Unlocking Opportunities in the Private 5G Network Market: 2025-2034 Forecast Report

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts

What Will the Private 5G Network Industry Market Size Be by 2025?
The size of the private 5G network market has seen an explosive growth in recent times. The market, which stands at $3.42 billion in 2024, is projected to expand to $5.1 billion in 2025, showcasing a compound annual growth rate (CAGR) of 49.1%. A series of factors have fueled this growth during the historical period, including advancements in technology, an escalating need for data security, specific requirements within industries, a boom in the Internet of Things (IoT), and a necessity for communication with lower latency.

What's the Long-Term Growth Forecast for the Private 5G Network Market Size Through 2029?
There is an expectation for a significant expansion in the private 5G network market size in the coming years, with projections estimating it to reach $25.04 billion by 2029, boasting a compound annual growth rate (CAGR) of 48.9%. This forthcoming growth can be linked to the advent of industry 4.0, the augmentation of smart city efforts, the increased application of edge computing, the adoption of remote work and telemedicine setups, and the utilization of augmented reality (AR) and virtual reality (VR) applications. The forecast period is set to witness significant trends including the integration of artificial intelligence (AI), the formation of hybrid network models, a concentrated effort towards network slicing for personalization, an increased application of private 5G in industrial automation, and an expansion of private 5G networks into rural territories.

View the full report here:
https://www.thebusinessresearchcompany.com/report/private-5g-network-global-market-report

What Are the Key Growth Drivers Fueling the Private 5G Network Market Expansion?
The accelerated uptake of the Internet of Things (IoT) is projected to fuel the growth of the private 5G network market in the future. IoT represents a network of tangible objects equipped with sensors, software, and various technologies that allow them to engage with and transmit data to other devices and systems online. The surge in IoT demand stems from factors such as improved efficiency and productivity, cost reduction, data insights, automation and control, innovation, and competitive gains. Private 5G networks harness the potential of the IoT, offering a breadth of applications such as delivering a secure, dependable, high-speed network with minimal latency. This bolsters advanced technologies to enhance serviceability while permitting real-time deterministic use cases. For instance, IoT connections are estimated to rise from 15.1 billion in 2021 to 23.3 billion by 2025 as per data from Akamai Technologies Inc., a US-based internet firm, in August 2022. Consequently, this burgeoning demand for IoT is steering the growth of the private 5G network market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15245&type=smp

What Are the Key Trends Driving Private 5G Network Market Growth?
Primary enterprises involved in the private 5G network sector are centring their efforts on creating superior versions of 5G, such as 5.5G, in order to meet special requirements for their particular use cases. This next-generation technology, known colloquially as 5G advanced, boasts prospective speeds that are up to ten times quicker than the current 5G networks. In March 2024, for instance, Huawei Technologies Co. Ltd., a company based in China known for providing information and communication technology (ICT) infrastructure and intelligent devices, announced the development of eight pioneering methods for 5.5G practices. These advances aim to assist operators in constructing networks across all frequency bands, encompassing crucial technological sectors like antenna modifications, mmWave bandwidth, RAN network intelligence, and power efficiency. This network can attain 10 Gbps for downlink speeds, marking a notable enhancement over established 5G networks.

How Is the Private 5G Network Market Segmented?
The private 5G network market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Deployment Type: On-Premise, Cloud
3) By Frequency Band: Sub-6 GHz, mmWave
4) By Spectrum: Licensed, Unlicensed Or Shared
5) By Vertical: Banking, Financial Services And Insurance (BFSI), Manufacturing, Energy And Utilities, Retail And E-commerce, Healthcare, Infrastructure, Transportation And Logistics, Aerospace And Defense, Media And Entertainment, Other Verticals

Subsegments:
1) By Hardware: Small Cells, Radio Access Network (RAN) Equipment, Core Network Equipment, Antennas, User Equipment
2) By Software: Network Management Software, Orchestration Software, Virtualization Software, Security Software
3) By Services: Consulting Services, Integration And Deployment Services, Managed Services, Support And Maintenance Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15245&type=smp

Which Companies Are Leading the Charge in Private 5G Network Market Innovation?
Major companies operating in the private 5G network market report are Samsung Electronics Co. Ltd; Affirmed Networks; Verizon Communications Inc; AT&T Inc; Dell Inc.; Huawei Technologies Co., Ltd.; Vodafone Ltd.; Cisco Systems, Inc.; Qualcomm Technologies, Inc.; Oracle; Fujitsu; Hewlett Packard Enterprise Development LP; Telefonaktiebolaget LM Ericsson; Deutsche Telekom AG; Nokia Corporation; NEC Corporation; BT Group plc; ZTE Corporation; SK Telecom Co. Ltd; VMware Inc.; Commscope; Juniper Networks, Inc; T-Systems International GmbH; Ciena Corporation; Mavenir; Extreme Networks; Altiostar; Airspan Networks; Comba Telecom Systems Holdings Ltd.; Celona Inc.

Which Regions Are Leading the Global Private 5G Network Market in Revenue?
North America was the largest region in the private 5G network market in 2024. The regions covered in the private 5G network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15245

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.