Private 5G Network Market

Private 5G Network Market By Components (Hardware [Radio Access, Core, and Backhaul & Transport], Software, and Services [Installation & Integration, Data Services, and Support & Maintenance]), Frequency (Sub6ghz and mmWave), Spectrum (Licensed and Unlicensed/Shared),Verticals (Manufacturing [Food & Beverages, Automotive, Pharmaceuticals, Electrical & Electronics, Heavy Machinery, Clothing & Accessories, and Others], Energy & Utilities, Transportation & Logistics, Defense, Enterprises & Campus, Mining, Healthcare/Hospitals, Oil & Gas, Retail, Agriculture, Smart Cities, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2021 – 2028

  • Report ID: ICT-SE-3454
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 186
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The global private 5G network market size was valued USD 1,224.3 million in 2020 and is estimated to reach USD 14,284.96 million by 2028, expanding at a CAGR of 39.6% during the forecast period, 2021–2028. The growth of the market is attributed to rising penetration of high-speed Internet.

A private 5G network market is related to local area network (LAN) that delivers Internet connectivity to industrial, enterprise, and other customers. The next-generation network services are expected to address the requirement for critical wireless communication for industrial operations, public safety, and critical infrastructure.


Private 5G Network Market Key Takeaways

The private 5G network plays an integral role in delivering ideal and assured Internet connections to the Industrial Internet of Things (IIoT) devices. The values for time-sensitive networking and real-time-based networking is rapidly growing for several mission-critical applications across many industries, including manufacturing, oil & gas, aerospace, and transportation.

The Covid-19 pandemic delayed the deployment of improved private 5G infrastructure owing to the slow down in issuing further trials and testing requirement for confirming the stability and processing performance of 5G disconnected networks. The continuous pandemic has had an extra impact on telecom regulatory control across the globe, postponing their plans of the 5G spectrum trade, thereby negatively influencing the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing requirement for ultra-reliable low-latency connection for (IIoT) applications, including collaborative robots, industrial cameras, and industrial sensors is anticipated to drive the market growth.
  • Rising requirement for private 5G networks from many business and government organizations for mission-critical applications is expected to fuel the market growth.
  • High cost of infrastructure and huge capital investment can restrain the growth of the market.
  • Rising act on Wi-Fi communication technology by project and bond secure in 5G core network can spur the growth of the market.

Scope of the Report

The report on the global private 5G network market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report title

Private 5G Network Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base year

2020

Historic data

2018–2019

Forecast period

2021–2028

Segmentation

Components (Hardware [Radio Access, Core, and Backhaul & Transport], Software, and Services [Installation & Integration, Data Services, and Support & Maintenance]), Frequency (Sub6ghz and mmWave), Spectrum (Licensed and Unlicensed/Shared),Verticals (Manufacturing [Food & Beverages, Automotive, Pharmaceuticals, Electrical & Electronics, Heavy Machinery, Clothing & Accessories, and Others], Energy & Utilities, Transportation & Logistics, Defense, Enterprises & Campus, Mining, Healthcare/Hospitals, Oil & Gas, Retail, Agriculture, Smart Cities, and Others)

Regional scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report coverage

Company share, market analysis and size, competitive landscape, growth factors, and trends, and revenue forecast

Key players covered in the report

Telefonaktiebolaget Lm Ericsson; Nokia Corp; Huawei Technologies Co., Ltd; Samsung; Zte Corp.; Deutsche Telekom; Juniper Networks; At&T Inc.; Verizon Communications; Altiostar; Mavenir; Bt Group; T-Systems International GmbH; Cisco Systems, Inc.; and Vodafone Ltd.

Global Private 5G Network Market Segment Insights

Services segment is expected to grow at a rapid pace

Based on components, the market is divided into hardware, software, and services. The hardware segment is further segmented into radio access, core, and backhaul & transport. The services segment is divided into installation & integration, data services, and support & maintenance. The hardware segment is expected to grow at a rapid pace during the forecast period due to increasing value for better connectivity to connect millions of the sensors at industrial postulate. However, the services segment is anticipated to hold a key share of the market in the coming years owing to rising focus on increasing the installation of hardware and provide integrated services.

Mmwave segment is projected to expand at a considerable CAGR

On the basis of frequency, the market is segregated into sub6ghz and mmWave. The mmWave segment is projected to expand at a considerable CAGR during the forecast period. Rising focus on the release of Mmwave in key association with governments is anticipated to augment the segment growth.


Private 5G Network Market By Frequency

Licensed segment is expected to grow at a rapid pace

Based on spectrum, the global private 5G network market is divided into licensed and unlicensed/shared. The licensed segment is expected to grow at a rapid pace during the forecast period. Various industry players are licensing their spectrum to expand their share in various regions.

Manufacturing segment is projected to expand at a considerable CAGR

On the basis of verticals, the market is segregated into manufacturing, energy & utilities, transportation & logistics, defense, enterprises & campus, mining, healthcare/hospitals, oil & gas, retail, agriculture, smart cities, and others. The manufacturing segment is further segregated into food & beverages, automotive, pharmaceuticals, electrical & electronics, heavy machinery, clothing & accessories, and others. The manufacturing segment is projected to expand at a considerable CAGR during the forecast period On the other hand, the energy & utilities segment is anticipated to account for a major market share during the forecast period owing to increasing use of secured private network to get high speed network for energy distribution applications.

North America is anticipated to constitute a key market share

In terms of regions, the Global Private 5G Network Market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to presence of several companies along with significant investments in building automated factories in the region. Moreover, increasing requirement for ultra-reliable bandwidth low latency connectivity across verticals, including public safety, oil & gas, and aerospace & defense, in the region.


Private 5G Network Market By Regions

Segments

Segments Covered in the Report
The Global Private 5G Network Market has been segmented on the basis of

Component
  • Hardware
    • Radio Access
    • Core
    • Backhaul & Transport
  • Software
  • Services
    • Installation & Integration
    • Data Services
    • Support & Maintenance
Frequency
  • Sub-6 GHz
  • mmWave
Spectrum
  • Licensed
  • Unlicensed/Shared
Vertical
  • Manufacturing
    • Food & Beverages
    • Automotive
    • Pharmaceuticals
    • Electrical & Electronics
    • Heavy Machinery
    • Clothing & Accessories
    • Others
  • Energy & Utilities
  • Transportation & Logistics
  • Defense
  • Enterprises & Campus
  • Mining
  • Healthcare/Hospitals
  • Oil & Gas
  • Retail
  • Agriculture
  • Smart Cities
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Telefonaktiebolaget LM Ericsson
  • Nokia Corp.
  • Huawei Technologies Co., Ltd.
  • Samsung
  • ZTE Corp.
  • Deutsche Telekom
  • Juniper Networks
  • AT&T Inc.
  • Verizon Communications
  • Altiostar
  • Mavenir
  • BT Group
  • T-Systems International GmbH
  • Cisco Systems, Inc.
  • Vodafone Ltd.

Competitive Landscape

Key players competing in the Global Private 5G Network Market are Telefonaktiebolaget Lm Ericsson; Nokia Corp; Huawei Technologies Co., Ltd; Samsung; Zte Corp.; Deutsche Telekom; Juniper Networks; At&T Inc.; Verizon Communications; Altiostar; Mavenir; Bt Group; T-Systems International GmbH; Cisco Systems, Inc.; and Vodafone Ltd.

Private 5G Network Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Private 5G Network Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Private 5G Network Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Private 5G Network Market - Supply Chain
  4.5. Global Private 5G Network Market Forecast
     4.5.1. Private 5G Network Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Private 5G Network Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Private 5G Network Market Absolute $ Opportunity
5. Global Private 5G Network Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Private 5G Network Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Private 5G Network Demand Share Forecast, 2019-2026
6. North America Private 5G Network Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Private 5G Network Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Private 5G Network Demand Share Forecast, 2019-2026
7. Latin America Private 5G Network Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Private 5G Network Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Private 5G Network Demand Share Forecast, 2019-2026
8. Europe Private 5G Network Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Private 5G Network Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Private 5G Network Demand Share Forecast, 2019-2026
9. Asia Pacific Private 5G Network Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Private 5G Network Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Private 5G Network Demand Share Forecast, 2019-2026
10. Middle East & Africa Private 5G Network Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Private 5G Network Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Private 5G Network Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Private 5G Network Market: Market Share Analysis
  11.2. Private 5G Network Distributors and Customers
  11.3. Private 5G Network Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Telefonaktiebolaget LM Ericsson Nokia Corp. Huawei Technologies Co., Ltd. Samsung ZTE Corp. Deutsche Telekom  
Segments Covered in the Report
The Global Private 5G Network Market has been segmented on the basis of

Component
  • Hardware
    • Radio Access
    • Core
    • Backhaul & Transport
  • Software
  • Services
    • Installation & Integration
    • Data Services
    • Support & Maintenance
Frequency
  • Sub-6 GHz
  • mmWave
Spectrum
  • Licensed
  • Unlicensed/Shared
Vertical
  • Manufacturing
    • Food & Beverages
    • Automotive
    • Pharmaceuticals
    • Electrical & Electronics
    • Heavy Machinery
    • Clothing & Accessories
    • Others
  • Energy & Utilities
  • Transportation & Logistics
  • Defense
  • Enterprises & Campus
  • Mining
  • Healthcare/Hospitals
  • Oil & Gas
  • Retail
  • Agriculture
  • Smart Cities
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Telefonaktiebolaget LM Ericsson
  • Nokia Corp.
  • Huawei Technologies Co., Ltd.
  • Samsung
  • ZTE Corp.
  • Deutsche Telekom
  • Juniper Networks
  • AT&T Inc.
  • Verizon Communications
  • Altiostar
  • Mavenir
  • BT Group
  • T-Systems International GmbH
  • Cisco Systems, Inc.
  • Vodafone Ltd.

Key players competing in the Global Private 5G Network Market are Telefonaktiebolaget Lm Ericsson; Nokia Corp; Huawei Technologies Co., Ltd; Samsung; Zte Corp.; Deutsche Telekom; Juniper Networks; At&T Inc.; Verizon Communications; Altiostar; Mavenir; Bt Group; T-Systems International GmbH; Cisco Systems, Inc.; and Vodafone Ltd.

Private 5G Network Market By Key Players

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