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.
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.
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.
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.
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.
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.
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. |
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Private 5G Market Size in 2024 | US$4.041 billion |
| Private 5G Market Size in 2029 | US$15.560 billion |
| Growth Rate | CAGR of 30.94% |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2024 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | Americas, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Private 5G Market | |
| Customization Scope | Free report customization with purchase |
The Global 5G Private Network Market has been analyzed through the following segments: