Private 5G Network Market Analysis and Forecast by Size, Share, Growth, Trends 2030

Private 5G Network Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services), Frequency (Sub-6GHz and mmWave), End User (Manufacturing, Energy and Utilities, Automotive, Military and Defense, Government and Public Safety, and Others), and Geography

  • Report Code : TIPRE00030292
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 177

Private 5G Network Market Trends and Growth by 2030

Buy Now

The private 5G network market size is projected to reach US$ 27.87 billion by 2030 from US$ 1.92 billion in 2022. The market is expected to register a CAGR of 39.7% during 2022–2030. Increasing use of 5G small cells is likely to remain a key trends in the market.

Private 5G Network Market Analysis

Growing use and easy availability of private 5G networks and increasing demand for IoT are driving the market. The market is anticipated to grow during the forecast period, due to the rising digitalization across enterprises. Moreover, government initiatives to promote the 5G network sector and increasing deployment of time-sensitive networking in automotive industries are creating lucrative opportunities for the market.

Private 5G Network Market Overview

A private 5G network is a dedicated local area network (LAN) that expands internet connectivity for enterprise, industrial, and other users. Next-generation network services are expected to meet the demand for important wireless communication for public safety, industrial operations, and critical infrastructure connectivity as they develop. Furthermore, the global market is driven primarily by the growing demand for ultra-reliable, low-latency connections for Industrial Internet of Things (IoT) applications such as robots, collaborative industrial cameras, industrial cameras, and industrial sensors.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Private 5G Network Market: Strategic Insights

Private 5G Network Market
  • CAGR
    CAGR (2022 - 2030)
    39.7%
  • Market Size 2022
    US$ 1.92 Billion
  • Market Size 2030
    US$ 27.87 Billion

Market Dynamics

GROWTH DRIVERS
  • Government Initiatives to Promote the 5G Network Sector
FUTURE TRENDS
  • Growing Use and Easy Availability of Private 5G Network
OPPORTUNITIES
  • Increasing use of 5G small cells

Key Players

  • Cisco Systems Inc
  • Huawei Technologies Co Ltd
  • Nokia Corp
  • Telefonaktiebolaget LM Ericsson
  • T Systems International GmbH
  • Verizon Communications Inc
  • Vodafone Group Plc
  • AT T Inc
  • Qualcomm Inc
  • Amazon Web Services Inc

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentComponent
  • Hardware
  • Software
  • Services
Market SegmentFrequency
  • Sub-6GHz and mmWave
Market SegmentEnd User
  • Manufacturing
  • Energy and Utilities
  • Automotive
  • Military and Defense
  • Government and Public Safety
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Private 5G Network Market Drivers and Opportunities

Growing Use and Easy Availability of Private 5G Network to Favor the Market

Several companies are launching initiatives to encourage the use of private 5G networks. For example, in September 2023, Siemens announced the open availability of their private 5G infrastructure for industrial-grade networking in Germany, the original home of Industry 4.0. Furthermore, a business called IS-Wireless has been chosen to supply private 5G for Industry 4.0 in Germany. The Campus DynA consortium, which includes German industry giants such as Gestalt Robotics, T-Systems, OSRAM, Fraunhofer, and the Werner-von-Siemens Center for Industry and Science, has selected IS-Wireless as the provider of the 5G network based on the Open RAN concept.

Government Initiatives to Promote the 5G Network Sector

The Canadian government is promoting the private 5G network sector. For example, in May 2023, the Canadian federal government issued a new set of spectrum licensing criteria through Innovation, Science, and Economic Development Canada (ISED), thereby allowing private 5G networks in Canada. Furthermore, the private 5G network is primarily utilized in the mining industry. For example, in September 2023, the Detour Lake gold mine in northeastern Ontario is expected to benefit from new technology, such as remote drilling and driverless vehicles, thanks to a 5G private network developed the previous year in conjunction with Rogers. Thus, supportive government measures and increasing uptake of private 5G networks are driving the industry

Private 5G Network Market Report Segmentation Analysis

Key segments that contributed to the derivation of the private 5G network market analysis are component, frequency, and end user.

  • Based on component, the private 5G network market is divided into hardware, software, and services. The hardware segment held a larger market share in 2022.
  • On the basis of frequency, the market is bifurcated into Sub-6GHz and mmWave. The Sub-6GHz segment held a larger market share in 2022.
  • In terms of end user, the market is divided into manufacturing, energy and utilities, automotive, military and defense, government and public safety, and others. The manufacturing segment held a larger market share in 2022.

Private 5G Network Market Share Analysis by Geography

The geographic scope of the private 5G network market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The market in Europe is projected to expand during the forecast period. The UK is one of the world's fastest growing economies. It is experiencing significant growth in the private 5G network sector. For example, in June 2023, Vodafone launched the first 5G SA network for consumers in the UK. At launch, the 5G SA was available in major UK cities such as London, Manchester, Glasgow, and Cardiff. Commercially known as Vodafone 5G Ultra, the operator promises better connectivity in busy areas, faster speeds, and longer battery life. Vodafone and ITN deployed 5G slicing during live coverage of Charles III's coronation. Furthermore, in November 2021, Basingstoke and Deane Borough Council awarded Cellnex UK a contract to develop and install a 5G private network in Basing View, Basingstoke's central business district, consisting of a 5G core. Basingstoke's central business district comprises a 5G core network and a Radio Access Network. As several companies are investing in the private 5G network, the market is growing in the UK.

Private 5G Network Market Report Scope

Report Attribute Details
Market size in 2022 US$ 1.92 Billion
Market Size by 2030 US$ 27.87 Billion
Global CAGR (2022 - 2030) 39.7%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Component
  • Hardware
  • Software
  • Services
By Frequency
  • Sub-6GHz and mmWave
By End User
  • Manufacturing
  • Energy and Utilities
  • Automotive
  • Military and Defense
  • Government and Public Safety
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Cisco Systems Inc
  • Huawei Technologies Co Ltd
  • Nokia Corp
  • Telefonaktiebolaget LM Ericsson
  • T Systems International GmbH
  • Verizon Communications Inc
  • Vodafone Group Plc
  • AT T Inc
  • Qualcomm Inc
  • Amazon Web Services Inc
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Private 5G Network Market News and Recent Developments

The private 5G network market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the private 5G network market are listed below:

  • Nokia announced the launch of the Nokia DAC PW Compact, a new configuration optimized to meet the private wireless connectivity needs of small, mid-sized industrial sites. As more industries move toward digital transformation to improve their business processes, a compact version of Nokia's market-leading private wireless solution delivers rigorous security and reliable connectivity that ensures even the smallest enterprise sites can benefit from the transition. (Source: Nokia Corp, Company Website, October 2023)
  • AT&T Mexico Adds New Allies to Their 5G Innovation Lab to Develop Uses Cases for Private Networks. In Alliance with Qualcomm, Celona, Axity, and Veea, the company has started technological testing private networks within the 5G Innovation Lab that AT&T has located in Mexico City. (Source: AT&T Inc, Company Website, April 2023)

Private 5G Network Market Report Coverage and Deliverables

The “Private 5G Network Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

  • Private 5G network market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Private 5G network market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Private 5G network market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the private 5G network market
  • Detailed company profiles
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Component, Frequency, and End User

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the expected CAGR of the private 5G network market?

The global private 5G network market is estimated to register a CAGR of 39.7% during the forecast period 2022–2030.

What would be the estimated value of the private 5G network market by 2030?

The global private 5G network market is expected to reach US$ 27.87 billion by 2030.

Which region dominated the private 5G network market in 2022?

Europe dominated the private 5G network market in 2022.

What are the driving factors impacting the private 5G network market?

Growing use and easy availability of private 5G networks and increasing demand for IoT are the major factors that propel the global private 5G network market.

What are the future trends of the private 5G network market?

Increasing use of 5G small cells to play a significant role in the global private 5G network market in the coming years.

Which are the leading players operating in the private 5G network market?

The key players holding majority shares in the global private 5G network market are Cisco Systems Inc, Huawei Technologies Co Ltd, Nokia Corp, Telefonaktiebolaget LM Ericsson, T-Systems International GmbH, Verizon Communications Inc, Vodafone Group Plc, AT&T Inc, Qualcomm Inc, and Amazon Web Services Inc.

The List of Companies - Private 5G Network Market

  1. AT&T Inc.
  2. Cisco Systems, Inc.
  3. Huawei Technologies Co., Ltd.
  4. Nokia
  5. Telefonaktiebolaget LM Ericsson
  6. T-Systems International GmbH
  7. Amazon.com, Inc.
  8. Qualcomm Technologies, Inc.
  9. Verizon
  10. Vodafone Limited

Trends and growth analysis reports related to Technology, Media and Telecommunications : READ MORE..