After noting an increase in private 5G network deployments by household names in the telecoms industry and industrial giants across vertical industries, research shows investments in such networks are set to grow at a compound annual growth rate (CAGR) of approximately 41% between 2025 and 2028, with annual spending projected to reach $5bn by 2028. Outlining the fundamentals of private 5G communications following its study, SNS Telecom & IT’s Private 5G market: 2025-2030 report states that private mobile networks based on LTE communications have been a well-established market and have been around for more than a decade, albeit as a niche segment of the wider cellular infrastructure segment.