Product Code: GVR-4-68038-656-1
Private 5G Network Market Growth & Trends:
The global private 5G network market size is estimated to reach USD 36.08 billion by 2030, registering a CAGR of 54.1% from 2024 to 2030, according to a new study by Grand View Research, Inc. Significantly growing demand for ultra-reliable low-latency connectivity with a highly secure network across several mission-critical applications, such as public safety, is expected to boost the deployment of private 5G networks during the forecast period. Moreover, many industries, including manufacturing, oil & gas, mining, and energy & utility, are investing a massive amount in deploying private 5G telecom services to enhance their overall productivity and operational efficiency. As a result, it is expected to foster market growth.
The private 5G network is expected to completely transform the transportation and logistics industry by providing seamless Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) connectivity. As such, the need to ensure secure, seamless, and uninterrupted connectivity with ports, vessels, and ships is estimated to drive the market. At the same time, the continued deployment of private 5G infrastructure is estimated to improve the operational efficiencies in several Industrial IoT (IIoT) use cases. The IIoT use cases include automated guided vehicles (AGV), wireless UHD cameras, machine control systems, collaborative/cloud robots, and remote asset monitoring. Thus, the rising need for higher and secure bandwidth to ensure reliable and unified communication between IoT devices is expected to propel the market growth over the forecast period.
Key market players are entering strategic partnerships to provide high-speed private 5G network connectivity. For instance, in February 2024, Kyndryl announced its collaboration with Hewlett Packard Enterprise (HPE). With this partnership, the two companies envisage developing and delivering LTE and 5G private wireless services to customers worldwide. Such initiatives harness innovation and development in the market.
Due to the ongoing COVID-19 pandemic, several key countries, such as the U.S., France, the UK, and Australia, have temporarily postponed the 5G spectrum auctions. The pandemic has also hampered the production and supply of significant telecom equipment needed to deploy the network infrastructure. As a result, the market is anticipated to witness growth over the forecast period.
Private 5G Network Market Report Highlights:
- The hardware segment dominated the market in 2023 and is expected to retain its dominance from 2024 to 2030 due to the increasing deployment of private 5G service, RAN, and backhaul and transport equipment for various mission-critical applications
- The sub-6 GHz segment dominated the market in 2023. The segment's dominance can be attributed to the massive allocation of sub-6 GHz frequencies by communication service providers to deliver network services
- The unlicensed/shared segment dominated the market in 2023. With a rising need to avail affordable and highly secure bands of the frequency spectrum for Massive Machine Type Communication (mMTC), this segment is anticipated to account for a significant market share by 2030
- The large enterprises segment dominated the market in 2023. Fuelled by the need for efficiency and innovation, large enterprises rapidly deploy private 5G networks, propelling significant segment growth. These secure, high-speed connections are unlocking new industrial applications, thus fuelling digital transformation
- The manufacturing/factories segment dominated the market in 2023. With the growing need to provide unified connectivity with low latency to several industrial sensors, the manufacturing sector is anticipated to witness massive market growth over the forecast period
- Asia Pacific region is expected to register the fastest CAGR from 2024 to 2030. The huge presence of manufacturers and their substantial investments in building automated factories in the region is expected to fuel the market growth. Moreover, countries such as China, South Korea, Japan, and Australia are making considerable investments to acquire the 5G spectrum, which is anticipated to support the regional market growth
- Key market players are entering into strategic partnerships to provide their private 5G network offerings. For instance, in February 2023, Telefonaktiebolaget LM Ericsson announced its partnership with MUGLER, a European telco network provider and system integrator. The partnership envisages providing private 5G networks to support adopting, using, and scaling advanced and emerging data-driven technologies powered by secure and reliable connectivity
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing & Technology Trends
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.1.1. Rising implementation of highly secured 5g network infrastructure across several enterprise and industrial use cases
- 3.3.1.2. Robust deployment of next-generation private 5g network infrastructure across smart cities applications Market Restraint Impact Analysis
- 3.3.2. Market Challenge Impact Analysis
- 3.3.2.1. High technology costs and device limitations
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.2. PESTEL Analysis
Chapter 4. Private 5G Network Component Outlook
- 4.1. Segment Dashboard
- 4.2. Private 5G Network Market: Component Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 4.3.2. Radio Access Network
- 4.3.2.1. Radio Access Network Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 4.3.3. Core Network
- 4.3.3.1. Core Network Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 4.3.4. Backhaul & Transport
- 4.3.4.1. Backhaul & Transport Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 4.5. Services
- 4.5.1. Services Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 4.5.2. Installation & Integration
- 4.5.2.1. Installation & Integration Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 4.5.3. Data Services
- 4.5.3.1. Data Services Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 4.5.4. Support & Maintenance
- 4.5.4.1. Support & Maintenance Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
Chapter 5. Private 5G Network Frequency Outlook
- 5.1. Segment Dashboard
- 5.2. Private 5G Network Market: Frequency Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Sub-6 GHz
- 5.3.1. Sub-6 GHz Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 5.4. mmWave
- 5.4.1. mmWave Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
Chapter 6. Private 5G Network Spectrum Outlook
- 6.1. Segment Dashboard
- 6.2. Private 5G Network Market: Spectrum Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Licensed
- 6.3.1. Licensed Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 6.4. Unlicensed/Shared
- 6.4.1. Unlicensed/Shared Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
Chapter 7. Private 5G Network Enterprise Size Outlook
- 7.1. Segment Dashboard
- 7.2. Private 5G Network Market: Enterprise Size Movement Analysis, USD Million, 2023 & 2030
- 7.3. Small & Medium Enterprises
- 7.3.1. Small & Medium Enterprises Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 7.4. Large Enterprises
- 7.4.1. Large Enterprises Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
Chapter 8. Private 5G Network Vertical Outlook
- 8.1. Segment Dashboard
- 8.2. Private 5G Network Market: Vertical Movement Analysis, 2023 & 2030 (USD Million)
- 8.3. Manufacturing/Factories
- 8.3.1. Manufacturing/Factories Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.3.2. Automotive
- 8.3.2.1. Automotive Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.3.3. Electrical & Electronics
- 8.3.3.1. Electrical & Electronics Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.3.4. Food & Beverages
- 8.3.4.1. Food & Beverages Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.3.5. Pharmaceuticals
- 8.3.5.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.3.6. Heavy Machinery
- 8.3.6.1. Heavy Machinery Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.3.7. Clothing & Accessories
- 8.3.7.1. Clothing & Accessories Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.3.8. Others
- 8.3.8.1. Others Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.4. Energy & Utilities
- 8.4.1. Energy & Utilities Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.5. Transportation & Logistics
- 8.5.1. Transportation & Logistics Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.6. Defense
- 8.6.1. Defense Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.7. Enterprises & Campus
- 8.7.1. Enterprises & Campus Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.8. Mining
- 8.8.1. Mining Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.9. Healthcare/Hospitals
- 8.9.1. Healthcare/Hospitals Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.10. Oil & Gas
- 8.10.1. Oil & Gas Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.11. Retail
- 8.11.1. Retail Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.12. Agriculture
- 8.12.1. Agriculture Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.13. Smart Cities
- 8.13.1. Smart Cities Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
- 8.14. Others
- 8.14.1. Others Market Revenue Estimates and Forecasts, 2020 - 2030 (USD Million)
Chapter 9. Private 5G Network Market: Regional Estimates & Trend Analysis
- 9.1. North America
- 9.1.1. North America Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.1.2. U.S.
- 9.1.2.1. U.S. Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.1.3. Canada
- 9.1.3.1. Canada Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.1.4. Mexico
- 9.1.4.1. Mexico Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.2. Europe
- 9.2.1. Europe Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.2.2. UK
- 9.2.2.1. UK Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.2.3. Germany
- 9.2.3.1. Germany Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.2.4. Italy
- 9.2.4.1. Italy Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.3. Asia Pacific
- 9.3.1. Asia Pacific Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.3.2. China
- 9.3.2.1. China Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.3.3. India
- 9.3.3.1. India Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.3.4. Japan
- 9.3.4.1. Japan Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.3.5. South Korea
- 9.3.5.1. South Korea Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.3.6. Australia
- 9.3.6.1. Australia Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.4. South America
- 9.4.1. South America Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.4.2. Brazil
- 9.4.2.1. Brazil Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.5. MEA
- 9.5.1. MEA Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.5.2. Kingdom of Saudi Arabia (KSA)
- 9.5.2.1. Kingdom of Saudi Arabia (KSA) Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.5.3. UAE
- 9.5.3.1. UAE Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
- 9.5.4. South Africa
- 9.5.4.1. South Africa Private 5G Network Market estimates & forecasts, 2020 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Market Positioning
- 10.4. Company Market Share Analysis
- 10.4.1. Company Heat Map Analysis
- 10.4.2. Strategy Mapping
- 10.4.2.1. Expansions
- 10.4.2.2. Mergers & Acquisitions
- 10.4.2.3. Partnerships & Collaborations
- 10.4.2.4. New Product Launches
- 10.4.2.5. Research & Development
- 10.5. Company Profiles
- 10.5.1. Telefonaktiebolaget LM Ericsson
- 10.5.1.1. Company overview
- 10.5.1.2. Financial performance
- 10.5.1.3. Product benchmarking
- 10.5.1.4. Strategic initiatives
- 10.5.2. Nokia Corporation
- 10.5.2.1. Company overview
- 10.5.2.2. Financial performance
- 10.5.2.3. Product benchmarking
- 10.5.2.4. Strategic initiatives
- 10.5.3. Samsung Electronics Co., Ltd.
- 10.5.3.1. Company overview
- 10.5.3.2. Financial performance
- 10.5.3.3. Product benchmarking
- 10.5.3.4. Strategic initiatives
- 10.5.4. ZTE Corporation
- 10.5.4.1. Company overview
- 10.5.4.2. Financial performance
- 10.5.4.3. Product benchmarking
- 10.5.4.4. Strategic initiatives
- 10.5.5. Deutshe Telekom Group
- 10.5.5.1. Company overview
- 10.5.5.2. Financial performance
- 10.5.5.3. Product benchmarking
- 10.5.5.4. Strategic initiatives
- 10.5.6. AT&T Inc.
- 10.5.6.1. Company overview
- 10.5.6.2. Financial performance
- 10.5.6.3. Product benchmarking
- 10.5.6.4. Strategic initiatives
- 10.5.7. Juniper Networks, Inc.
- 10.5.7.1. Company overview
- 10.5.7.2. Financial performance
- 10.5.7.3. Product benchmarking
- 10.5.7.4. Strategic initiatives
- 10.5.8. Verizon Communications, Inc.
- 10.5.8.1. Company overview
- 10.5.8.2. Financial performance
- 10.5.8.3. Product benchmarking
- 10.5.8.4. Strategic initiatives
- 10.5.9. Altiostar
- 10.5.9.1. Company overview
- 10.5.9.2. Financial performance
- 10.5.9.3. Product benchmarking
- 10.5.9.4. Strategic initiatives
- 10.5.10. HUAWEI TECHNOLOGIES CO., LTD
- 10.5.10.1. Company overview
- 10.5.10.2. Financial performance
- 10.5.10.3. Product benchmarking
- 10.5.10.4. Strategic initiatives
- 10.5.11. Mavenir
- 10.5.11.1. Company overview
- 10.5.11.2. Financial performance
- 10.5.11.3. Product benchmarking
- 10.5.11.4. Strategic initiatives
- 10.5.12. T-Systems International GmbH
- 10.5.12.1. Company overview
- 10.5.12.2. Financial performance
- 10.5.12.3. Product benchmarking
- 10.5.12.4. Strategic initiatives
- 10.5.13. Cisco Systems, Inc.
- 10.5.13.1. Company overview
- 10.5.13.2. Financial performance
- 10.5.13.3. Product benchmarking
- 10.5.13.4. Strategic initiatives
- 10.5.14. Vodafone Group Plc
- 10.5.14.1. Company overview
- 10.5.14.2. Financial performance
- 10.5.14.3. Product benchmarking
- 10.5.14.4. Strategic initiatives
- 10.5.15. BT Group
- 10.5.15.1. Company overview
- 10.5.15.2. Financial performance
- 10.5.15.3. Product benchmarking
- 10.5.15.4. Strategic initiatives