The Global Private 5G Networks market is projected to rise at a significant rate during the forecast period, between 2023 and 2030. In 2022, the market is increasing at a steady rate and with the growing adoption of strategies by key players, the market is expected to rise over the projected horizon.
A private 5G network is a cellular network that comprises core network servers and cell sites to support connectivity and maximize WAN connection to mobile end points. In addition, it provides features, such as network slicing, low latency, high bandwidth, and more. Moreover, a private 5G network provides industries with high-performing networks and helps in operations of several technologies, such as automated guided vehicles (AGVs), drones, sensor technology, heavy machinery automation, robotics, and others.
The global Private 5G Networks market is projected to reach USD 22180 million by 2030 from an estimated USD 636 million in 2023, at a CAGR of 80.8% during 2023 and 2030. Europe is the largest market, with a sales market share about 41%, followed by Asia-Pacific, and North America, both have a sales market share about 55 percent. In terms of product, Sub-6 GHz is the largest segment, with a share over 80%. And in terms of application, the largest application is energy and utilities, followed by manufacturing.
The current market dossier provides market growth potential, opportunities, drivers, industry-specific challenges and risks market share along with the growth rate of the global Private 5G Networks market. The report also covers monetary and exchange fluctuations, import-export trade, and global market status in a smooth-tongued pattern. The SWOT analysis, compiled by industry experts, Industry Concentration Ratio and the latest developments for the global Private 5G Networks market share are covered in a statistical way in the form of tables and figures including graphs and charts for easy understanding.
The report is divided into three parts: Part I Private 5G Networks Market Overview, Part II Private 5G Networks Market Data, and Part III Strategic Recommendations.
Report Coverage Details: Companies Mentioned (Nokia, Ericsson, Huawei, Samsung, ZTE, China Mobile, China Unicom, Verizon, Deutsche Telekom, Vodafone, Qualcomm, NEC, Fujitsu, NTT, Advantech, Amazon Web Services (AWS), Cisco, HPE, AT&T), Applications (Manufacturing, Energy, Utilities and Mining, Transportation and Logistics, Education and Hospitality, Government and Public Safety, Corporates and Enterprises, Healthcare, Others), and Type (Sub-6 GHz, mmWave).
The Private 5G Networks Market Report identifies various key players in the market and sheds light on their strategies and collaborations to combat competition. Moreover, it helps new businesses perform a positive assessment of their business plans because it covers a range of topics market participants must be aware of to remain competitive.
Geographically, this report is segmented into several key regions, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.