Private 5G-as-a-Service Market By Component (Hardware, Software, Service), By Frequency Band (Sub-6 GHz, mmWave), By Deployment Model (Standalone (SA), Non-standalone (NSA)), By Spectrum (Licensed, Unlicensed/Shared), By Industry Vertical (Manufacturing,

Private 5G-as-a-Service Market Size

According to a new report published by , titled, "Private 5G-as-a-Service Market," The private 5g-as-a-service market was valued at $1.6 billion in 2021, and is estimated to reach $34.1 billion by 2031, growing at a CAGR of 36.2% from 2022 to 2031.

Purchase Regional Report: https://reports.valuates.com/request/regional/ALLI-Auto-1T952/Private_5G_as_a_Service_Market_By_Component_Hardware_Software_Service_By_Frequency_Band_Sub_6_GHz_mmWave_By_Deployment_Model_Standalone_SA_Non_standalone_NSA_By_Spectrum_Licensed_Unlicensed_Shared_By_Industry_Vertical_Manufacturing_Transportation_and_Logistics_Office_Buildings_BFSI_Healthcare_Media_and_Entertainment_Others_Global_Opportunity_Analysis_and_Industry_Forecast_2022_2031

Private 5G-as-a-Service Market

Private 5G as a service refers to a telecommunication service that provides organizations with their own private 5G network infrastructure, which is managed and operated by a third-party provider. This type of service is designed to offer the benefits of 5G technology, such as high-speed connectivity, low latency, and the ability to connect a large number of devices, while providing organizations with greater control and security over their network. By providing private 5G as a service, organizations can avoid the capital expenses and complexities associated with building and maintaining their own private network infrastructure, while also benefiting from the flexibility and scalability of a cloud-based service model. Private 5G as a service can be customized to meet the specific needs and requirements of different organizations, making it a highly versatile and adaptable solution.

Key factors driving the growth of the cyber security in energy market include rise in number of IoT devices & adoption of edge computing, surge in demand for content streaming services, and increase in demand for low latency connectivity in industrial automation. 5G technologies are expected to help deliver unmatched data speeds while improving the overall user experience and dramatically improving real-time data processing capabilities in IoT devices. Edge computing can help streaming services improve network performance by caching popular content closer to end users in edge data centers. Moreover, advent of 5G technologies is expected to boost data speeds while improving the overall user experience. 5G technologies provide the essential network characteristics such as high reliability and low latency, which are required to support critical application in manufacturing facilities. 5G is one of the major technologies that is projected to facilitate industrial automation to Industry 4.0. Increase in investments in smart cities and surge in demand for connected cars are expected to provide growth opportunities for the market. In addition, increase in investments toward smart city infrastructure is expected to provide significant opportunity for implementation of 5G technologies within smart cities.

The market also offers growth opportunities to the key players in the market. With ultra-reliable, accessible, low-latency networks, 5G is anticipated to enable new services that can revolutionize sectors, such as remote control of crucial infrastructure, automobiles, and medical operations. Depending on the sector, certain firms can fully utilize 5G's advantages, particularly those that require the high speed, low latency, and network capacity that 5G is intended to offer. To boost operational productivity and precision, for instance, smart factories may leverage 5G to operate industrial Ethernet.

The private 5G as a service market is segmented into component, frequency band, deployment model, spectrum, industry vertical, and region. By component, it is classified into hardware, software, and service. Depending on frequency band, it is segregated into sub-6 GHz and mmWave. On the basis of deployment model, it is segregated into standalone (SA) and non-standalone (NSA). Depending on spectrum, it is divided into licensed and unlicensed/shared. As per industry vertical, the market is divided into BFSI, transportation & logistics, IT, manufacturing, healthcare, media & entertainment, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, Russia, Portugal and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and rest of LAMEA).



The key players profiled in the study include Amazon Web Services, Inc., Mavenir, Ericsson, Cisco Systems, Inc., Anterix, Infosys Limited, Verizon, AT&T Intellectual Property, Nokia, and Kyndryl Inc. The players in the market have been actively engaged in the adoption various strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market. For instance, in February 2023, Kyndryl and Nokia announced the expansion of their global network and edge partnership, with a focus on developing and delivering industry-leading LTE and 5G private wireless services and Industry 4.0 solutions to customers worldwide. Furthermore, a collaboration between Telecommunications Consultants India Ltd. (TCIL) and Bharat Sanchar Nigam Limited (BSNL) was established in March 2023 to offer enterprises 5G-driven captive network services. Demand for private networks is anticipated to rise as 5G is implemented since businesses will require them to enable a wide range of new use cases. Mid-sized to large-sized organisations are the ones most able to afford private networks. Businesses that operate in a number of industries, such as manufacturing, retail, mining, and healthcare, would benefit greatly from private 5G networks.

Private 5G-as-a-Service Market By Component (Hardware, Software, Service), By Frequency Band (Sub-6 GHz, mmWave), By Deployment Model (Standalone (SA), Non-standalone (NSA)), By Spectrum (Licensed, Unlicensed/Shared), By Industry Vertical (Manufacturing, Transportation and Logistics, Office Buildings, BFSI, Healthcare, Media and Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Auto-1T952/Private_5G_as_a_Service_Market_By_Component_Hardware_Software_Service_By_Frequency_Band_Sub_6_GHz_mmWave_By_Deployment_Model_Standalone_SA_Non_standalone_NSA_By_Spectrum_Licensed_Unlicensed_Shared_By_Industry_Vertical_Manufacturing_Transportation_and_Logistics_Office_Buildings_BFSI_Healthcare_Media_and_Entertainment_Others_Global_Opportunity_Analysis_and_Industry_Forecast_2022_2031

Key Market Insights

By component, the hardware segment led the private 5G as a service industry trends in terms of revenue in 2021.

By end use, the manufacturing segment accounted for the highest private 5G as a service market share in 2021.

By region, North America generated the highest revenue for the private 5G as a service market size in 2021.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-1T952/private-5g-as-a-service

Phone:
U.S. (TOLL FREE) : +1 (315) 215-3225
India: +91 8040957137

Email Id:
Please reach us at sales@valuates.com

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.