Private networking is an area within IoT and telecommunications that is anticipated to see an overwhelming growth curve. ABI Research predicts that by 2030, the total addressable market for private networks will amount to nearly $65 billion1. The key drivers, initially, for private networking will belong to large enterprises, but ABI continues to state that ultimately, midsize companies will catch up and contribute largely to the growth curve.
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1 ABI Research “36 Transformative Technology Stats You Need to Know for 2021”