Dell’Oro Group’s April 2024 Private Wireless Report shows that, despite slowing in the fourth quarter on a year-over-year basis, private wireless radio access network (RAN) revenues rose by about 40% for the full year of 2023, the company announced on April 11.
Stefan Pongratz, vice president at Dell’Oro Group, said in a press release, “Although public RAN is still fueling the lion’s share of the overall RAN capex and the overall investment levels are tracking below some of the initial projections provided by the vendors in the early part of the 5G enterprise hype cycle, the fact of the matter is that private wireless is now growing at a formidable pace. This stands in contrast to public RAN and enterprise WLAN—both segments are projected to contract in 2024.”
The group reports that private wireless makes up about 2% of the overall RAN market and named Huawei, Nokia, and Ericsson as the top three private wireless RAN suppliers of 2023. The report also predicts that, over the next five years, total private wireless RAN revenues will grow at a 21% CAGR, and public RAN revenues will decline at a 2% CAGR.
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