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Global Private 5G Network Market Size, Share, Forecast: By Component: Hardware, Software, Services; By Frequency: Sub-6 GHz, MmWave; By Spectrum: Licensed, Unlicensed/Shared; By Vertical: Manufacturing/Factories, Energy and Utilities, Transportation and Logistics, Defence, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Private 5G Network Market Outlook
The global private 5G network market size was approximately USD 2.03 billion in 2023. The market is further projected to grow at a CAGR of 30.5% between 2024 and 2032, reaching a value of USD 25.36 billion by 2032.
Key Trends in the Market
A private 5G network refers to a dedicated Local Area Network (LAN) utilising 5G technology, offering universal connectivity and services within a defined area. It provides the advantages of 5G, including low latency, high transmission speed, increased device connections, and support for augmented reality (AR) and virtual reality (VR) applications. With applications across industries like manufacturing, healthcare, automotive, government, mining, and aerospace, private 5G networks cater to specific connectivity needs. The global market is driven by the demand for reliable, low-latency connectivity in Industrial Internet of Things (IIoT) applications, encompassing collaborative robots, industrial cameras, and sensors.
- The global private LTE market is on the rise, witnessing deployment across various industrial sectors. Leveraging the robust LTE infrastructure, this trend benefits from a standardised, high-volume environment and the expertise of established suppliers for network development and deployment.
- While LTE can accommodate various industrial applications, the superior performance demands of consumers, including availability, reliability, latency, jitter, device capacity, and speed, are better addressed by 5G. With advancements in the radio domain and network design, 5G is well-equipped to meet the high-performance requirements essential for private 5G networks. This contributes to the private 5G network market demand.
- With the potential to play a pivotal role in scenarios where information confidentiality is paramount, private 5G network is anticipated to witness a surge in adoption. This is expected to be particularly high in sectors such as government, public safety, and enterprise data storage applications throughout the forecast period, thereby aiding the private 5G network market growth.
- The oil and gas industry's swift transition to digital processes has heightened the requirement for exceptionally reliable and secure bandwidth capacity. This trend is expected to drive the demand for high-bandwidth private networks, particularly within the Organization of the Petroleum Exporting Countries (OPEC).
Private 5G Network Market Segmentation
Based on component, the market is categorised into hardware, software, and services. On the basis of frequency, the market can be bifurcated into Sub-6 GHz and MmWave. The market is divided based on spectrum into licensed and unlicensed/shared.
The market can further be segmented on the basis of vertical into manufacturing/factories, energy and utilities, transportation and logistics, defence, enterprises and campus, mining, healthcare/hospitals, oil and gas, retail, agriculture, smart cities, and others.
The major regional markets for private 5G network are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global private 5G network market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Cisco Systems Inc.
- Samsung Electronics Co., Ltd.
- AT&T Inc.
- Verizon Communications Inc.
- Huawei Technologies Co., Ltd.
- ZTE Corporation
- Telefonaktiebolaget LM Ericsson
- Nokia Corporation
- Juniper Networks, Inc.
- Deutsche Telekom AG
- Others
Private 5G Network Market Share by Component
The hardware segment is sub-divided by type into Radio Access Network (RAN), core network, and backhaul and transport. The segment contributes to the majority of revenue, driven by widespread deployment of core networks and backhaul/transport equipment globally. Key providers like Nokia, Qualcomm, and Ericsson contribute to this growth with a focus on enhancing their products and services.
Meanwhile, the services segment, which includes installation and integration, data services, and support and maintenance, is anticipated to witness significant growth, particularly in installation and integration services, as there is a rising focus on installing private 5G core networks for secure information management.
Market Share by Region
As per the private 5G network market analysis, North America dominates with over 31% market share, led by providers like Qualcomm, AT&T, and Verizon investing heavily in private 5G network infrastructure. The region sees growth opportunities with automakers deploying industrial sensors, including Ford and General Motors. The demand for Ultra-reliable Bandwidth Low Latency Connectivity (URLLC) across sectors like public safety, oil and gas, and aerospace boosts North American market growth.
Meanwhile, the Asia Pacific is the fastest-growing region, driven by manufacturers investing in automated factories and substantial 5G spectrum acquisitions in countries like China, Japan, South Korea, and Australia.
The transition to autonomous industries by major players such as Siemens, ABB, and Mercedes Benz is expected to drive private 5G adoption in key European countries like Germany and the U.K.
Competitive Landscape
Samsung Electronics Co., Ltd., a global technology leader, pioneers in innovation of TVs, smartphones, wearables, tablets, digital appliances, network systems, medical devices, semiconductors, and LED solutions. With origins in 1969, it has evolved into a top-10 global brand, known for its Smart Home and Digital Health initiatives in the Internet of Things space. Samsung's expansive network worldwide reflects its growth driven by the creativity and diversity of its talented workforce.
ZTE Corporation, a global leader in telecommunications and information technology, provides innovative solutions to telecom operators, governments, enterprises, and consumers across 160+ countries. Listed on the Hong Kong and Shenzhen Stock Exchanges since 1985, ZTE is dedicated to fostering connectivity and trust worldwide, serving over a quarter of the global population. Committed to a better future, ZTE remains at the forefront of integrated communication and information solutions.
Deutsche Telekom AG, a global telecommunications leader, serves 245 million mobile, 25 million fixed-line, and 21 million broadband customers in over 50 countries. Generating €114.4 billion in 2022 with 206,800 employees, Deutsche Telekom is evolving into a digital service company, focusing on software and digitisation. With a commitment to network expansion and innovation, it invests significantly, aiming to meet growing data demands and spearhead digital transformation across industries, including automotive, manufacturing, logistics, healthcare, and the public sector.
Other players in the private 5G network market include Cisco Systems Inc., AT&T Inc., Verizon Communications Inc., Huawei Technologies Co., Ltd., Telefonaktiebolaget LM Ericsson, Nokia Corporation, and Juniper Networks, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Frequency |
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| Breakup by Spectrum |
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| Breakup by Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Private 5G Network Market Analysis
8.1 Key Industry Highlights
8.2 Global Private 5G Network Historical Market (2018-2023)
8.3 Global Private 5G Network Market Forecast (2024-2032)
8.4 Global Private 5G Network Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Radio Access Network
8.4.1.3.2 Core Network
8.4.1.3.3 Backhaul and Transport
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 Breakup by Type
8.4.3.3.1 Installation and Integration
8.4.3.3.2 Data Services
8.4.3.3.3 Support and Maintenance
8.5 Global Private 5G Network Market by Frequency
8.5.1 Sub-6 GHz
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 MmWave
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Private 5G Network Market by Spectrum
8.6.1 Licensed
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Unlicensed/Shared
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Private 5G Network Market by Vertical
8.7.1 Manufacturing/Factories
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Energy and Utilities
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Transportation and Logistics
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Defence
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Mining
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Healthcare
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Oil and Gas
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Retail
8.7.8.1 Historical Trend (2018-2023)
8.7.8.2 Forecast Trend (2024-2032)
8.7.9 Agriculture
8.7.9.1 Historical Trend (2018-2023)
8.7.9.2 Forecast Trend (2024-2032)
8.7.10 Smart Cities
8.7.10.1 Historical Trend (2018-2023)
8.7.10.2 Forecast Trend (2024-2032)
8.7.11 Others
8.8 Global Private 5G Network Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Private 5G Network Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Private 5G Network Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Private 5G Network Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Private 5G Network Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Private 5G Network Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cisco Systems Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Samsung Electronics Co., Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 AT&T Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Verizon Communications Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Huawei Technologies Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 ZTE Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Telefonaktiebolaget LM Ericsson
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Nokia Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Juniper Networks, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Deutsche Telekom AG
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Private 5G Network Market: Key Industry Highlights, 2018 and 2032
2. Global Private 5G Network Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Private 5G Network Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Private 5G Network Historical Market: Breakup by Frequency (USD Billion), 2018-2023
5. Global Private 5G Network Market Forecast: Breakup by Frequency (USD Billion), 2024-2032
6. Global Private 5G Network Historical Market: Breakup by Spectrum (USD Billion), 2018-2023
7. Global Private 5G Network Market Forecast: Breakup by Spectrum (USD Billion), 2024-2032
8. Global Private 5G Network Historical Market: Breakup by Vertical (USD Billion), 2018-2023
9. Global Private 5G Network Market Forecast: Breakup by Vertical (USD Billion), 2024-2032
10. Global Private 5G Network Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Private 5G Network Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Private 5G Network Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Private 5G Network Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Private 5G Network Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Private 5G Network Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Private 5G Network Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Private 5G Network Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Private 5G Network Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Private 5G Network Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Private 5G Network Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Private 5G Network Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Private 5G Network Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.03 billion.
The global market for private 5G network is projected to grow at a CAGR of 30.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 25.36 billion by 2032.
The major market drivers include increasing demand for Time-Sensitive Networking (TSN) and real-time-based networking, rising concerns for confidentiality of information from government and public safety organisations, growing digitisation in the oil and gas industry, among other factors.
The rising demand for smart infrastructure such as smart cities and the increasing demand for Internet of Things (IOT) are some of the key trends guiding the market.
North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa are the major regional markets for private 5G network.
The major verticals of private 5G network are manufacturing/factories, energy and utilities, transportation and logistics, defence, enterprises and campus, mining, healthcare/hospitals, oil and gas, retail, agriculture, smart cities, and others.
The key players in the market are Cisco Systems Inc., Samsung Electronics Co., Ltd., AT&T Inc., Verizon Communications Inc., Huawei Technologies Co., Ltd., ZTE Corporation, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Juniper Networks, Inc., and Deutsche Telekom AG, among others.
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