Private 5G network market size expected to reach USD 129.6 billion

FORT COLLINS, Colo., Sept. 05, 2023 (Globe Newswire) — DataHorizon Research presents “Private 5G Networks Market Size, Share, Growth, Trends, and Statistical Analysis by Component (Hardware, Software, Services)” A report entitled “Report” has been published. By frequency (sub-6 GHZ, mmWave), by network spectrum, by industry (manufacturing, energy operations, logistics and transportation, aerospace and defense), by region, and by segment forecast, 2023-2032.

According to DataHorizon Research, the private 5G network market size is valued at USD 2.6 billion in 2022, and the market size is expected to reach USD 129.6 billion It will grow at a CAGR of 48.2% by 2032. Private 5G networks are non-public mobile networks that use licensed, unlicensed, or shared spectrum. The telecommunications industry in several countries is expected to achieve further success with the effective implementation of 5G in the coming years.

The growth of the private 5G networks market is also driven by the increasing usage of Internet of Things (IoT) devices and the growing demand for efficient systems to handle growing amounts of data. 5G networks are widely accepted in countries such as China, Singapore, and Japan. The implementation of 5G will also overcome bandwidth-related limitations such as latency, lack of coverage, and low transmission speeds.

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Report snapshot:

Segmentation overview:

The global private 5G networks market is segmented into components, frequencies, network spectrum, and regions. Hardware is the main component due to the hardware needs of the device. The sector is also predicted to witness robust growth in the coming years.

Asia Pacific is a leading market for private 5G networks due to significant investment in technology and availability of 5G infrastructure market. The presence of established IT and network providers is expected to drive the market development in Asia Pacific region. North America is predicted to see healthy expansion in the coming years.

Main developments in the industry:

• In 2020, Fujitsu became the first company to obtain a private 5G network license in Japan. We have also begun operating a security system that enables high-speed transmission of high-definition video collected by multiple cameras, and a security system that detects suspicious activity through video analysis. In 2021, Fujitsu began commercial operation of a private 5G system at its Oyama factory in Japan to facilitate on-site operations and remote support.
• Fujitsu and NTT Docomo have started a hybrid 5G demonstration experiment to emphasize wide-area coverage of private 5G and public 5G. This will enable private and public 5G to design end-to-end enterprise 5G in the supply chain industry. In 2022, Softbank and his KDDI collaborated to provide public 5G resources for designing enterprise 5G.

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Private 5G Networks Market Report Highlights:

• The global private 5G network market size is expected to reach USD 129.6 billion by 2032, at a CAGR of 48.2%.
• The emergence of smart city projects and the need for high network bandwidth are some of the prominent factors for market growth.
• Artificial intelligence is driving market development as several industries introduce automation and machine learning into their systems.
• On a component basis, the hardware segment gained significant market share in 2022 due to advanced technology adoption.
• Based on frequency, sub-6GHz is dominant as several countries have adopted high-end network frequencies.
• Unlicensed segment remains dominant due to growing demand for 5G networks at affordable costs
• Asia-Pacific is the most dominant market due to the growing importance of 5G networks and breakthroughs in several countries in Asia.
• Prominent players in the private 5G network market include Nokia, Samsung, Cisco, Huawei, ZTE, Fujitsu, NEC Corporation, Sterlite, Radisys, Ericcson, Blinq Network, etc.

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Private 5G Network Market Segmentation:

Private 5G Network Market, by Component (2023-2032)

• hardware
• Software and services

Private 5G Network Market by Frequency (2023-2032)

Private 5G Network Market, By Network Spectrum (2023-2032)

Private 5G Network Market, By Network Spectrum (2023-2032)

• manufacturing industry
• energy company
• Logistics and transportation
• aerospace and defense
• health care
• mining
• oil gas
• others

Private 5G Network Market by Region (2023-2032)

• • England
  • Germany
  • France
  • rest of europe

• • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

• • Brazil
  • Mexico
  • Rest of Latin America

• • United Arab Emirates
  • Saudi Arabia
  • South Africa
  • rest of the Middle East and Africa

About DataHorizon Research:

DataHorizon is a market research and advisory firm that helps organizations around the world develop growth strategies that align with changing business dynamics. Its services include enterprise-wide consulting services and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term, sustainable trends in the market makes complex decision-making easier for organizations.

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