than original estimates," says Sandra Wendelken, senior research analyst, Mobile and IoT Services at IDC. "Many mobile operators that are offering managed private 4G/5G networks are targeting complex use cases that require licensed spectrum and are beginning to scale initial deployments across additional sites."