Private 5G Network Market Size Worth $41.02 Billion By 2030

The global private 5G network market size is projected to reach USD 41.02 billion by 2030, progressing at a significant compound annual growth rate (CAGR) of 49.0% during the forecast period. The major factors driving industry growth include the rapid proliferation of the 5G network infrastructure across the globe, the technological advancements being made in the industrial and manufacturing sectors with a view to improve productivity and efficiency, and the application of private 5G networks in critical areas such as logistics, defense, energy and utilities, and oil and gas. Companies in this space have viewed these developments as significant opportunities to offer their services, thus creating an intensifying competitive environment.

The transportation and logistics sector is anticipated to benefit hugely from the developments in the private 5G network industry in the coming years. Vehicle-to-Infrastructure (V2I) and Vehicle-to-Vehicle (V2V) connectivity is expected to become seamless, which is expected to result in secure and uninterrupted connectivity with vessels, ports, and ships. In the oil and gas sector too, digitization has become a necessity, in order to improve the speed and efficiency of processes, making it vital to have a highly secure and reliable bandwidth capacity. This is expected to aid the demand for private networks having a large bandwidth, particularly across OPEC.

The global market has become highly competitive, especially in developing and developed economies on account of the presence of various international and regional players. These companies are striving hard to undertake partnerships and collaborations with various industrial manufacturers in order to carry out the testing of various automated devices on private 5G networks. Furthermore, there has also been a focus on forming partnerships that cater to specific application areas, exemplified by the one between Vodafone and Lufthansa Technik in February 2020 for establishing a private 5G network campus in Germany’s Hamburg airport. As per this agreement, Lufthansa Technik would be able to customize network configurations. 

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Private 5G Network Market Report Highlights

• In terms of component, the software segment is expected to witness substantial growth during the forecast period, aided by the increased focus on the deployment of cloud-based core, RAN, and edge networks. The installation and integration services segment is also expected to show promising growth through 2030, enabled by the rising focus on the installation of private 5G core networks for dedicated users

• The mmWave frequency segment is expected to witness healthy demand in the coming years; these high-band frequencies are helpful in conditions that require ultra-reliable connectivity. Accordingly, there has been a constant focus by governments of countries such as Japan, Italy, and South Korea to release millimeter wave frequencies to provide enhanced data services

• The licensed spectrum segment is expected to witness strong growth during the assessment period; countries such as Germany and the United States have been utilizing this spectrum in industrial and mission-critical application areas, such as automated guided vehicles (AGVs)

• With regard to verticals, the manufacturing/factories segment led the global private 5G network market with a revenue share of more than 15.0% in 2021 and is expected to show the fastest growth during the forecast period. The extensive use of advanced devices such as UHD cameras and VR headsets to carry out major operations has led to strong demand for private 5G services as a means to offer seamless connectivity

• North America accounted for the dominant revenue share in the market, aided by the presence of several notable names such as Qualcomm, Verizon, and AT&T in the region. Additionally, the industrial and manufacturing segment is being driven strongly by advanced technologies, which has led to a constant demand for private 5G networks. Furthermore, the United States has been frequently launching spectrum auctions, thus widening the availability of 5G infrastructure in the country

• Companies are undertaking partnerships with both government and non-government organizations to offer innovative services and stake their claim in the market. NTT Ltd. recently announced its plans to deploy the largest 5G private network in the United States for the City of Las Vegas (CoLV), which would be powered by the company’s novel open wireless smart platform. The project aims to address requirements and offer solutions in the areas of education, healthcare, and security in the initial phase 

Private 5G Network Market Report Segments

Private 5G Network Component Outlook (Revenue, USD Million, 2020 - 2030)
    • Hardware
        • Radio Access Network
        • Core Network
        • Backhaul & Transport
    • Software
    • Services
        • Installation & Integration
        • Data Services
        • Support & Maintenance

Private 5G Network Frequency Outlook (Revenue, USD Million, 2020 - 2030)
    • Sub-6 GHz
    • mmWave

Private 5G Network Spectrum Outlook (Revenue, USD Million, 2020 - 2030)
    • Licensed
    • Unlicensed/Shared

Private 5G Network Vertical Outlook (Revenue, USD Million, 2020 - 2030)
    • Manufacturing/Factories
        • Food & Beverages
        • Automotive
        • Pharmaceuticals
        • Electrical & Electronics
        • Heavy Machinery
        • Clothing & Accessories
        • Others
    • Energy & Utilities
    • Transportation & Logistics
    • Defense
    • Enterprises & Campus
    • Mining
    • Healthcare/Hospitals
    • Oil & Gas
    • Retail
    • Agriculture
    • Smart Cities
    • Others

Private 5G Network Regional Outlook (Revenue, USD Million, 2020 - 2030)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • U.K.
        • Germany
        • Italy
        • Russia
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Australia
    • South America
        • Brazil
        • Middle East & Africa (MEA)

List of Key Players in the Private 5G Network Market
    • Telefonaktiebolaget LM Ericsson
    • Nokia Corp.
    • Samsung
    • ZTE Corp.
    • Deutsche Telekom
    • Juniper Networks
    • AT&T Inc.
    • Verizon Communications
    • Altiostar
    • Huawei Technologies Co., Ltd.
    • Mavenir
    • BT Group
    • T-Systems International GmbH
    • Cisco Systems, Inc.
    • Vodafone Ltd.