Global Private 5G Network Market Size Likely to Expand at a CAGR of 54.3% By 2033

As per the current market research conducted by the CMI Team, the global Private 5G Network market size is expected to record a CAGR of 54.3% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 5.7 Billion. By 2033, the valuation is anticipated to reach USD 160.6 Billion.

Private 5G Network Market: Overview

According to industry experts at CMI, a private 5G network is defined as a unique 5G network architecture designed to fulfil the custom needs of a business, campus, or organization. Private 5G networks function independently and are frequently implemented for safe and personalized connectivity compared to public 5G networks.

The private 5G network industry is influenced by several variables, including the advent of industry 4.0, growing investment by private and public entities across the regions, rising collaboration among the key market players, rising government support, growing IoT deployment, growing need for enhanced security and privacy and rising demand for customized solutions.

Private 5G Network Market: Growth Factors and Dynamics

Emergence of network slicing techniques

The whole point is that network operators can take advantage of it if they correctly identify professional markets, their precise technical requirements in terms of data rate, tolerable latency, and the massive number of connections used to send and receive packets and provide them with what they require through professional service level agreements.

Even though numerous independent private networks support corporations, many enterprise clients hesitate to invest in and expand their networks. They do not need network-level isolation infrastructure. Service level assurance is significantly more critical for them.

This enables operators to cope with them and provide Network-as-a-Service (NaaS) options by incorporating the ‘network slicing’ function, which allows the operator to ensure corporate customers receive a certain level of service by implementing functional level separation. Several mobile network operators utilize a technology known as “network slicing” on LTE networks.

This feature grants the operator access to network slices in the RAN, allowing them to link the slices in response to any application. With 5G, MNOs can better partition resources and give various classes of rate, range, security, and other technical aspects to business-critical and mission-critical use cases.

Rising partnership

The increasing collaboration is expected to offer a potential opportunity for the private 5G network sector growth. For instance, in October 2024, Nokia collaborated with NTT DATA. The collaboration between the companies is intended to accelerate Private 5G transformation in sectors like airports and smart cities.

The collaboration addresses the growing need and demand for reliable and modern connectivity solutions for crucial business and municipal activities, and it has already proven successful with major customers.

Difficult to integrate with existing infrastructure

Efficient 5G private networks integrate with current systems and technologies, including IoT devices, legacy networks, 3G/4G networks, and Wi-Fi. Technologies might differ for various applications. Some applications may benefit from 5G’s high data speeds and low latency, but some have particular IoT applications requiring low power and extended range, such as LoRaWAN.

The coexistence of such disparate systems and equipment in the same environment might cause compatibility concerns, which must be addressed to enable seamless integration. Therefore, the difficulty of integrating with existing infrastructure might pose a significant challenge for the industry expansion.

Report Scope

Private 5G Network Market: New Launches and Acquisitions

• In October 2024, Samsung Electronics Co., Ltd. and KT Corporation were selected to deploy a Private 5G network for the ‘Smart Naval Port’ project by the Republic of Korea (ROK) Navy.

List of the prominent players in the Private 5G Network Market:

• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• Samsung Electronics Co. Ltd.
• ZTE Corporation
• Deutsche Telekom Group
• AT&T Inc.
• Juniper Networks Inc.
• Verizon Communications
• Altiostar
• HUAWEI TECHNOLOGIES CO. LTD.
• Mavenir
• T-Systems International GmbH
• Cisco Systems Inc.
• Vodafone Group Plc
• BT Group
• Others

The Private 5G Network Market is segmented as follows:

By Component

• Hardware
• Software
• Services

By Frequency

• Sub-6 GHz
• mmWave

By Spectrum

• Licensed
• Unlicensed/Shared

By Enterprise Size

• Small & Medium Enterprises
• Large Enterprises

By Vertical

• Manufacturing/Factories
• Energy & Utilities
• Transportation & Logistics
• Defense
• Enterprises & Campus
• Mining
• Healthcare/Hospitals
• Oil & Gas
• Retail
• Agriculture
• Smart Cities
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America