The Global Standalone 5G Network Market size is expected to reach $50.4 billion by 2031, rising at a market growth of 55.2% CAGR during the forecast period.
Applications like autonomous vehicles, vehicle-to-everything (V2X) communication, and smart traffic management systems depend on the ultra-reliable, low-latency connectivity provided by standalone 5G. The growth of electric and connected vehicles, along with the integration of IoT sensors and telematics in transportation, further drives demand in this segment. These advancements are positioning standalone 5G as a cornerstone for the future of intelligent transportation systems. Thus, the automotive & transportation segment garnered 15% revenue share in the standalone 5G network market in 2023. The segment's expansion is primarily attributable to its function in the facilitation of next-generation mobility solutions.
The major strategies followed by the market participants are Partnership as the key developmental strategy to keep pace with the changing demands of end users. For instance, In October, 2024, Nokia Corporation partnered with NTT DATA, a Japanese multinational information technology service and consulting company to deliver advanced Private 5G solutions for industries like airports and smart cities. Combining Nokia’s 5G technology with NTT DATA’s Private 5G Network-as-a-Service platform, the collaboration enhances connectivity, enabling AI, IoT, and edge computing for improved efficiency, safety, and sustainability. Additionally, In 2024, August, AT&T Inc. partnered with Oracle, a technology company, to leverage the operator’s 5G network and programmable APIs for delivering cloud applications across industries like telehealth and utility management. Their collaboration enables IoT connectivity and near real-time communications, enhancing performance and reliability while simplifying integration for businesses, particularly in public safety.
Additionally, the rapid growth of the Internet of Things (IoT) ecosystem has led to an unprecedented demand for robust and efficient network infrastructures. The integration of IoT devices into daily life and business operations is becoming more and more prevalent, ranging from industrial sensors to smart home appliances. Thus, as IoT adoption accelerates, a dedicated and scalable network infrastructure like standalone 5G networks becomes even more critical.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.
The standalone 5G network market is highly competitive, driven by the push for faster, low-latency connectivity and support for advanced applications like IoT and autonomous systems. Key attributes include enhanced scalability, network slicing capabilities, and improved energy efficiency. Providers focus on innovation in infrastructure, spectrum efficiency, and seamless integration with emerging technologies. The market also sees collaboration among telecom operators, technology firms, and governments to accelerate deployments, with competition centered on performance, reliability, and cost-effectiveness to meet evolving consumer and enterprise demands.
Applications like autonomous vehicles, vehicle-to-everything (V2X) communication, and smart traffic management systems depend on the ultra-reliable, low-latency connectivity provided by standalone 5G. The growth of electric and connected vehicles, along with the integration of IoT sensors and telematics in transportation, further drives demand in this segment. These advancements are positioning standalone 5G as a cornerstone for the future of intelligent transportation systems. Thus, the automotive & transportation segment garnered 15% revenue share in the standalone 5G network market in 2023. The segment's expansion is primarily attributable to its function in the facilitation of next-generation mobility solutions.
The major strategies followed by the market participants are Partnership as the key developmental strategy to keep pace with the changing demands of end users. For instance, In October, 2024, Nokia Corporation partnered with NTT DATA, a Japanese multinational information technology service and consulting company to deliver advanced Private 5G solutions for industries like airports and smart cities. Combining Nokia’s 5G technology with NTT DATA’s Private 5G Network-as-a-Service platform, the collaboration enhances connectivity, enabling AI, IoT, and edge computing for improved efficiency, safety, and sustainability. Additionally, In 2024, August, AT&T Inc. partnered with Oracle, a technology company, to leverage the operator’s 5G network and programmable APIs for delivering cloud applications across industries like telehealth and utility management. Their collaboration enables IoT connectivity and near real-time communications, enhancing performance and reliability while simplifying integration for businesses, particularly in public safety.
Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the Cardinal matrix; AT&T Inc., Cisco Systems, Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., and Verizon Communications, Inc. are the forerunners in the Standalone 5G Network Market. Companies such as Hewlett Packard Enterprise Company, ZTE Corporation, and Nokia Corporation are some of the key innovators in Standalone 5G Network Market. In May, 2024, Verizon Communications, Inc. unveiled the first phase of certifying Nokia Digital Automation Cloud (DAC) for its private network offerings. This addition will enhance Verizon Business' Private 5G Network options, improve indoor coverage, and provide secure, agile on-premises wireless solutions for businesses, keeping data traffic separate from public networks.
Market Growth Factors
The rapid proliferation of data-intensive applications and services has resulted in an unprecedented surge in the demand for high-speed connectivity. Standalone 5G networks are uniquely positioned to address this need, offering unmatched speeds and ultra-low latency. Unlike non-standalone 5G, which relies on existing 4G infrastructure, standalone 5G networks are built on a fully 5G core architecture.Additionally, the rapid growth of the Internet of Things (IoT) ecosystem has led to an unprecedented demand for robust and efficient network infrastructures. The integration of IoT devices into daily life and business operations is becoming more and more prevalent, ranging from industrial sensors to smart home appliances. Thus, as IoT adoption accelerates, a dedicated and scalable network infrastructure like standalone 5G networks becomes even more critical.
Market Restraining Factors
One of the most significant hurdles to the widespread adoption of standalone 5G networks is the high cost associated with their deployment. Establishing a fully operational standalone 5G network demands substantial investments in various critical components. In contrast to 5G non-standalone (NSA) networks, which rely on the existing 4G LTE infrastructure, standalone 5G requires the installation of wholly new hardware, including advanced antennas, base stations, and network equipment that can support 5G's distinctive architecture. Hence, as a result, high deployment costs remain a critical factor hampering the growth and adoption of standalone 5G networks worldwide.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.
Driving and Restraining Factors
Drivers
- Increased Demand for High-Speed Connectivity
- Growing Deployment of IoT and Smart Devices
- Expansion of Industrial Automation and Smart Factories
Restraints
- Substantially High Deployment Costs
- Issue of Integration of SA 5G Networks with Existing Infrastructure
Opportunities
- Rising Government Support and Investments
- Emergence of Private 5G Networks
Challenges
- Spectrum Allocation Challenges
- Significant Cybersecurity Challenges
Spectrum Outlook
Based on spectrum, the market is bifurcated into sub-6 GHz and mmWave. The mmWave segment procured 36% revenue share in the market in 2023. The mmWave segment is gaining traction in the market due to its ability to deliver ultra-high-speed data rates and low latency, making it ideal for bandwidth-intensive applications.Network Outlook
On the basis of network, the market is classified into public and private. The public segment acquired 70% revenue share in the market in 2023. Telecom operators are heavily investing in public networks to deliver high-speed internet and seamless mobile connectivity, driving widespread adoption among end-users.
Component Outlook
By component, the market is divided into solutions and services. The services segment garnered 23% revenue share in the market in 2023. Telecom operators and enterprises leverage professional services to ensure seamless deployment and optimization of their 5G infrastructure, particularly for mission-critical applications.Solution Type Outlook
Based on solutions type, the market is segmented into 5G radio access network (RAN), 5G core network, and others. The 5G radio access network (RAN) segment procured 45% revenue share in the market in 2023. RAN forms the interface between user devices and the 5G core, making it a vital component of standalone 5G infrastructure. Increasing investments in advanced technologies like Massive MIMO (Multiple Input, Multiple Output) and beamforming have enhanced the performance and efficiency of RAN systems, further boosting their adoption.Vertical Outlook
On the basis of vertical, the market is divided into manufacturing, enterprise/corporate, automotive & transportation, energy & utilities, healthcare/hospitals, smart cities, and others. The manufacturing segment recorded 25% revenue share in the market in 2023. Standalone 5G enables real-time communication, automation, and predictive maintenance in smart factories, enhancing efficiency and productivity.Market Competition and Attributes
The standalone 5G network market is highly competitive, driven by the push for faster, low-latency connectivity and support for advanced applications like IoT and autonomous systems. Key attributes include enhanced scalability, network slicing capabilities, and improved energy efficiency. Providers focus on innovation in infrastructure, spectrum efficiency, and seamless integration with emerging technologies. The market also sees collaboration among telecom operators, technology firms, and governments to accelerate deployments, with competition centered on performance, reliability, and cost-effectiveness to meet evolving consumer and enterprise demands.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment acquired 25% revenue share in the market in 2023. The demand for high-speed connectivity to support digital transformation across healthcare, automotive, and enterprise industries is a key growth driver.Recent Strategies Deployed in the Market
- Oct-2024: Nokia Corporation partnered with NTT DATA, a Japanese multinational information technology service and consulting company to deliver advanced Private 5G solutions for industries like airports and smart cities. Combining Nokia’s 5G technology with NTT DATA’s Private 5G Network-as-a-Service platform, the collaboration enhances connectivity, enabling AI, IoT, and edge computing for improved efficiency, safety, and sustainability.
- Aug-2024: AT&T Inc. partnered with Oracle, a technology company, to leverage the operator’s 5G network and programmable APIs for delivering cloud applications across industries like telehealth and utility management. Their collaboration enables IoT connectivity and near real-time communications, enhancing performance and reliability while simplifying integration for businesses, particularly in public safety.
- Jul-2024: Nokia Corporation signed an agreement with Telefónica, a Spanish multinational telecommunications company to develop Spain’s private 5G network market, focusing on industries like ports, manufacturing, and logistics. Nokia will deploy 100 advanced solutions, including DAC, MPW, and MXIE, to enhance productivity, safety, and sustainability, integrating with Telefónica’s infrastructure for digital transformation.
- Jun-2024: Vodafone Group Plc unveiled a Raspberry Pi-based private 5G base station aimed at developers to drive private 5G innovation, targeting developers to drive innovation in the field.
- Jun-2024: Hewlett Packard Enterprise unveiled HPE Aruba Networking Enterprise Private 5G, designed to simplify private 5G network deployment in large environments. This solution enhances connectivity in sectors like manufacturing, healthcare, and education, complementing Wi-Fi with high-capacity coverage and enabling AI data capture and innovation.
- May-2024: Verizon Communications, Inc. unveiled the first phase of certifying Nokia Digital Automation Cloud (DAC) for its private network offerings. This addition will enhance Verizon Business' Private 5G Network options, improve indoor coverage, and provide secure, agile on-premises wireless solutions for businesses, keeping data traffic separate from public networks.
- Mar-2024: Nokia Corporation announced the partnership with Batelco, a Bahrain Telecommunication Company to deliver 5G private wireless networks across Bahrain. Batelco will use Nokia’s advanced private wireless solutions, including edge computing and industrial devices, to support various industries, boosting operational KPIs, unlocking new revenue streams, and enhancing health and safety standards.
List of Key Companies Profiled
- AT&T Inc.
- Verizon Communications, Inc.
- Ericsson AB
- Cisco Systems, Inc.
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- ZTE Corporation
- Samsung Electronics Co., Ltd. (Samsung Health)
- Hewlett Packard Enterprise Company
- Vodafone Group Plc
Market Report Segmentation
By Spectrum
- Sub-6 GHz
- mmWave
By Network
- Public
- Private
By Component
- Solutions
- 5G Radio Access Network (RAN)
- 5G Core Network
- Other Solutions Type
- Services
By Vertical
- Manufacturing
- Enterprise/Corporate
- Automotive & Transportation
- Energy & Utilities
- Healthcare/Hospitals
- Smart Cities
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Standalone 5G Network Market by Spectrum
Chapter 6. Global Standalone 5G Network Market by Network
Chapter 7. Global Standalone 5G Network Market by Component
Chapter 8. Global Standalone 5G Network Market by Vertical
Chapter 9. Global Standalone 5G Network Market by Region
Chapter 10. Company Profiles
Companies Mentioned
- AT&T Inc.
- Verizon Communications, Inc.
- Ericsson AB
- Cisco Systems, Inc.
- Nokia Corporation
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- ZTE Corporation
- Samsung Electronics Co., Ltd. (Samsung Health)
- Hewlett Packard Enterprise Company
- Vodafone Group Plc
Methodology
LOADING...
