Private-5g Network Market Size, Share, Industry Trends and Forecast to 2030

Private-5g Network Market Size & CAGR in 2021

The global private-5G network market is expected to witness a significant growth rate of 8.5% CAGR from 2021 to 2027. As a result, the market is anticipated to reach a value of USD 5.6 billion by the end of 2027. The increasing adoption of private 5G networks in various industries such as manufacturing, healthcare, transportation, and others is driving the market growth.

COVID-19 Impact on the Private-5g Network Market

The outbreak of COVID-19 has had a mixed impact on the private-5G network market. On one hand, the pandemic has accelerated the adoption of private networks as organizations look for more secure and reliable communication solutions. On the other hand, the economic slowdown and disruptions in supply chains have hindered the market growth to some extent. However, overall, the market is expected to recover and witness substantial growth post-pandemic.

Private-5g Network Dynamics

The private-5G network market is driven by factors such as increasing demand for high-speed and low latency communication networks, growing investments in digitization and automation, and rising adoption of IoT devices. The market is also influenced by technological advancements in 5G technology, the emergence of Industry 4.0, and the need for secure and reliable connectivity in various industries.

Segments and Related Analysis

The private-5G network market can be segmented based on deployment model, organization size, application, and industry vertical. By deployment model, the market is categorized into on-premises and cloud-based. By organization size, the market is divided into small and medium enterprises and large enterprises. Based on application, the market is segmented into smart factories, smart cities, connected healthcare, and others. In terms of industry vertical, the market includes manufacturing, healthcare, transportation, energy, and others.

By Region Analysis

In 2021, North America held the largest market share in the private-5G network market, followed by Europe and Asia Pacific. The high adoption rate of advanced technologies, presence of key market players, and supportive government initiatives are driving the growth of the market in these regions. The Asia Pacific region is expected to witness the fastest growth rate during the forecast period due to increasing investments in digital infrastructure and rapid industrialization.

Key Market Players and Competitive Landscape

Key players in the private-5G network market include Nokia Corporation, Ericsson, Huawei Technologies Co., Ltd., Cisco Systems Inc., Samsung Electronics Co., Ltd., and others. These companies are actively engaged in partnerships, collaborations, and product launches to strengthen their market presence and expand their customer base. The market is highly competitive, with a focus on technological innovation and product development.

Recent Happenings in the Private-5g Network Market

In recent times, there has been a significant focus on the development of private 5G networks to cater to the specific needs of industries such as manufacturing, healthcare, and transportation. Key market players have announced strategic partnerships and new product launches to address the growing demand for secure and reliable communication solutions. The market is evolving rapidly, with new opportunities emerging for players in the private-5G network space.