[Latest] Private 5G Network Market Size, Forecast, Analysis & Share Surpass US$ 41.80 Billion By 2030, At 49.7% CAGR

Global Private 5G Network Market

The global Private 5G Network market size was estimated at USD 1.45 billion in 2021 and is expected to reach USD 1.80 billion in 2022 and is expected to hit around USD 41.80 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 49.7% from 2022 to 2030.

Private 5G is a mobile network technically similar to a public 5G network; however, it is a nonpublic mobile network that enables owners with priority access or licensing for its wireless spectrum. Compared with private LTE, a private 5G network offers lower latency, high bandwidth, faster data transmission, and massive connections suitable for a wide range of business-oriented applications.

In addition, these types of networks are comparatively more customizable than public networks. Such network ranges can cover an area of a few thousand square feet to loads of square kilometers, depending upon the power of the radio transmitter, the needs of the user, and the band being used.

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The Private 5G Network Market: Overview

Envisioned for nonpublic usage, the private 5G network has become one of the prominent digital transformation trends among industries, enterprises, and governments across the globe. In enterprises, a private 5G network is helping to ensure dedicated bandwidth for ultra-reliable low-latency applications, including industrial IoT and robotics, with control over security, data, and networks. Moreover, the private 5G network is helping transform processes within industries such as manufacturing, energy, logistics, and mining. For instance, transaction and processing speeds of private 5G network, coupled with their reliability, is projected to support technologies such as collaborative mobile robots, swarm intelligence, augmented reality (A.R.), autonomous machines, and predictive maintenance.

An increasing number of countries are rolling out private 5G networks to augment present capabilities and introduce new possibilities for leading industrial players. For instance, in 2021, Germany issued 5G personal licenses to about 33 companies, including BASF, BMW, Bosch, Siemens, Volkswagen, and Lufthansa, among others, to run exclusive networks. Also, countries such as France, the U.S., the U.K., and Australia are actively introducing policies to roll out private 5G networks.

The Private 5G Network Market: Growth Factors

The ongoing development of smart cities is fueling the growth of the global private 5G network market. Smart cities use IoT to collect real-time data to understand demand patterns better and respond with lower-cost and faster solutions. As per the IoT trends, the number of connected devices globally is expected to increase to 75 billion by 2025. This creates unprecedented data that can help cities make informed decisions about projects that will significantly benefit the residents.

An existing 4G network was mainly intended for augmenting mobile data services; however, it suffers from several limitations, including high power consumption, poor support for simultaneous connections, and too high a price per bit. This has created a demand for 5G to eliminate the limitations above and unlock the IoT’s potential coupled with innovative city development. Therefore, smart city development around the globe is fueling demand for private 5G networks. For instance, the $50 million Smart Cities and Suburbs Program conducted from 2017 – 2019 by the Australian Government aimed to support the delivery of innovative smart city projects to improve the productivity, liveability, and sustainability of towns and cities across Australia.

5G technology has become a significant breakthrough in the global telecom sector and is projected to transform almost all other sectors.

Hence, the countries are introducing infrastructure development plans that fuel the growth of the private 5G network market. For instance, in June 2022, democratic nations in the Group of Seven (G7) Summit, including Canada, France, Japan, Germany, Italy, the United Kingdom, and the United States, introduced a Partnership for Global Infrastructure and Investment to support the development of quality and sustainable infrastructure in middle-income and developing countries. Through this partnership, G7 nations are aimed at mobilizing about $600 billion in private and public funding for infrastructure by 2027 to make healthcare, energy, and telecommunications more accessible.

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The Private 5G Network Market: Key Insights

A) As per the analysis shared by our research analyst, the Private 5G Network market is estimated to grow annually at a CAGR of around 49.7% over the forecast period (2022-2030).
B) In terms of revenue, the Private 5G Network market size was valued at around USD 1.45 Billion in 2021 and is projected to reach USD 41.80 Billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) The 5G standard demands a much higher data rate, high reliability, ultra-low latency, and security. However, fourth generation (4G) wireless communication technology LTE and LTE advanced has been deployed all over the globe.
D) Organizations willing to deploy private 5G networks heavily invest in new infrastructure to ensure their existing devices are 5G-ready. This creates lucrative growth opportunities for the market. Also, the leading telecom operators around the globe are expanding their private 5G network offerings.
E) Deployment of a private 5G network is overgrowing globally; however, enterprises still need to work on the technology’s costs, competition from well-known alternatives such as Wi-Fi 6, and device limitations.

The Private 5G Network Market: Regional Analysis 

North America now holds the leading position in the global market and is expected to continue to do so over the projection period. Growth of the market in this region is mainly attributed to an increase in spending on developing private 5G network infrastructure by significant service providers such as Verizon Communications and AT&T Inc. For instance, in March 2021, AT&T announced its long-term goals to provide AT&T’s reliable, fast, and secure private 5G network to more businesses, consumers, and first responders across critical areas, including sports & venues, business transformation, entertainment, travel & transportation, and security & public safety. However, between 2016 and 2020, AT&T invested over $105 billion in its Wireless and Wireline Networks.

During the forecast period, a significant growth rate is expected for the Asia-Pacific area. The growing investment influenced this market expansion in the development of automated factories and the acquisition of a 5G spectrum among countries such as China, South Korea, Japan, and Australia. In addition, industrial players such as ABB Ltd., Siemens AG, and Mercedes Benz are rapidly moving towards the development of automated factories in this region, creating lucrative growth opportunities for the market.

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The Private 5G Network Market: Key Players

Telefonaktiebolaget LM Ericsson
Nokia Corp.
ZTE Corp.
Deutsche Telekom
Juniper Networks
AT&T Inc.
Verizon Communications
Huawei Technologies Co. Ltd.
BT Group

The Private 5G Network Market: Segments

By Component


By Frequency

Sub-6 GHz

By Spectrum


By Industry Vertical

Energy & Utilities
Transportation & Logistics
Enterprises & Campus
Oil & Gas
Smart Cities

The Private 5G Network Market: Geography

North America

The U.S.


The UK
Rest of Europe

Asia Pacific

South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
South Africa
Rest of the Middle East & Africa

Latin America

Rest of Latin America

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