The 5G market is poised for significant expansion, presenting telco operators with clear opportunities for revenue growth. Enterprises within industries like manufacturing and healthcare are seeing private 5G deployments rapidly catch up to 4G/Long Term Evolution (LTE) deployments as they require advanced cellular capabilities to facilitate mission- and safety-critical applications. Developments such as these will increase the Total Addressable Market (TAM) for 5G services from US$2.7 billion in 2025 to US$29 billion by 2030, representing a Compound Annual Growth Rate (CAGR) of 61%. That is according to ABI Research’s Private Cellular Network Forecasts, which was published in 1Q 2025.