Private 5G Network Market

Global Private 5G Network Market is valued at USD 1,380.0 Million in 2021 and is expected to reach USD 19,304.0 Million by 2028 with a CAGR of 45.8% over the forecast period.

Global Private 5G Network Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: Increasing need for ultra-reliable low-latency connectivity for Industrial Internet of Things (IIoT) applications, including industrial cameras, collaborative robots, and industrial sensors, and growing investment from a wide range of industries, including manufacturing, oil, and gas to deploy private 5G telecom services are some of the major factors driving the growth of the Global Private 5G Network Market.

Scope of Global Private 5G Network Market

A private 5G network is a Local Area Network (LAN) that employs 5G technology to create a dedicated network with universal connectivity and services within a defined geographic area. A private 5G network offers all the benefits of 5G technology, including low latency, faster transmission speeds, a greater number of connected devices, and the implementation of AR and VR applications, among other things. It is used in a variety of industries, including manufacturing, healthcare, automobiles, government, mining, and aerospace.

After 4G, 5G is essentially a new global wireless standard that is designed to virtually connect all devices, machines, and objects at high speed, ultra-low latency, increased network capacity, and increased connectivity and affordability. Furthermore, it will be more energy-efficient, allowing the user to have interactive experiences across multiple industries.

The Covid-19 pandemic is expected to delay the implementation of enhanced private 5G infrastructure Because of the disruptions in further trials and testing required to verify the stability and processing performance of 5G standalone networks. The ongoing pandemic has had an additional impact on telecom regulatory authorities around the world, causing them to postpone their plans for the 5G spectrum auction, negatively impacting the market growth. For example, the governments of several key countries, including the United States, France, Spain, and Australia, have temporarily postponed 5G spectrum auctions on several frequencies, including Sub-6 GHz and mmWave. Furthermore, as a result of the pandemic, countries such as China and the United States have seen a decrease in telecom equipment exports for 5G radios and end-user devices.

The global Private 5G Network market is segmented based on the component, frequency, spectrum, vertical, and region & country level. Based on component, the global Private 5G Network market is segmented into hardware, Software, and services. By Frequency, the market is segmented into sub-6 GHz and mmWave. By Spectrum, the global Private 5G Network market is segmented into licensed and unlicensed/Shared. By vertical, the global Private 5G Network market is segmented into manufacturing/factories, energy & utilities, transportation & logistics, defence, enterprises & campus, mining, healthcare/hospitals, oil & gas, retail, agriculture, and smart cities.

The regions covered in the global Private 5G Network market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Private 5G Network is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Key Players of Global Private 5G Network Market

Some major key players for the global Private 5G Network market report cover prominent players like

• Telefonaktiebolaget LM Ericsson
• Nokia Corp
• Samsung
• ZTE Corp
• Deutsche Telekom
• Juniper Networks
• AT&T Inc
• Verizon Communications
• Altiostar
• Huawei Technologies Co
• Mavenir
• BT Group
• T-Systems International GmbH
• Cisco Systems
• Vodafone Ltd
• others.

Global Private 5G Network Segmentation

By Component

• Hardware
• Radio Access Network
• Core Network
• Backhaul & Transport
• Software
• Services
• Installation & Integration
• Data Services
• Support & Maintenance

By Frequency

• Sub-6 GHz
• mmWave

By Spectrum

• Licensed
• Unlicensed/Shared

By Vertical

• Manufacturing/Factories
• 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

News-

Mavenir Announced a Strategic Partnership with Turkcell to deploy 5G Network

In February 2020, Mavenir announced a strategic partnership with Turkcell, Turkey's largest digital provider. The Turkcell Group alliance will test and deploy OpenRAN vRAN in Turkey's domestic market initially. Mavenir's vRAN architecture and platform will support both NSA and SA 5G NR deployments, as well as 4G. The Virtual RAN solution will be hosted on Turkcell Telco Cloud and will be available on Turkcell Edge Cloud.

NEC Corporation Announced the Development of Millimeter-Wave Distributed Antennas (MIMO) for Efficient 5G Millimeter-Wave Spectrum

In January 2020, NEC Corporation announced the development of millimeter-wave distributed antennas (MIMO) for efficient 5G millimeter-wave spectrum usage. (Band 28GHz) This newly developed product addresses the challenges of shielding and diffraction of propagation routes for indoor mobile communications using millimeter-wave communication. This technology makes use of the company's proprietary massive MIMO technology, which combines a large number of separate antennas to allow for high-speed, high-capacity communications with consistent communication quality.

Increasing need for ultra-reliable low-latency connectivity for Industrial Internet of Things (IIoT) applications, and growing investment from a wide range of industries to deploy private 5G telecom services are some of the major factors driving the growth of the Global Private 5G Network Market.

One of the major factors driving the growth of the Private 5G Network market is the increasing adoption of IIoT devices. Various key industrial incumbents, such as ABB Ltd., Siemens AG, and Mercedes-Benz AG, have significantly deployed sensor-based technologies and industrial robotics to achieve superior operational efficiency and productivity with the evolution of industry 4.0. The private 5G network is critical for providing continuous and secure internet connectivity to the aforementioned IIoT devices. Furthermore, the demand for Time-Sensitive Networking (TSN) and real-time-based networking is rapidly increasing across many industries, including manufacturing, oil and gas, aerospace, and transportation. Thus, the demand for a private 5G network is expected to grow significantly over the forecast period in order to provide high-speed bandwidth connectivity during TSN and real-time networking across industries.

A private 5G network provides complete end-to-end security across organizations, protecting their data and infrastructure from threats. Furthermore, it is expected to emerge as a critical component in situations where information confidentiality is critical. As a result, it is expected to be in high demand in government and public safety, as well as enterprise data storage applications, from 2022 to 2028. Furthermore, the rapid digitalization of oil and gas industry processes has increased the demand for extremely reliable and secure bandwidth capacity. As a result, it is expected to increase demand for high-bandwidth private networks, particularly in the Organization of Petroleum Exporting Countries (OPEC).

However, the Adoption of Wi-Fi Communication Technology may hinder the growth of the market. Many businesses rely on Wi-Fi equipment to run their operations on a daily basis. Because of the extensive Wi-Fi coverage, employees can stay connected from anywhere in the workplace or building. When wireless products and smart devices are installed in businesses, operating costs are reduced and a good return on investment is achieved. The various benefits of Wi-Fi technology, as well as its widespread acceptance among businesses, are significant barriers to the market's expected growth.

North America is Expected to Capture a Major Share in the Global Private 5G Network Market

North America held the largest revenue share of more than 25% in 2021 due to the presence of various private 5G solution providers, such as Qualcomm Technologies, Inc., Furthermore, key service providers such as AT&T Inc. and Verizon Communications are expected to significantly increase their investments in deploying private 5G network infrastructure, aiding North America in gaining a large market share. Furthermore, leading automakers such as Ford Motor Company and General Motors Company are expected to deploy a large number of industrial sensors, creating significant growth opportunities in the region. The growing demand for Ultra-reliable Bandwidth Low Latency Connectivity (URLLC) across various verticals in the region, including public safety, oil and gas, and aerospace and defense, is expected to drive regional market growth.

Asia Pacific is expected to be the fastest-growing regional market during the forecast period. The presence of several manufacturers, as well as their significant investments in building automated factories in the region, are attributed to the region's growth. Furthermore, significant investments in 5G spectrum acquisition in key countries such as China, Japan, South Korea, and Australia are expected to contribute to regional market growth. Leading industrial players such as Siemens AG, ABB Ltd., and Mercedes Benz are expected to accelerate the adoption of private 5G services in key European countries such as Germany and the United Kingdom.

By Regional & Country Level

North America

• U.S
• Canada

Europe

• U.K
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 1,380.0 Million
Base year considered	2021
Forecast Period CAGR %:	45.8%
Market Size Expected in 2028:	USD 19,304.0 Million
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Telefonaktiebolaget LM Ericsson, Nokia Corp., Samsung, ZTE Corp., Deutsche Telekom, Juniper Networks, AT&T Inc., Verizon Communications, Altiostar, Huawei Technologies Co., Ltd., Mavenir, BT Group, T-Systems International GmbH, Cisco Systems, Inc., Vodafone Ltd., and others.
Segments Covered	By Component, By Frequency, By Spectrum, By Vertical, By End-User.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa