Private 5G Network Market Regional Analysis:
North America Market Insights
In North America, the private 5G network market is expected to account for a robust revenue share during the forecast period owing to rapid technological advancements in 5G networking, the presence of leading telecom operators, network equipment providers, and IT companies, and rising investments in developing advanced private 5G networks. In addition, government support and investments to promote the deployment of private 5G networks and increasing collaboration with telecom operators and tech providers are expected to fuel private 5g network market growth in this region going ahead.
In the U.S. the adoption of 5G networks has significantly increased over recent years. Sectors such as manufacturing, healthcare, and logistics are rapidly deploying private 5G for IoT integration, real-time data analytics, and automation. The Federal Communications Commission’s allocation of the Citizens Broadband Radio Service (CBRS) has enabled enterprises in the U.S. to deploy private 5G networks with enhanced flexibility. Through this initiative, the commission has already deployed private 5G network solutions across the country and the number is expected to increase during the forecast period.
The government in Canada has heavily invested in 5G research partnerships, ensuring private network expansion. Many companies are also expanding their presence in the country. For instance, in January 2024, Ericsson partnered with Telus to launch and deploy its 5G standalone network from coast to coast. Through this partnership, Ericsson’s 5G Core technologies will be delivered through a cloud-native Ericsson dual-mode 5G Core solution, enabling Telus to offer the most advanced services to its customers. The private 5g network market is also supported by the rising adoption of private 5G networks across mining, oil, and gas sectors and smart city projects in Canada.
private 5G networks across mining, oil, and gas sectors and smart city projects in Canada.
Asia Pacific Market Insights
The Asia Pacific private 5G network market is expected to register a rapid revenue CAGR throughout the forecast period owing to increasing investments in 5G network infrastructure, automation, and technology upgrades across several industries, presence of some industry giants, and high usage of private 5G networks in smart city projects and manufacturing plants. Countries such as China, Japan, India, and South Korea are leading with substantial expenditures on the 5G spectrum.
China is one of the global leaders in 5G deployment, with a strong focus on private network deployments. The local government is investing in infrastructure development and integrating private 5G in critical sectors such as mining, logistics, and energy. In addition, leading companies in China are focused on providing end-to-end solutions and investing in R&D activities to cater to the rising demand.
In India, the private 5g network market is expected to expand at a robust pace owing to high usage of private 5G networks in different industries for automation, predictive maintenance, and IoT integration. In addition, telecom companies in India like Reliance Jio and Airtel are partnering with enterprises to deploy private 5G networking solutions.
