Private 5G Network Market: Opportunities and Forecast Assessment, 2020–2027

 

The GMI Research expects the private 5G network market to expand at a significant rate. From a regional perspective, North America is predicted to lead the market due to the rapid technological advancement and increasing digitalization of sectors, such as energy & utilities, automotive, aerospace & defense, healthcare, and manufacturing.

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Private 5G Network Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The global private 5G network market is predicted to witness an upsurge in demand during the forecast period due to the increasing digital transformation of companies due to the advent of the 4th industrial revolution with advances in robotics, 3D printing, artificial intelligence (AI), genetic engineering, the Internet of Things (IoT), quantum computing, and other technologies. Moreover, private 5G network offer various benefits, such as network flexibility, ultra-connectivity, high bandwidth connections, artificial intelligence-driven applications support, convenient and efficient operation, maintains service performance, among other advantages, thus propelling the growth of the private 5G network market size.

Private 5G network combines advanced communication technologies, such as 5G radio and network slicing that provides various dedicated networks and on-demand virtualized network resources. This factor is projected to decrease the enterprise's network investment and operation costs, thus fuelling the demand for a private 5G network. The rising demand for high-speed bandwidth connectivity during real-time-based networking and end-to-end security across multiple industries includes oil and gas, manufacturing, aerospace, government, transportation, and public safety, is predicted to bring new growth opportunities to the market. On the other hand, the growing cost regarding the development and maintenance cost of the 5G infrastructure will hinder the growth of the private 5G network market. Furthermore, the rising concern for cyber-attacks, such as Mobile Network Mapping (MNmap) attacks, Denial of Service (DoS) attacks, mobile identity capture, malware delivery, and DNS spoofing attack, is a major factor hampering the market growth.

Frequency Segment Drivers

Based on frequency, the sub-6 GHz frequency segment of the private 5G network market is expected to dominate the market during the forecast period due to fewer penetration losses, higher signal data rates, and more transmission reflections than mm-wave.

Private 5G Network Market’s leading Manufacturers:

·        Qualcomm Technologies, Inc.

·        Deutsche Telekom AG

·        Telefonaktiebolaget LM Ericsson

·        Nokia Corporation

·        AT&T Inc.

·        Verizon Communications, Inc.

·        Broadcom Inc.

·        Huawei Technologies Co., Ltd

·        T-Systems International GmbH

·        Cisco Systems, Inc.

Private 5G Network Market Segmentation:

Segmentation by Component:

·        Hardware

o    Radio Access Network

o    Core Network

o    Backhaul & Transport Interconnecting

·        Services

o    Installation & Integration

o    Data Services

o    Support & Maintenance

Segmentation by Frequency:

·        Sub-6 GHz

·        mmWave

Segmentation by Spectrum:

·        Licensed

·        Unlicensed/Shared

Segmentation by Industry:

·        Manufacturing

·        Energy & Utilities

·        Transportation & Logistics

·        Aerospace & Defence

·        Government & Public Safety

·        Enterprises

·        Mining

·        Healthcare

·        Oil & Gas

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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