The private 5G network market size has grown exponentially in recent years. It will grow from $2.3 billion in 2023 to $3.42 billion in 2024 at a compound annual growth rate (CAGR) of 48.7%. The historic period's growth can be attributed to advancements in technology, rising demands for data security, industry-specific needs, the widespread adoption of the Internet of Things (IoT), and the necessity for low-latency communication.
The private 5G network market size is expected to see exponential growth in the next few years. It will grow to $6.83 billion in 2028 at a compound annual growth rate (CAGR) of 48.9%. The anticipated growth in the forecast period can be credited to the emergence of Industry 4.0, the expansion of smart cities initiatives, the proliferation of edge computing applications, the increase in remote working and telemedicine, and the adoption of augmented reality (AR) and virtual reality (VR) applications. Major trends expected in the forecast period encompass the integration of artificial intelligence (AI), the development of hybrid network models, a focus on network slicing for customization, the escalating use of private 5G in industrial automation, and the expansion of private 5G networks in rural areas.
The private 5G network market is anticipated to experience growth driven by the increasing adoption of the Internet of Things (IoT). IoT involves connecting physical objects equipped with sensors, software, and other technologies to exchange data with other devices and systems via the Internet. The growing demand for IoT stems from its ability to enhance efficiency and productivity, achieve cost savings, gain insights from data, enable automation and control, foster innovation, and provide a competitive edge. Private 5G networks harness IoT capabilities to support various applications, offering a secure, reliable, low-latency, high-speed network that facilitates advanced technologies to enhance serviceability and enable real-time deterministic use cases. For instance, according to Akamai Technologies Inc., a US-based internet company, IoT connections are projected to rise from 15.1 billion in 2021 to 23.3 billion by 2025, as reported in August 2022.
Key players in the private 5G network sector are concentrating on developing enhanced iterations of 5G, such as 5.5G, to cater to specific use case requirements. 5.5G, also referred to as 5G advanced, represents the next generation of 5G network technologies promising speeds ten times faster than current 5G networks. For example, Huawei Technologies Co. Ltd., a China-based provider of information and communications technology (ICT) infrastructure and smart devices, unveiled eight 5.5G innovation practices in March 2024 to assist operators in deploying such networks across all frequency bands. These practices encompass crucial technological aspects such as antenna advancements, mmWave bandwidth, network intelligence within the RAN, and energy efficiency, enabling networks to deliver downlink speeds of 10 Gbps, a significant improvement over existing 5G networks.
In June 2023, Hewlett-Packard Enterprise, a US-based provider of intelligent solutions and cloud-based services, acquired Athonet for an undisclosed sum. This acquisition aims to broaden Hewlett-Packard Enterprise's edge-to-cloud and telecommunications portfolios to meet the rising demand for private networking and enterprise 5G. It will enable the integration of Athonet's technology into Hewlett-Packard Enterprise's existing CSP and Aruba networking enterprise offerings, establishing a comprehensive private networking portfolio. Athonet, headquartered in Italy, specializes in developing a connectivity platform for deploying LTE and 5G wireless networks for organizations.
Major companies operating in the private 5g network market are Samsung Electronics Co. Ltd, Affirmed Networks, Verizon Communications Inc, AT&T Inc, Dell Inc., Huawei Technologies Co., Ltd., Vodafone Ltd., Cisco Systems, Inc., Qualcomm Technologies, Inc., Oracle, Fujitsu, Hewlett Packard Enterprise Development LP, Telefonaktiebolaget LM Ericsson, Deutsche Telekom AG, Nokia Corporation, NEC Corporation, BT Group plc, ZTE Corporation, SK Telecom Co. Ltd, VMware Inc., Commscope, Juniper Networks, Inc, T-Systems International GmbH, Ciena Corporation, Mavenir, Extreme Networks, Altiostar, Airspan Networks, Comba Telecom Systems Holdings Ltd., Celona Inc.
North America was the largest region in the private 5G network market in 2023. The regions covered in the private 5g network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the private 5g network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A private 5G network denotes a localized cellular network that operates independently from public mobile network operators. It harnesses the 5G (fifth generation) wireless technology to furnish high-speed, low-latency connectivity within specific locales, like corporate campuses, manufacturing plants, stadiums, or campuses. These private 5G networks afford organizations superior flexibility, control, and performance compared to traditional public cellular networks, enabling tailored connectivity solutions tailored to specific needs and use cases.
The primary components of a private 5G network encompass hardware, software, and services. Hardware encompasses physical elements such as devices, equipment, and infrastructure, spanning deployments on-premises and in the cloud. It encompasses various frequency bands like sub-6 GHz and mmWave, including licensed and unlicensed or shared spectrums, and finds utility across diverse sectors such as banking, financial services, and insurance (BFSI), manufacturing, energy and utilities, retail and e-commerce, healthcare, infrastructure, transportation, and logistics, aerospace and defense, media and entertainment, among others.
The private 5G network market research report is one of a series of new reports that provides private 5G network market statistics, including private 5G network industry global market size, regional shares, competitors with a private 5G network market share, detailed private 5G network market segments, market trends and opportunities, and any further data you may need to thrive in the private 5G network industry. This private 5G network market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The private 5G network market consists of revenues earned by entities by providing services such as network design, installation, maintenance, ultra-reliable low-latency communication, and network slicing and management. The market value includes the value of related goods sold by the service provider or included within the service offering. The private 5G network market also includes sales of 5G base stations, small cells, antennas, routers, and software solutions for network management, security, virtualization, and application deployment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The private 5G network market size is expected to see exponential growth in the next few years. It will grow to $6.83 billion in 2028 at a compound annual growth rate (CAGR) of 48.9%. The anticipated growth in the forecast period can be credited to the emergence of Industry 4.0, the expansion of smart cities initiatives, the proliferation of edge computing applications, the increase in remote working and telemedicine, and the adoption of augmented reality (AR) and virtual reality (VR) applications. Major trends expected in the forecast period encompass the integration of artificial intelligence (AI), the development of hybrid network models, a focus on network slicing for customization, the escalating use of private 5G in industrial automation, and the expansion of private 5G networks in rural areas.
The private 5G network market is anticipated to experience growth driven by the increasing adoption of the Internet of Things (IoT). IoT involves connecting physical objects equipped with sensors, software, and other technologies to exchange data with other devices and systems via the Internet. The growing demand for IoT stems from its ability to enhance efficiency and productivity, achieve cost savings, gain insights from data, enable automation and control, foster innovation, and provide a competitive edge. Private 5G networks harness IoT capabilities to support various applications, offering a secure, reliable, low-latency, high-speed network that facilitates advanced technologies to enhance serviceability and enable real-time deterministic use cases. For instance, according to Akamai Technologies Inc., a US-based internet company, IoT connections are projected to rise from 15.1 billion in 2021 to 23.3 billion by 2025, as reported in August 2022.
Key players in the private 5G network sector are concentrating on developing enhanced iterations of 5G, such as 5.5G, to cater to specific use case requirements. 5.5G, also referred to as 5G advanced, represents the next generation of 5G network technologies promising speeds ten times faster than current 5G networks. For example, Huawei Technologies Co. Ltd., a China-based provider of information and communications technology (ICT) infrastructure and smart devices, unveiled eight 5.5G innovation practices in March 2024 to assist operators in deploying such networks across all frequency bands. These practices encompass crucial technological aspects such as antenna advancements, mmWave bandwidth, network intelligence within the RAN, and energy efficiency, enabling networks to deliver downlink speeds of 10 Gbps, a significant improvement over existing 5G networks.
In June 2023, Hewlett-Packard Enterprise, a US-based provider of intelligent solutions and cloud-based services, acquired Athonet for an undisclosed sum. This acquisition aims to broaden Hewlett-Packard Enterprise's edge-to-cloud and telecommunications portfolios to meet the rising demand for private networking and enterprise 5G. It will enable the integration of Athonet's technology into Hewlett-Packard Enterprise's existing CSP and Aruba networking enterprise offerings, establishing a comprehensive private networking portfolio. Athonet, headquartered in Italy, specializes in developing a connectivity platform for deploying LTE and 5G wireless networks for organizations.
Major companies operating in the private 5g network market are Samsung Electronics Co. Ltd, Affirmed Networks, Verizon Communications Inc, AT&T Inc, Dell Inc., Huawei Technologies Co., Ltd., Vodafone Ltd., Cisco Systems, Inc., Qualcomm Technologies, Inc., Oracle, Fujitsu, Hewlett Packard Enterprise Development LP, Telefonaktiebolaget LM Ericsson, Deutsche Telekom AG, Nokia Corporation, NEC Corporation, BT Group plc, ZTE Corporation, SK Telecom Co. Ltd, VMware Inc., Commscope, Juniper Networks, Inc, T-Systems International GmbH, Ciena Corporation, Mavenir, Extreme Networks, Altiostar, Airspan Networks, Comba Telecom Systems Holdings Ltd., Celona Inc.
North America was the largest region in the private 5G network market in 2023. The regions covered in the private 5g network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the private 5g network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A private 5G network denotes a localized cellular network that operates independently from public mobile network operators. It harnesses the 5G (fifth generation) wireless technology to furnish high-speed, low-latency connectivity within specific locales, like corporate campuses, manufacturing plants, stadiums, or campuses. These private 5G networks afford organizations superior flexibility, control, and performance compared to traditional public cellular networks, enabling tailored connectivity solutions tailored to specific needs and use cases.
The primary components of a private 5G network encompass hardware, software, and services. Hardware encompasses physical elements such as devices, equipment, and infrastructure, spanning deployments on-premises and in the cloud. It encompasses various frequency bands like sub-6 GHz and mmWave, including licensed and unlicensed or shared spectrums, and finds utility across diverse sectors such as banking, financial services, and insurance (BFSI), manufacturing, energy and utilities, retail and e-commerce, healthcare, infrastructure, transportation, and logistics, aerospace and defense, media and entertainment, among others.
The private 5G network market research report is one of a series of new reports that provides private 5G network market statistics, including private 5G network industry global market size, regional shares, competitors with a private 5G network market share, detailed private 5G network market segments, market trends and opportunities, and any further data you may need to thrive in the private 5G network industry. This private 5G network market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The private 5G network market consists of revenues earned by entities by providing services such as network design, installation, maintenance, ultra-reliable low-latency communication, and network slicing and management. The market value includes the value of related goods sold by the service provider or included within the service offering. The private 5G network market also includes sales of 5G base stations, small cells, antennas, routers, and software solutions for network management, security, virtualization, and application deployment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Private 5G Network Market Characteristics3. Private 5G Network Market Trends and Strategies32. Global Private 5G Network Market Competitive Benchmarking33. Global Private 5G Network Market Competitive Dashboard34. Key Mergers and Acquisitions in the Private 5G Network Market
4. Private 5G Network Market - Macro Economic Scenario
5. Global Private 5G Network Market Size and Growth
6. Private 5G Network Market Segmentation
7. Private 5G Network Market Regional and Country Analysis
8. Asia-Pacific Private 5G Network Market
9. China Private 5G Network Market
10. India Private 5G Network Market
11. Japan Private 5G Network Market
12. Australia Private 5G Network Market
13. Indonesia Private 5G Network Market
14. South Korea Private 5G Network Market
15. Western Europe Private 5G Network Market
16. UK Private 5G Network Market
17. Germany Private 5G Network Market
18. France Private 5G Network Market
19. Italy Private 5G Network Market
20. Spain Private 5G Network Market
21. Eastern Europe Private 5G Network Market
22. Russia Private 5G Network Market
23. North America Private 5G Network Market
24. USA Private 5G Network Market
25. Canada Private 5G Network Market
26. South America Private 5G Network Market
27. Brazil Private 5G Network Market
28. Middle East Private 5G Network Market
29. Africa Private 5G Network Market
30. Private 5G Network Market Competitive Landscape and Company Profiles
31. Private 5G Network Market Other Major and Innovative Companies
35. Private 5G Network Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Private 5G Network Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on private 5G network market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for private 5G network? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The private 5G network market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Component: Hardware; Software; Services2) by Deployment Type: on-Premise; Cloud
3) by Frequency Band: Sub-6 GHz; mmWave
4) by Spectrum: Licensed; Unlicensed Or Shared
5) by Vertical: Banking, Financial Services and Insurance (BFSI); Manufacturing; Energy and Utilities; Retail and E-commerce; Healthcare; Infrastructure; Transportation and Logistics; Aerospace and Defense; Media and Entertainment; Other Verticals
Key Companies Mentioned: Samsung Electronics Co. Ltd; Affirmed Networks; Verizon Communications Inc; AT&T Inc; Dell Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Samsung Electronics Co. Ltd
- Affirmed Networks
- Verizon Communications Inc
- AT&T Inc
- Dell Inc.
- Huawei Technologies Co., Ltd.
- Vodafone Ltd.
- Cisco Systems, Inc.
- Qualcomm Technologies, Inc.
- Oracle
- Fujitsu
- Hewlett Packard Enterprise Development LP
- Telefonaktiebolaget LM Ericsson
- Deutsche Telekom AG
- Nokia Corporation
- NEC Corporation
- BT Group plc
- ZTE Corporation
- SK Telecom Co. Ltd
- VMware Inc.
- Commscope
- Juniper Networks, Inc
- T-Systems International GmbH
- Ciena Corporation
- Mavenir
- Extreme Networks
- Altiostar
- Airspan Networks
- Comba Telecom Systems Holdings Ltd.
- Celona Inc.
Methodology
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