A recent study conducted by Juniper Research, a leading authority in telecommunication markets, projects that global revenue from private cellular networks will reach USD 12.2 billion by 2028.
This is a significant increase from the USD 5.7 billion recorded in 2025, representing a growth rate of 114%. The study indicates a shift in the market as more businesses are looking to invest in private networks.
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The research also forecasts the deployment of nearly 3,000 new private networks in the next two years, compared to just 2,500 in the previous four years. The main driver of this growth is the availability of Network-as-a-Service (NaaS) business models, which reduce costs for enterprises and offer quick scalability.
NaaS allows companies to efficiently manage network costs by leasing private network components. Despite 5G technology being available for private networks since 2019, the study predicts that 5G will only represent USD 5.6 billion of the market’s value by 2028. This is due to the lower operational costs of 4G technologies, which are sufficient for providing connectivity services in industries such as manufacturing and logistics.
Research author, Michelle Joynson, emphasized, “As the market grows, vendors must provide flexible business models such as NaaS to attract high-spending private network users. This will also enable vendors to expand private 5G deployments, as businesses are better able to maintain the capital and operational cost of the network.”
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