Dublin, June 06, 2024 (GLOBE NEWSWIRE) — The “Private 5G Networks: 2024-2030 – Opportunities, Challenges, Strategies and Forecasts” report has been released. ResearchAndMarkets.com Provided.
As enterprises continue to vigorously pursue digital transformation, investments in the private 5G networks sector are expected to grow significantly. Industry experts predict that investments in private 5G networks will grow at a compound annual growth rate (CAGR) of approximately 42% from 2024 to 2027, driven by contributions from manufacturing, utilities, and many other vertical industries. The consolidation of these networks is expected to generate revenues of approximately $3.5 billion by the end of 2027.
Private 5G networks are recognized as a key driver of operational efficiency across a range of industries. A variety of sectors are reporting significant productivity and efficiency gains as a result of the deployment of private 5G networks. For example, manufacturing processes have reported productivity and efficiency increases of 20-90%. At the same time, facilities such as intermodal terminals have seen costs decrease by up to 40%.
Advances in 5G technology
5G Advanced, the next evolutionary stage of 5G technology, is being experimented on private networks to achieve even greater efficiency. The technology’s advanced capabilities are expected to help the industry in addressing complex and time-sensitive control scenarios and mitigating potential operational downtime.
Overcoming geopolitical challenges
Amid ongoing global trade tensions and restrictions on telecommunications equipment suppliers, private 5G networks are increasingly being leveraged to evaluate domestically manufactured network infrastructure products. These controlled test environments enable thorough evaluation before large-scale deployments or vendor switches, ensuring a safe and uninterrupted transition to 5G technology.
Spectrum liberalization spurs growth
Spectrum liberalization efforts, particularly shared spectrum and local area spectrum licensing, have played a key role in facilitating the deployment of private 5G networks. Regulatory bodies in multiple countries have allowed access to shared and local spectrum, thereby empowering applications across a range of industries.
Mobile operators continue to dominate
Despite the emergence of specialized network providers and new spectrum licensing models, state-owned mobile operators have maintained significant market share, backed by their extensive licensed spectrum holdings and cellular expertise. The involvement of these operators in various private 5G projects highlights the enduring importance of these established players in a burgeoning sector.
Looking to the future
Private 5G networks are on a strong growth trajectory, with the market on the brink of expansion into various new and existing verticals seeking enhanced connectivity solutions. The future-proof nature of private 5G network technology positions it to play a key role in industrial evolution and mission-critical applications over the next decade.
Topics Covered
- Introducing Private 5G Networks
- Value Chain and Ecosystem Structure
- Market Drivers and Challenges
- System architecture and key elements of private 5G networks
- Operational and business models, network scale, geographic coverage and other practical aspects of private 5G networks
- Industry 4.0-driven wireless connectivity requirements, critical communications broadband evolution, enterprise transformation, and other themes shaping the adoption of private 5G networks
- Enabling technologies and concepts such as 3GPP defined URLLC, TSC, DetNet, NR-U, SNPN and PNI-NPN, MCX, RedCap, Cellular IoT, High Precision Positioning, Network Slicing, Edge Computing, and Network Automation capabilities
- Key trends include the emergence of new specialized network operators, shared and local area spectrum licensing, private Network-as-a-Service (NaaS) offerings, IT/OT convergence, open RAN, vRAN and rapidly deployable 5G systems
- Analysis of vertical industries and application scenarios, including reconfigurable wireless production lines, collaborative mobile robots, autonomous transportation systems, untethered AR/VR/MR (Augmented Reality, Virtual Reality, Mixed Reality), UHD (Ultra High Definition) video transmission, machine vision, digital twins, and mission-critical group communications
- Future Roadmap for Private 5G Networks
- A review of private 5G network deployments around the world, including 100 case studies across 16 industry verticals
- A database tracking over 2,200 private 5G installations in over 60 countries worldwide
- Spectrum availability, allocation and use across global, regional and national territories
- Standardization, regulation and cooperation efforts
- Profiles and strategies of over 1,800 ecosystem players
- Strategic recommendations for 5G equipment and chipset suppliers, system integrators, private network specialists, mobile operators and end-user organizations
- Market Analysis and Forecast from 2024 to 2030
Predictive Segmentation
Infrastructure Submarket
- 5G NR RAN (Radio Access Network)
- Base station RU (radio unit)
- DU/CU (Distributed and Centralized Baseband Unit)
- 5GC (5G Core)
- UPF (User Plane Function)
- Control Plane Functions
- 5G Transport (Fronthaul, Midhaul, Backhaul)
- Fiber optics and wired
- microwave oven
- Satellite communications
Cell Size
- Small Cell
- indoor
- Outdoor
- Macro Cell
Frequency range
- Less than 6GHz
- mmWave
End-user Market
- Vertical Industry
- Agriculture
- Aviation
- broadcast
- construction
- education
- forestry
- health care
- Manufacturing
- Military
- Mining
- Oil & Gas
- Port and marine transport
- Public Security
- Railway
- Utilities
- Warehousing and other
- Offices, buildings, public facilities
For more information on this report, visit: https://www.researchandmarkets.com/r/vz4syu
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Global spending on private 5G networks
