Global Private 5G Networks Market Overview:
A private 5G network is a Local Area Network (LAN) that conveys improved network availability and connectivity to enterprise, industrial operations and other end users. This network plays a crucial role in providing secure, seamless data connectivity to Industrial Internet of Things (IIoT) applications, industrial sensors, and collaborative robots. The private 5G network is addressing the critical wireless network communication for infrastructural connectivity. With the rapid rise for critical applications across many industries, increases the demand for Time Sensitive Networking (TSN) and real time based networking. Thus, private 5G network with high speed bandwidth connectivity network fulfill the demand of TSN and real time networking. Also, private 5G network provide end to end security from threats and emerge as a vital component, in case of confidentiality of data matters the most.
Growth Drivers
- Increase in demand for high bandwidth with secure network connectivity across all industries
- Favorable regulatory policies coupled with heavy investment in developed countries
Roadblocks
- Lack of technology infrastructure facility in developing countries
- Critical and complex to develop IT related architecture and platforms to support 5G deployment successfully
Opportunities
- Completely transform the transportation and logistics industry by providing seamless Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) connectivity
- Private 5G network able to handle more users, data and larger area coverage
Challenges
- Private 5G network deployment needs huge investment
- Regulators develop regulatory standards to reduce radiations
Competitive Landscape:
The leading organizations in the market are collaborating with vertical industries and deploying their products with an aim to develop new use case scenarios and displaying capabilities that 5G has offer. Also prominent companies work with domestic players to widen and spread adoption of private 5G networks and meet the market demand.
Some of the key players profiled in the report are Juniper Networks (United States), Verizon Communications (United States), Qualcomm Technologies, Inc. (United States), Huawei Technologies Co., Ltd. (China), ZTE Corporation (China), Vodafone Ltd. (United Kingdom), Altiostar (United States), Mavenir (United States), BT Group (United Kingdom) and Cisco Systems, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Telefonaktiebolaget LM Ericsson (Sweden), AT&T Inc. (United States), Broadcom Inc. (United States), Verizon Communications (United States), Samsung (South Korea) and Deutsche Telekom (Germany). Analyst at AMA Research see United States Players to retain maximum share of Global Private 5G Networks market by 2026. Considering Market by By Frequency Outlook, the sub-segment i.e. Sub-6 GHz will boost the Private 5G Networks market. Considering Market by By Spectrum Outlook, the sub-segment i.e. Licensed will boost the Private 5G Networks market.
Latest Market Insights:
On 18 Sept 2020, Ericsson has acquired Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions. This acquisition will create valuable new revenue streams for customers by supporting full 5G-enabled services for enterprise, and boost returns on investments in the network.
On 1 July 2021, Qualcomm Technologies, Inc., a global leader in 5G, wireless communications and Capgemini, collaborate to unlock the benefits of 5G private networks to support their clients’ digital transformation towards Intelligent Industry. Collaboration aims to improve interoperability, provide proven performance and ease deployment for clients looking to unlock benefits of 5g private networks. and On 22 Feb 2021, Bharti Airtel, India’s premier communications solutions provider, and Qualcomm Technologies, Inc. announced their collaboration for accelerating 5G in India. This collaboration enable a wide array of use cases, including 5G Fixed Wireless Access (FWA) that is designed to deliver broadband connectivity at Gigabit speeds to homes and businesses.
What Can be Explored with the Private 5G Networks Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Private 5G Networks Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Private 5G Networks
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Private 5G Networks market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Private 5G Networks market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes IT and Telecommunication Sector, Industry Associations, Government Officials, Government Regulatory Authority and Private Research Institutions.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.