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.
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.
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.
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.
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
Key segments that contributed to the derivation of the private 5G network market analysis are component, frequency, and end user.
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.
The regional trends and factors influencing the Private 5G Network Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Private 5G Network Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| 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
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Private 5G Network Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Private 5G Network Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
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:
The “Private 5G Network Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The List of Companies - 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.
The global private 5G network market is expected to reach US$ 27.87 billion by 2030.
Europe dominated the private 5G network market in 2022.
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.
Increasing use of 5G small cells to play a significant role in the global private 5G network market in the coming years.
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.