South East Asia 5G Private Network Market to Hit USD 1939.60 Million by 2030 | Key Players - Ericsson, Nokia Corporation, Cisco System Inc., Samsung, ZTE Corporation, Verizon Communication

High penetration of 5G private network, increase in usage of artificial intelligence (AI) & other smart connected devices, and rise in need for high-speed internet with shift toward digitization drive the growth of the South East Asia 5G private network market. However, security concerns and high cost of implementation for 5G private network solutions restrain the market growth. On the other hand, rise in need for low latency connectivity in organizations, emergence of cutting-edge technologies, and increase in investments for implementation of 5G private network infrastructure create new opportunities in the coming years.

The South East Asia 5G private network market generated $59.31 million in 2020, and is expected to reach $1.93 billion by 2030, witnessing a CAGR of 41.9% from 2021 to 2030.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/16586

Based on component, the hardware segment accounted for the highest market share in 2020, contributing to nearly half of the South East Asia 5G private network market, and is expected to maintain its dominance throughout the forecast period. This is attributed to increase in adoption of 5G private network solution among enterprises to gain strategic & competitive advantages and avail strong customer retention over their competitors. However, the services segment is projected to witness the fastest CAGR of 45.9% from 2021 to 2030. This is due to effective coordination between hardware provider companies and 5G private network users by offering services such as implementation, training, consulting services, and managed services.

Based on country, Indonesia contributed to the highest market share in terms of revenue in 2020, accounting for around two-fifths of the South East Asia 5G private network market, and is projected to continue its lead position by 2030. However, Malaysia is estimated to witness the largest CAGR of 48.6% during the forecast period, owing to ongoing development in the telecom sector that drive organizations to focus on rapid deployment and implementation of the 5G private network.

Access full report summary at: https://www.alliedmarketresearch.com/south-east-asia-5g-private-network-market-A16217

Based on industry vertical, the Industry 4.0 segment held the highest share in 2020, accounting for more than half of the South East Asia 5G private network industry, and is projected to continue its leadership status by 2030. This is attributed to rise in use of industrial automation and internet of things in the manufacturing industry. However, the smart city segment is estimated to witness the highest CAGR of 48.3% from 2021 to 2030. This is due to rise in use of low latency and high speed internet in the smart city projects.

Procure Complete Report (328 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/south-east-asia-5g-private-network-market/purchase-options

Major industry players such as - Ericsson, Nokia Corporation, Cisco System Inc., Samsung, ZTE Corporation, Verizon Communication, BT Group, Qualcomm Technologies Inc., Deutsche Telekom, AT & T, Dialog Axiata PLC, Axiata Groups Celom, DiGi, Bharti Airtel Lanka, and U-Mobile as well as system integrator companies such as Enea Openwave, HCL Technologies, Amdocs, and Infosys Limited.

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/16586

Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.