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The private 5G network market size is projected to reach US$ 27.87 billion by 2030 from US$ 1.92 billion in 2022. The market is expected to register a CAGR of 39.7% during 2022–2030. Increasing use of 5G small cells is likely to remain a key trends in the market.
Private 5G Network Market Analysis
Growing use and easy availability of private 5G networks and increasing demand for IoT are driving the market. The market is anticipated to grow during the forecast period, due to the rising digitalization across enterprises. Moreover, government initiatives to promote the 5G network sector and increasing deployment of time-sensitive networking in automotive industries are creating lucrative opportunities for the market.
Private 5G Network Market Overview
A private 5G network is a dedicated local area network (LAN) that expands internet connectivity for enterprise, industrial, and other users. Next-generation network services are expected to meet the demand for important wireless communication for public safety, industrial operations, and critical infrastructure connectivity as they develop. Furthermore, the global market is driven primarily by the growing demand for ultra-reliable, low-latency connections for Industrial Internet of Things (IoT) applications such as robots, collaborative industrial cameras, industrial cameras, and industrial sensors.
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Private 5G Network Market: Strategic Insights
Market Size Value in US$ 1.93 billion in 2022 Market Size Value by US$ 27.87 billion by 2030 Growth rate CAGR of 39.7% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Private 5G Network Market: Strategic Insights
| Market Size Value in | US$ 1.93 billion in 2022 |
| Market Size Value by | US$ 27.87 billion by 2030 |
| Growth rate | CAGR of 39.7% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Private 5G Network Market Drivers and Opportunities
Growing Use and Easy Availability of Private 5G Network to Favor the Market
Several companies are launching initiatives to encourage the use of private 5G networks. For example, in September 2023, Siemens announced the open availability of their private 5G infrastructure for industrial-grade networking in Germany, the original home of Industry 4.0. Furthermore, a business called IS-Wireless has been chosen to supply private 5G for Industry 4.0 in Germany. The Campus DynA consortium, which includes German industry giants such as Gestalt Robotics, T-Systems, OSRAM, Fraunhofer, and the Werner-von-Siemens Center for Industry and Science, has selected IS-Wireless as the provider of the 5G network based on the Open RAN concept.
Government Initiatives to Promote the 5G Network Sector
The Canadian government is promoting the private 5G network sector. For example, in May 2023, the Canadian federal government issued a new set of spectrum licensing criteria through Innovation, Science, and Economic Development Canada (ISED), thereby allowing private 5G networks in Canada. Furthermore, the private 5G network is primarily utilized in the mining industry. For example, in September 2023, the Detour Lake gold mine in northeastern Ontario is expected to benefit from new technology, such as remote drilling and driverless vehicles, thanks to a 5G private network developed the previous year in conjunction with Rogers. Thus, supportive government measures and increasing uptake of private 5G networks are driving the industry
Private 5G Network Market Report Segmentation Analysis
Key segments that contributed to the derivation of the private 5G network market analysis are component, frequency, and end user.
- Based on component, the private 5G network market is divided into hardware, software, and services. The hardware segment held a larger market share in 2022.
- On the basis of frequency, the market is bifurcated into Sub-6GHz and mmWave. The Sub-6GHz segment held a larger market share in 2022.
- In terms of end user, the market is divided into manufacturing, energy and utilities, automotive, military and defense, government and public safety, and others. The manufacturing segment held a larger market share in 2022.
Private 5G Network Market Share Analysis by Geography
The geographic scope of the private 5G network market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The market in Europe is projected to expand during the forecast period. The UK is one of the world's fastest growing economies. It is experiencing significant growth in the private 5G network sector. For example, in June 2023, Vodafone launched the first 5G SA network for consumers in the UK. At launch, the 5G SA was available in major UK cities such as London, Manchester, Glasgow, and Cardiff. Commercially known as Vodafone 5G Ultra, the operator promises better connectivity in busy areas, faster speeds, and longer battery life. Vodafone and ITN deployed 5G slicing during live coverage of Charles III's coronation. Furthermore, in November 2021, Basingstoke and Deane Borough Council awarded Cellnex UK a contract to develop and install a 5G private network in Basing View, Basingstoke's central business district, consisting of a 5G core. Basingstoke's central business district comprises a 5G core network and a Radio Access Network. As several companies are investing in the private 5G network, the market is growing in the UK.
Private 5G Network Market Report Scope
Private 5G Network Market News and Recent Developments
The private 5G network market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the private 5G network market are listed below:
- Nokia announced the launch of the Nokia DAC PW Compact, a new configuration optimized to meet the private wireless connectivity needs of small, mid-sized industrial sites. As more industries move toward digital transformation to improve their business processes, a compact version of Nokia's market-leading private wireless solution delivers rigorous security and reliable connectivity that ensures even the smallest enterprise sites can benefit from the transition. (Source: Nokia Corp, Company Website, October 2023)
- AT&T Mexico Adds New Allies to Their 5G Innovation Lab to Develop Uses Cases for Private Networks. In Alliance with Qualcomm, Celona, Axity, and Veea, the company has started technological testing private networks within the 5G Innovation Lab that AT&T has located in Mexico City. (Source: AT&T Inc, Company Website, April 2023)
Private 5G Network Market Report Coverage and Deliverables
The “Private 5G Network Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Private 5G network market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Private 5G network market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Private 5G network market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the private 5G network market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Frequency, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global private 5G network market is estimated to register a CAGR of 39.7% during the forecast period 2022–2030.
The global private 5G network market is expected to reach US$ 27.87 billion by 2030.
Europe dominated the private 5G network market in 2022.
Growing use and easy availability of private 5G networks and increasing demand for IoT are the major factors that propel the global private 5G network market.
Increasing use of 5G small cells to play a significant role in the global private 5G network market in the coming years.
The key players holding majority shares in the global private 5G network market are Cisco Systems Inc, Huawei Technologies Co Ltd, Nokia Corp, Telefonaktiebolaget LM Ericsson, T-Systems International GmbH, Verizon Communications Inc, Vodafone Group Plc, AT&T Inc, Qualcomm Inc, and Amazon Web Services Inc.
The List of Companies - Private 5G Network Market
- AT&T Inc.
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Nokia
- Telefonaktiebolaget LM Ericsson
- T-Systems International GmbH
- Amazon.com, Inc.
- Qualcomm Technologies, Inc.
- Verizon
- Vodafone Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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