Private 5G Network Market Size and Share Overview with Forecast from 2024 to 2030

nirankammr

posted on 3 months ago — updated on 1 second ago

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Global Private 5G Network Market size was valued at USD 1.82 Bn in 2023 and is expected to reach USD 21.50 Bn by 2030, at a CAGR of 42.3 %.

The Private 5G Network Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Private 5G Network Market, as well as the causes for variances in the industry’s growth in various places

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Private 5G Network Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Private 5G Network Market Drivers:

The private 5G network market is experiencing significant growth due to several market drivers. One of the main drivers is the increased demand for high-speed and low-latency communication. Private 5G networks offer higher data speeds and lower latency than traditional wireless networks, making them ideal for applications that require real-time data processing and high-speed communication. Another major driver of the private 5G network market is the growing need for secure and reliable communication. With increasing cybersecurity threats and data breaches, organizations are increasingly looking for secure and reliable communication solutions. Private 5G networks offer enhanced security and reliability compared to public networks, as they can be customized to meet the specific needs of the organization.

Furthermore, the rising adoption of Industry 4.0 technologies such as Industrial Internet of Things (IIoT), automation, and artificial intelligence is also driving the growth of the private 5G network market. Private 5G networks offer higher bandwidth, lower latency, and better coverage, making them ideal for industrial applications. For instance, in October 2020, Siemens and Qualcomm announced a collaboration to develop 5G-based technologies for industrial automation, which would enable new use cases such as predictive maintenance, autonomous logistics, and augmented reality. Moreover, the increasing investments by governments and private players in 5G infrastructure development is expected to drive the growth of the private 5G network market. For instance, in November 2020, the US Federal Communications Commission (FCC) announced plans to auction off mid-band spectrum for 5G networks, which would provide a boost to the private 5G network market. In addition, major players such as Ericsson, Nokia, and Huawei are investing heavily in the development of 5G infrastructure, which is expected to drive the growth of the private 5G network industry. India have also developed their infrastructure for the private 5G network industry.

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Private 5G Network Market Segmentation:

by Industry Outlook

Hardware
Software
Service

by Frequency

Sub-6 GHz
mmWave

by Spectrum Outlook

Licensed
Unlicensed/Shared

by Vertical Outlook

Manufacturing
Energy & Utilities
Transportation & Logistics
Defense
Enterprises & Campus
Others

Private 5G Network Market Key Players: The key players are

North America
1. Cisco (US)
2. CommScope (US)
3. Verizon (US)
4. Intel Corporation (US)
5. Dell Technologies (US)
6. Juniper Networks (US)
7. HPE (US)
8. IBM (US)

Europe
9. Ericsson (Sweden
10. Nokia (Finland)
11. Orange (France)
12. Vodafone (UK)
13. Telefónica (Spain)
14. Deutsche Telekom (Germany)
15. BT Group (UK)

APAC
16. Huawei (China)
17. Samsung (South Korea)
18. NEC Corporation (Japan
19. ZTE Corporation (China)
20. ALT Telecom
21. Bharti Airtel (India)
22. Fujitsu (Japan)
23. Infosys (India)

ME
24. Network International
25. RADCOM
26. Telecom Argentina

South America
27. Telefonica Brasil

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Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Private 5G Network Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the Private 5G Network Market Report are:

1. What are the growth drivers for the Global Market?

2. What are the major restraints for the Global Private 5G Network Market growth?

3. Which region is expected to lead the Global Private 5G Network Market during the forecast period?

4. What is the projected market size & and growth rate of the Global Private 5G Network Market?

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