Private 5G Market Size, Share, Opportunities, And Trends By Component (RAN, 5G Core, Transport, Edge Server), By Application (Industrial Equipment, AGVs, Security, Others), By Band (Sub-6 GHz, MmWave), By Industrial Vertical (Manufacturing, Oil & Mining, Logistics/Warehouses, Healthcare, Others), And By Geography - Forecasts From 2024 To 2029

The global private 5G market is projected to grow at a CAGR of 30.94% to reach US$15.560 billion by 2029, from US$4.041 billion in 2024.

GROWTH DRIVERS

• Growing need for 5G URLLC

The emergence of the 5G System as a valuable tool for various industries has created a new requirement for improved reliability and reduced latency to coexist. Industrial automation stands as a crucial application for the features of Ultra-Reliable Low-Latency Communication (URLLC). URLLC offers exceptionally reliable network connections and extremely low packet transmission delays, with latency as low as 1 millisecond. These two attributes establish URLLC as a primary use case for 5G technology.

For instance:

In August 2023, VDN Technologies unveiled a dependable and secure end-to-end 5G Enterprise solution that's ready for deployment. This solution is powered by open standards-based architectures (ORAN) capable of supporting URLLC and eMMB, making it suitable for high-density indoor environments. The Private 5G solution includes VVDN's in-house designed ORAN Radio Units, customized CU/DU, and 5G Core components.

Strategic partnership, and collaboration are one of the major reasons propelling the market for 5G private network in the projected period. For instance, in May 2024, stc Group partnered with Celona to provide private 5G network solution.

Demand for unlicensed/shared spectrum for 5G

Access to shared and unlicensed spectrum is fueling the need for affordable high-speed private 5G networks. Unlicensed spectrum, known for its accessibility, is especially favored for massive machine-type communications (mMTC). This access expands 5G in various ways, increasing capacity, utilizing spectrum more efficiently, and enabling new deployment possibilities. Notably, private LTE and 5G networks within shared spectrum bands are gaining popularity.

In April 2023, Amazon acknowledged NTIA's efforts in shaping the National Spectrum Strategy. Amazon focuses on enhancing in-home connectivity through products and services like eero, improving critical technologies such as Wi-Fi that operate on unlicensed spectrum bands like 2.4 GHz, 5 GHz, and 6 GHz.

Remarkable Increase in IoT deployment 

The private 5G network is crucial for ensuring uninterrupted and secure internet connectivity for the IIoT devices mentioned above. Furthermore, the global market is predominantly influenced by the increasing demand for Industrial Internet of Things (IIoT) applications. Based on the information provided by Ericsson, it has been reported that the count of IoT 5G connection networks worldwide has currently achieved a count of 1.6 billion. and subsequently escalating. These statistics underline the robust growth in 5G network investments across various global regions, highlighting the dynamic evolution of 5G technology.

EMERGING OPPORTUNITIES IN THE PRIVATE 5G MARKET

5G mmWave

5G mmWave holds significant potential in various applications. It is particularly well-suited for scenarios where ultra-low latency and higher speeds are necessary but within relatively short distances. The market is categorized by sub-6 GHz and mmWave bands. When transitioning to higher bandwidth for 5G deployment, changes occur in antenna structure, technology, and component choices. The significance of 5G mmWave is particularly fascinating in fields like FWA, technology advancement, Industry 4.0, and smart vehicles due to its exceptional high-performance capabilities and a range of new use cases. The strong commitment of key government authorities to release mmWave frequencies is anticipated to boost the growth of the mmWave segment.

For instance, in 2022, Several governments in prominent countries have allocated mmWave frequency bands for private 5G services. As an example, the Federal Communications Commission (FCC) has made available various mmWave frequencies, such as 71-76 GHz, 81-86 GHz, and 92-95 GHz (70/80/90 GHz) among others.

MAJOR PLAYERS IN THE MARKET

There are a number of leading companies on the market, such as Qualcomm, Amazon, and Ericsson, among others. The product offerings of the major corporations include the following:

 

COMPANY NAME	PRODUCT NAME	DESCRIPTION
Qualcomm	5G NR-U	5G NR-U marks a significant step in Qualcomm's mission to bring high-performance cellular networking to the unlicensed spectrum. NR-U has the potential to enhance private networks by harnessing the capabilities of 5G and overcoming spectrum limitations, ultimately improving the 5G user experience.
Amazon	AWS	AWS Private 5G is a managed service designed to simplify the deployment, operation, and scalability of your private mobile network. AWS provides all the necessary hardware and software for this service. With AWS Private 5G, you can create private mobile networks that leverage the technological advantages of 4G LTE or 5G while preserving the security and control features typical of a private network.
Ericsson	NetCloud Privat Networks	NetCloud Private Networks is a comprehensive private cellular network solution that utilizes existing Wi-Fi investments to streamline the challenges associated with private cellular network management, which has previously limited its adoption by enterprises. This cloud-native extension of Cradlepoint's NetCloud Service offers scalability, straightforward deployment, robust security measures, and easy integration with IT infrastructure.

 

SEGMENTATION

The Global 5G Private Network Market has been analyzed through the following segments:

• By Component
  • RAN
  • 5G Core
  • Transport
  • Edge Server
• By Application
  • Industrial Equipment
  • AGVs
  • Security
  • Others
• By Band
  • Sub-6 GHz
  • MmWave
• By Industrial Vertical
  • Manufacturing
  • Oil & Mining
  • Logistics/Warehouses
  • Healthcare
  • Others
• By Geography
  • Americas
    • United States
    • Others
  • EMEA
    • Germany
    • UK
    • Others
  • APAC
    • China
    • Japan
    • South Korea
    • Others

1. INTRODUCTION

1.1. Market Overview

1.1.1. Private Networks: From 4G to 5G

1.1.2. Public vs Private 5G

1.2. Market Definition

1.3. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Bandwidth Availability

4.4. Number of Users

5. GOVERNMENT REGULATIONS/POLICIES

6. PRIVATE 5G MARKET, BY COMPONENT 

6.1. Introduction

6.2. RAN

6.3. 5G Core

6.4. Transport

6.5. Edge Server

7. PRIVATE 5G MARKET, BY APPLICATION 

7.1. Introduction

7.2. Industrial Equipment

7.3. AGVs

7.4. Security

7.5. Others

8. PRIVATE 5G MARKET, BY BAND

8.1. Introduction

8.2. Sub-6 GHz

8.3. mmWave

9. PRIVATE 5G MARKET, BY INDUSTRY VERTICAL

9.1. Introduction

9.2. Manufacturing

9.3. Oil & Mining

9.4. Logistics/Warehouses

9.5. Healthcare

9.6. Others

10. PRIVATE 5G MARKET, BY GEOGRAPHY

10.1. Introduction

10.2. Americas

10.2.1. United States

10.2.2. Others

10.3. Europe, Middle East and Africa

10.3.1. Germany

10.3.2. UK

10.3.3. Others

10.4. Asia Pacific

10.4.1. China

10.4.2. Japan

10.4.3. South Korea

10.4.4. Others

11. RECENT DEVELOPMENT AND INVESTMENTS

12. COMPETITIVE ENVIRONMENT AND ANALYSIS

12.1. Major Players and Strategy Analysis

12.2. Vendor Competitiveness Matrix

13. COMPANY PROFILES

13.1. Samsung Electronics

13.2. Telefonaktiebolaget LM Ericsson

13.3. Nokia Corporation

13.4. Verizon

13.5. AT&T Inc.

13.6. Cisco Systems, Inc.

13.7. NTT Group

13.8. Amazon Web Services, Inc.

13.9. Celona Inc

13.10. Microsoft Corporation

Samsung Electronics

Telefonaktiebolaget LM Ericsson

Nokia Corporation

Verizon

AT&T Inc.

Cisco Systems, Inc.

NTT Group

Amazon Web Services, Inc.

Celona Inc

Microsoft Corporation