About Private 5G as a Service
Private 5GaaS is a solution that enables organizations to deploy their own dedicated 5G networks through a service provider. In this concept, organizations would outsource the management and operation of their dedicated 5G network instead of relying on public cellular networks. Businesses use this service as a secure, high-performance wireless network tailored to their needs, often for industrial applications, enterprises, or large campuses. Several benefits are available to private 5G networks as compared to using traditional Wi-Fi or public cellular networks. It provides ultra-low latency, much higher reliability, and faster speeds in applications like automated manufacturing, smart cities, or real-time data analytics. Private 5G has control over the security and management of the network, with no risk of cyber threats, in comparison with public networks and ensuring that regulations specific to industry are complied with. With Private 5GaaS, the organization does not have to spend much money on building and maintaining infrastructure. It leaves these activities to the service provider, who shall be in charge of their deployment, maintaining the network, and its management.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. 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.
Amazon Web Services Inc. (USA), Verizon (USA), AT&T Intellectual Property (USA), Anterix Inc. (USA), Nokia (Finland), Mavenir (USA), Kyndryl Inc. (USA), Cisco Systems Inc. (USA), Ericsson (Sweden) and Infosys Limited (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Private 5G as a Service market by and Region.
On the basis of geography, the market of Private 5G as a Service 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 End-user Industry, the sub-segment i.e. Office Buildings will boost the Private 5G as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Frequency Band, the sub-segment i.e. Sub-6 GHz will boost the Private 5G as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. Standalone (SA) will boost the Private 5G as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Network virtualization and software-defined networking (SDN) and Increased adoption of Artificial intelligence (AI) and machine learning (ML)
Market Growth Drivers:
Increased demand for high-bandwidth connectivity and Growing adoption of IoT and smart devices
Challenges:
Implementing private 5G networks can be expensive due to infrastructure investments and spectrum acquisition. and The market lacks sufficient qualified professionals to design, deploy, and manage private 5G networks.
Restraints:
Government regulations and competition for spectrum can impact the availability and cost of private 5G services. and Private 5G networks present unique security challenges due to their increased connectivity and access to sensitive data.
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
In June 2023, HPE completes acquisition of private 5G leader Athonet a leading private cellular networking specialist. This acquisition signifies a major leap forward for HPE in our mission to revolutionize the private networking market, in part through simplifying and accelerating the deployment of private 5G.
Boldyn Networks (Boldyn) unveiled Private 5G as a Service, a new service offering for enterprise customers that delivers the full power of Private 5G, enhancing digital transformation efforts without the burden of significant investment or maintenance. 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.