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

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.

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Private 5G Network Market: Strategic Insights

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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 Regional Insights

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.

Private 5G Network Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. Cisco Systems Inc
2. Huawei Technologies Co Ltd
3. Nokia Corp
4. Telefonaktiebolaget LM Ericsson
5. T-Systems International GmbH
6. Verizon Communications Inc

Disclaimer: The companies listed above are not ranked in any particular order.

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