Private 5G Network Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028 Segmented By Component (Hardware, Software, Services), By Frequency (Sub-6 GHz, mmWave), By Spectrum (Licensed, Unlicensed), By Industry Vertical (Manufacturing/Factories, Energy & Utilities, Transportation & Logistics, Defense, Enterprises & Campus, Mining, Healthcare/Hospitals, Oil & Gas, Retail,
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPrivate 5G Network Market - Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028 Segmented By Component (Hardware, Software, Services), By Frequency (Sub-6 GHz, mmWave), By Spectrum (Licensed, Unlicensed), By Industry Vertical (Manufacturing/Factories, Energy & Utilities, Transportation & Logistics, Defense, Enterprises & Campus, Mining, Healthcare/Hospitals, Oil & Gas, Retail,
A private 5G network is one that possesses all of the essential features of 5G but is either disconnected from or connected in a limited way to the public 5G network offered by any Mobile Network Operator (MNO). Security, privacy, and data isolation are provided via a private 5G network, which is tailored such that only approved devices can access the network infrastructure.
Development of Smart Infrastructure
smart cities are conceptual models aiming to offer a combination of modern infrastructure and services. ICT infrastructure is present in smart cities to enhance and increase the efficiency of municipal operations and services. Smart utilities, smart citizen services, and smart structures are the only elements that may be applied to existing cities in order to qualify as smart cities.
The idea of smart cities is to provide a combination of contemporary infrastructure and services. Smart cities have ICT infrastructure to improve and boost the effectiveness of governmental operations and services. The only components that can be added to current cities to make them smart cities are smart utilities, smart citizen services, and smart structures.
As a result, the success of smart city projects is strongly reliant on numerous technologies—cloud, data communications, sensors, and mobility that make up the Internet of Things. Due to the high need for quicker connectivity and communication, 5G standalone (SA) services may have a bright future.
The Emergence of Industry 4.0
Industry 4.0 is synonymous with the fourth industrial revolution and anticipates the digital transformation of production, manufacturing, and related industries.
Private 5G networks provide support for various applications apart from seamless connectivity. They support mission-critical wireless communication with public safety, critical infrastructure, and industrial operations. 5G-enabled technologies lay the foundation of smart factories, smart manufacturing and offer compelling benefits to manufacturers. These networks enable use cases of advanced technologies, such as self-driving machines, collaborative mobile robots, AGVs (automated guided vehicle systems), AR/VR headsets, augmented reality (AR), predictive maintenance, etc.
Industry 4.0 and private 5G networks enable more sophisticated and real-time operations. To create new solutions, network vendors, cloud providers, machine builders, industrial automation OEMs (original equipment manufacturers), and AI technology providers work together. These solutions, such as preventive maintenance, assist sectors like manufacturing in realzsing their vision of a 5G future-smart factory.
Rising Automotive Manufacturing
One of the first sectors to use the private 5G network is the automotive manufacturing sector. Industrial-grade edge-to-cloud deployable solutions for the automotive industry are made possible by combining a private 5G network with the most recent Industrial IoT (IIoT) standards. Collaborative connections between wireless IoT nodes and robots are made possible by 5G networks' high bandwidth, low latency, and high dependability. This enables real-time data processing and time-sensitive tasks. Machine learning (ML) platforms that employ artificial intelligence (AI) algorithms to continuously optimize production and enhance quality are powered by the enormous volumes of data that a 5G network collects.
Increased Demand for Real-Time Medical Imaging
The primary drivers of private 5G network use cases in the healthcare industry are a dedicated spectrum, high capacity, and ultra-low latency. Medical imaging data streaming with AR/VR requires lag-free, high-capacity data communication. Medical professionals can diagnose patients in real-time and make time-sensitive surgical decisions with the support of private 5G, which offers a dependable communication link. As a result, the market for private 5G networks is increasingly in demand in the healthcare industry.
Market Segments
Global Private 5G Network Market is segmented into Component, Frequency, Spectrum, Industry Vertical, region and competitive landscape. Based on Component, the market is segmented into Hardware, Software, Services. By Frequency, the market is segmented into Sub-6 GHz, mmWave. By Spectrum Device the market is segmented into Licensed, Unlicensed. By Industry Vertical, the market is segmented into Manufacturing/Factories, Energy & Utilities, Transportation & Logistics, Defense, Enterprises & Campus, Mining, Healthcare/Hospitals, Oil & Gas, Retail, Agriculture, Smart Cities, Others.
Market Players
Recent Developments
- In 2020, LufthansaTechnik and Vodafone Business have built a standalone private 5G campus networkat the 8,500 square meters Lufthansa base at Hamburg Airport.
- In Feb 2022, QualcommTechnologies, Inc. revealed a collaboration with Microsoft to deliver a unique,industry-first chip to cloud solution for private enterprise networkingdesigned to solve the technology adoption problem for enterprises to implementprivate 5G networks on a global scale.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023E-2028F |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Component By Frequency By Spectrum By Industry Vertical By Region |
| Regional Scope | North America, Europe, Asia Pacific, South America and Middle East & Africa |
| Country Scope | US.; Canada; Mexico; U.K.; Germany; France, Spain; Italy; China; India; Japan; South Korea; Saudi Arabia; UAE; South Africa; Brazil; Argentina; Colombia |
| Key companies profiled | Telefonaktiebolaget LM Ericsson, Nokia Corp., Samsung Electronics Co., Ltd., ZTE Corp., Deutsche Telekom AG, Juniper Networks Inc, AT&T Inc., Verizon Communications Inc., Altiostar Networks India Private Limited, Huawei Technologies Co., Ltd., HRMavenir Systems, Inc., BT Group plc, T-Systems International GmbH, Cisco Systems, Inc., Vodafone Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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