Private 5G Network Market Size & Share, by Component (Hardware, Software); Frequency (Sub-6 GHz, mmWave); Vertical (Manufacturing, Energy & Utilities, Transportation & Logistics, Aerospace & Defense, Government & Public Safety, Corporates/Enterprises, Mining, Healthcare, Oil & Gas) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5654
  • Published Date: Feb 16, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Private 5G Network Market size is poised to cross USD 500 Billion by the end of 2036, expanding around 44% CAGR during the forecast period i.e., 2024-2036. In the year 2023, the industry size of the private 5G network was over USD 47 Billion. The number of web users is developing at a fast pace with expanding speculations, improvements of innovation framework, and cheaper information plans. Moreover, with innovation entrance, the number of gadgets being utilized has expanded, which increments the number of associated gadgets and the request for moo inactivity and higher transfer speed systems that can be given by 5G. The appropriation of Industry 4.0 is being done on a huge scale in numerous businesses to get higher efficiency and effectiveness. Industry 4.0 calls for the integration of different sensors, and associated gadgets and produces expansive sums of information.  The number of internet users worldwide reached 5.35 billion in January 2024, accounting for 66.2 percent of the global population.

The demand for private 5G networks to ensure the transmission of large volumes of data generated by continuous monitoring is increasing as a result of the increasing number of these applications. In addition, the use of IoT devices in applications other than industry is also limited and requires continuous monitoring and production of larger volumes of data. To ensure the smooth functioning of the system, it is necessary to ensure the security and seamless transmission of the data generated.


Private 5G Network Market
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Private 5G Network Sector: Growth Drivers and Challenges

Growth Drivers

  • Development of Smart Infrastructure - For example, conceptual models aimed at supplying a combination of the latest infrastructure and services are referred to as intelligent cities. To enhance the efficiency of urban activities and services, a smart city has an ICT infrastructure. Smartness can only be considered in the case of current cities that comply with these components: intelligent infrastructure, citizen services, and facilities. Smart cities deploy the Internet of Things to collect real-time data and respond with quick and lower-cost solutions. Generally, digital city environments are built on information and communication technology frameworks that connect a variety of specialized connections between sensors, connected cars, mobile devices, home appliances, telecommunications gateway as well as data centers.
  • High Demand for Fast Network - In various enterprise and industry applications, the market for Private 5G networks is experiencing an increasing adoption of very secure 5G network infrastructure. The growing demand for efficient and robust connectivity solutions that meet the particular needs of industries, such as manufacturing, logistics, healthcare, or intelligent cities, is leading to this trend.

Challenges

  • Stability Integration in Wi-Fi Communication Technology - Several businesses are running day-to-day operations with wireless network technology. With the wide coverage of Wi-Fi, employees can stay in contact with each other from all parts of their work or building. When wireless products and smart devices are installed in enterprises, operating costs will be reduced and a good return on investment can be obtained. The different benefits of Wi-Fi the key obstacles to market growth are the widespread adoption of fiber technology by companies and its high levels of acceptance.
  • Lack of Standardization is Set to Hinder the Market Share during the Forecast Period
  • Integration with the Legacy System is Expected to Pose Limitations on the Market Growth in the Upcoming Period

Private 5G Network Market: Key Insights

Base Year

2023

Forecast Year

2024 - 2036

CAGR

~44%

Base Year Market Size (2023)

~USD 47 Billion

Forecast Year Market Size (2036)

~USD 500 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Private 5G Network Segmentation

Component (Hardware, Software)

In terms of component, the hardware segment is set to dominate the private 5G network market registering a growth of 60% by the end of 2036. In particular, this is due to the widespread deployment of core networks, backhaul, and transport equipment worldwide. The deployment of advanced equipment to support efficient operation and deliver high-speed bandwidth is driving the growth of this segment by key network providers such as Nokia Corporation, Qualcomm Technologies, Inc., and Ericsson.

Vertical (Manufacturing, Energy & Utilities, Transportation & Logistics, Aerospace & Defense, Government & Public Safety, Corporates/Enterprises, Mining, Healthcare, Oil & Gas)

Based on vertical, the manufacturing segment in the private 5G network market is set to hold the highest revenue share during the forecast period. The growth is driven by the demand for private 5G services to provide seamless connectivity with several devices, e.g. UltraHD cameras, Extended Reality Headsets, and Audio Guidance Vehicles. In addition, the growth of this segment is projected to be driven by an increasing need for continuous communication between machines.  In different sectors, such as manufacturing, energy and utilities, transport and logistics, aerospace and defense, oil and gas, mining, or government and public safety, there is a strong preference for the deployment of a personal 5G network. Private 5G reduces data transfer times between machines and robots by 90%, translating to near-instantaneous communication with an increase of 20 % in production speed.

Our in-depth analysis of the global private 5G network market includes the following segments:

          Component

  • Hardware
  • Software

          Frequency

  • Sub-6 GHz
  • mmWave

          Vertical

  • Manufacturing
  • Energy & Utilities
  •  Transportation & Logistics
  • Aerospace & Defense
  •  Government & Public Safety
  • Corporates/Enterprises
  •  Mining, Healthcare
  • Oil & Gas

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Private 5G Network Industry - Regional Synopsis

North America Market Forecasts

North American is set to dominate the private 5G network market reaching 33% growth by the end of 2036. This is due to the presence of major solution providers like Qualcomm Technologies, Inc. and significant investments from some of the largest telecommunications companies including AT&T or Verizon Communications as they deploy their own 5G network infrastructure. The region is also benefiting from a strong deployment of industrial sensors by major car manufacturers such as Ford Motor Company and General Motors, which gives rise to growth opportunities. The market growth in North America is also driven by the increasing demand for bandwidth with low latency connectivity within sectors such as Public Safety, Oil & Gas, and Air Space Security.

APAC Market Statistics

The private 5G network market in the Asia Pacific region is set to hold significant growth during the estimated period. The presence of manufacturers and their investments in automated production are contributing to the region's development. Significant investments to acquire the 5G spectrum are being made by key countries of the region, such as China, Japan, South Korea, and Australia, contributing to market growth. Large adoption of loT technology and the development of intelligent cities is underway in the Asia Pacific region. Massive connectivity needs for loT are supported by private 5G network applications and enabling a seamless integration of Smart Cities technologies. The adoption of advanced technologies, including 5G, is being actively encouraged by governments in the Asia Pacific region.  According to the forecast, by the end of 2030, 5G penetration will reach 41 percent, up from 4 percent at the end of 2022.

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Private 5G Network Market Size
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Companies Dominating the Private 5G Network Landscape

top-features-companies
    • Telefonaktiebolaget LM Ericsson
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Nokia Corp
    • Samsung
    • ZTE Corp.
    • Deutsche Telekom
    • Juniper Networks
    • AT&T Inc.
    • Verizon Communications
    • Huawei Technologies Co., Ltd.
    • Altiostar

In-the-news

In The News

  • Deutsche Telekom launched its latest solution, 'Campus Network Smart' which was developed with Microsoft. The solution consists of private 5G networks and is built based on the Microsoft Azure private multiaccess compute platform It provides customers with a reliable, secure private network that can operate in any location without delay.
  • Telefonaktiebolaget LM Ericsson announced its partnership with MUGLER, a European telecommunications system integrator and network provider. The partnership envisages the provision of private 5G networks to support the adoption, use, and scale-up of advanced and emerging data-driven technologies based on secure and reliable connectivity.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5654
  • Published Date: Feb 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing development of smart infrastructure and the integration of IoT are some of the major factors anticipated to drive the growth of the private 5G network market.

The market is anticipated to attain a CAGR of ~44% over the forecast period, i.e., 2024-2036.

The major players in the market are Samsung, ZTE Corp., Deutsche Telekom, Juniper Networks, AT&T Inc., and others.

The manufacturing segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Private 5G Network Market Report Scope
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