Private 5G Network Market is predicted to grow at a 39.1% CAGR during the forecast period and anticipated to reach USD 12,713 Million by 2027

Introduction of the Global Private 5G Networks Market Report

The private 5G network refers to a wireless local area network (LAN) that uses 5G technologies to deliver enhanced internet connectivity with dedicated bandwidth and infrastructure to an enterprise or industry. 5g is a cellular technology that offers highly reliable wireless network, full mobility, security, wide coverage for devices in the enterprise, ultra-high speed, and ultra-low latency for real-time service.

To have an edge over the competition by knowing the market dynamics and current trends of “Private 5G Network Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

Rising digital transformation of enterprises owing to the emergence of the 4th industrial revolution with advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), 3D printing, genetic engineering, quantum computing, and other technologies is expected to boost the demand for private 5G network during the forecast period. In addition, private 5G network provide numerous benefits that include ultra-connectivity, maintains service performance, convenient and efficient operation, network flexibility, high bandwidth connections, artificial intelligence-driven applications support, among other advantages. This is anticipated to further drive the growth of the 5g private network market.

Moreover, private 5G network combines advanced communication technologies including 5G radio and network slicing that offers multiple dedicated networks and on demand virtualized network resources. This is expected to reduce the network investment and operation costs of enterprise, which thereby stimulate the demand for private 5G network. Furthermore, growing demand for high-speed bandwidth connectivity during real-time based networking and end to end security across various sectors, including manufacturing, oil and gas, aerospace, transportation, government and public safety is projected to provide huge growth opportunities to the 5G private network market size.

Restraint in the Private 5G Network Market

However, high costs related to the development and maintenance cost of 5G infrastructure may hamper the growth of the market. Moreover, increasing concern for cyber-attacks including Denial of Service (DoS) attacks, Mobile Network Mapping (MNmap) attacks, malware delivery, mobile identity capture, and DNS spoofing attack is further expected to restraint the market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Component – Segment Analysis

Based on component, the hardware segment is expected to account for a prominent share in the market. This can be attributed to the growing installation of RAN equipment, core network devices, routers, switches, and backhaul and transport equipment for the deployment of private 5G network in organizations. Moreover, increasing demand for feasible equipment to operate the high-speed mobile network privately by companies is anticipated to boost the market growth.

Frequency – Segment Analysis

Based on frequency, sub-6 GHz frequency segment of private 5G network market is anticipated to hold a major share during the forecast period owing to higher signal data rates, lower penetration losses, and more transmission reflections than mm wave.

Spectrum – Segment Analysis

Based on the spectrum, the licensed segment is projected grow at a significant CAGR during the forecast period. This can be attributed to increasing demand for highly secured connectivity of private 5G networks for mission-critical applications such as automated guided vehicles (AGV), connected cars, manufacturing robots, remote surgery equipment, precision agriculture equipment, and others.

Industry Vertical – Segment Analysis

Based on the industry vertical, the energy and utilities sector is anticipated to witness high CAGR over the forecast period primarily due to the growing adoption of a secured private 5G network for high-speed internet connectivity during energy generation, distribution applications, smart meter security, and others. Additionally, Infosys Limited, Intellias Ltd., and Nokia Corporation providing 5G network solution and services to the energy and utilities sector is expected to contribute to the market growth.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on region, North America is anticipated to account for a major share in the Private 5G Network market during the forecast period. This can be attributed to the technological advancement and rapid digitization of industries including automotive, energy & utilities, manufacturing, aerospace & defence, healthcare in the region. Moreover, presence of some of the leading players including AT&T Inc., Nokia Corporation, and Verizon Communications among others are further supporting the market growth in the region.

Top Market Players

Several Leading players operating in the market, include, Qualcomm Technologies, Inc., Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, Nokia Corporation, AT&T Inc., Verizon Communications, Inc., Broadcom Inc., Huawei Technologies Co., Ltd., T-Systems International GmbH, and Cisco Systems, Inc., among others. 

Key Developments:

• • In 2020, Verizon Communications, Inc. launched its international private 5G platform for global enterprises located in Europe and the Asia-Pacific region in partnership with Nokia Corporation.
  • In 2020, Fujitsu launched private 5G services to support customers’ use of private 5G or private wireless systems in Japan. This is expected to enhance the product and service portfolio of the company.

Segments covered in the Report:

The global Private 5G Network Market has been segmented on the basis of frequency, spectrum,  and key regions. Based on component, the market is segmented into hardware and services. Based on frequency, the market is segmented into Sub-6 GHz and mmWave. Based on spectrum, the market is segmented into licensed and unlicensed/shared. Based on industry vertical, the market is segmented into manufacturing, energy & utilities, transportation & logistics, aerospace & defence, government, enterprises, mining, healthcare, oil & gas, and others.

For detailed scope of the “Private 5G Network Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Private 5G Network Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Private 5G Network Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Private 5G Network Market?
  • What is the Global Private 5G Network Market Size in 2019?
  • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
  • What are the various industry verticals of global Private 5G Network Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2027)	USD 12,713 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By component, By Frequency, By Spectrum, By Industry Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Qualcomm Technologies, Inc., Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, Nokia Corporation, AT&T Inc., Verizon Communications, Inc., Broadcom Inc., Huawei Technologies Co., Ltd., T-Systems International GmbH, and Cisco Systems, Inc., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Private 5G Network Market by Component

• • Hardware
  • Radio Access Network
  • Core Network
  • Backhaul & Transport Interconnecting
  • Services
  • Installation & Integration
  • Data Services
  • Support & Maintenance

Global Private 5G Network Market by Frequency

• • Sub-6 GHz
  • mmWave

Global Private 5G Network Market by Spectrum

• • Licensed
  • Unlicensed/Shared

Global Private 5G Network Market by Industry Vertical

• • Manufacturing
  • Energy & Utilities
  • Transportation & Logistics
  • Aerospace & Defence
  • Government & Public Safety
  • Enterprises
  • Mining
  • Healthcare
  • Oil & Gas
  • Others

Global Private 5G Network Market by Region

• • North America Private 5G Networks Market (Option 1: As a part of the free 25% customization)
    • North America Market by Component
    • North America Market by Frequency
    • North America Market by Spectrum
    • North America Market by Industry vertical
    • US Market All-Up
    • Canada Market All-Up
  • Europe Private 5G Networks Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Component
    • Europe Market by Frequency
    • Europe Market by Spectrum
    • Europe Market by Industry vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Private 5G Networks Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Component
    • Asia-Pacific Market by Frequency
    • Asia-Pacific Market by Spectrum
    • Asia-Pacific Market by Industry vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Private 5G Networks Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Component
    • RoW Market by Frequency
    • RoW Market by Spectrum
    • RoW Market by Industry vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Private 5G Network Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Qualcomm Technologies, Inc.
  • Deutsche Telekom AG
  • Telefonaktiebolaget LM Ericsson
  • Nokia Corporation
  • AT&T Inc.
  • Verizon Communications, Inc.
  • Broadcom Inc.
  • Huawei Technologies Co., Ltd
  • T-Systems International GmbH
  • Cisco Systems, Inc.