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: Apr 29, 2024
  • Report Format: PDF, PPT

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

Private 5G Network Market size is projected to reach USD 47 Billion by the end of 2036, growing at a CAGR of 40% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the private 5G network was USD 2 Billion. The market expansion is due to the growing number of web users, expanding speculations, improvements to the innovation framework, and cheaper information plans.

Moreover, with innovation entering, the number of gadgets being utilized has expanded, which increases the number of associated gadgets and the request for moo inactivity and higher transfer speed systems that can be given by private 5G networks. The number of internet users worldwide reached 5.35 billion in January 2024, accounting for 66.2 percent of the global population. 

In addition to these, factors that are believed to fuel the market growth of private 5G network include recent developments. For instance, Ericsson's Cradlepoint announced the introduction of a subscription-based NetCloud Private Networks solution that will supplement Ericsson's Private 5G solution, which is mainly intended for industrial uses where latency, high dependability, low and business-critical capabilities are crucial.


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

Growth Drivers

  • Private 5G network in healthcare - Fast and extensive medical imaging data transfer is made possible by private 5G, which can also provide a better connection since it can be customized to match the unique requirements of healthcare institutions.According to a survey, more than 70% of healthcare organizations intend to install private 5G networks to provide telemedicine services that are faster and more secure.
  • Development of smart infrastructure - For sites that need a lot of data but are limited by geography, such as a port, tunnel, water treatment plant, or parking lot, a private 5G smart city network is perfect to facilitate the connection of diverse devices and sensors, offering real-time data and insights to facilitate improved resource management and decision-making.

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 the next-generation wireless network, 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 key obstacles to market growth are the widespread adoption of fiber technology by companies and its high levels of acceptance.
  • Lack of standardization is likely to hinder market share during the forecast timeline.
  • Integration with the legacy system is expected to pose limitations on the market demand for private 5G networks in the upcoming period.

Private 5G Network Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

40%

Base Year Market Size (2023)

USD 2 Billion

Forecast Year Market Size (2036)

USD 47 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

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

The manufacturing segment in the private 5G network market is estimated to gain a revenue share of about 40% by the end of the year 2036. The segment growth can be a result of the growing 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 expected on account of the 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. 

Component (Hardware, Software)  

The hardware segment in the private 5G network market is slated to garner a notable share shortly. 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.

Our in-depth analysis of the global 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 American Market Statistics

The private 5G network market in North America is anticipated to hold a share of about 35% by the end of 2036. Market growth in the region is expected on account of the presence of major solution providers like Qualcomm Technologies, Inc. and significant investments from some of the largest telecommunications companies, including AT&T and Verizon Communications, as they deploy their private 5G network infrastructure.

For instance, the new RAN Automation Platform for Qualcomm Private Networks was introduced by Qualcomm Technologies, Inc. to enable private networks to realize the full promise of 5G by simplifying and expediting the planning and provisioning of automated RAN operations and to provide complete, pre-integrated 5G private network solutions that are prepared for use cases relevant to particular industry verticals.

Additionally, market growth in North America is also impelled by the increasing demand for bandwidth with low latency connectivity within sectors such as public safety, oil and gas, and airspace security.

APAC Market Analysis

The Asia Pacific region will also encounter tremendous growth for the private 5G network market during the forecast period and will hold the second position, credited to the presence of manufacturers and their investments in automated production in the region. Significant investments to acquire the 5G spectrum are being made by key countries in the region, such as China, Japan, South Korea, and Australia, contributing to market growth.

Large-scale adoption of IoT technology and the development of intelligent cities are underway in the Asia-Pacific region. Massive connectivity needs for loT are supported by private 5G network applications and enable a seamless integration of smart city technologies.

Furthermore, 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.

Research Nester
Private 5G Network Market Regional
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Companies Dominating the Private 5G Network Landscape

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

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


  • Report ID: 5654
  • Published Date: Apr 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of private 5G network was over USD 2 billion.

The market size for private 5G network is projected to cross USD 47 billion by the end of 2036 expanding at a CAGR of 40% during the forecast period i.e., between 2024-2036.

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

In terms of vertical, the manufacturing segment is anticipated to account for the largest market share of 40% during 2024-2036.

In the year 2023, the industry size of private 5G network was over USD 2 billion.
Private 5G Network Market Report Scope
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