About Private 5G Networks
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.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Private 5G Networks market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Telefonaktiebolaget LM Ericsson (Sweden), AT&T Inc. (United States), Broadcom Inc. (United States), Verizon Communications (United States), Samsung (South Korea) and Deutsche Telekom (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Private 5G Networks market by Type (Hardware (Radio Access, Backhaul & Transport), Software and Services (Installation & Integration, Support & Maintenance)), Application (Automotive, Food & Beverages, Heavy Machinery, Healthcare & Pharmaceuticals, Aerospace & Defense, Energy & Utilities, Transportation & Logistics and Others (Mining, Corporates/Enterprises)) and Region.
On the basis of geography, the market of Private 5G Networks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by By Frequency Outlook, the sub-segment i.e. Sub-6 GHz will boost the Private 5G Networks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Spectrum Outlook, the sub-segment i.e. Licensed will boost the Private 5G Networks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for smartphone and multiple technology devices and Growing demand for uninterrupted contact between machines and network connections
Market Growth Drivers:
Increase in demand for high bandwidth with secure network connectivity across all industries and Favorable regulatory policies coupled with heavy investment in developed countries
Challenges:
Private 5G network deployment needs huge investment and Regulators develop regulatory standards to reduce radiations
Restraints:
Lack of technology infrastructure facility in developing countries and 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 and Private 5G network able to handle more users, data and larger area coverage
Market Leaders and their expansionary development strategies
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.
Key Target Audience
IT and Telecommunication Sector, Industry Associations, Government Officials, Government Regulatory Authority and Private Research Institutions
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.