Private 5G Network Market Share

  • Report ID: 5654
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Private 5G Network Market Share

North American Market Statistics

The private 5G network market in North America is anticipated to hold a share of about 35% by the end of 2037. Market growth in the region is expected on account of the presence of major solution providers like Qualcomm Technologies, Inc. and significant investments from some of the largest telecommunications companies, including AT&T and Verizon Communications, as they deploy their private 5G network infrastructure.

For instance, the new RAN Automation Platform for Qualcomm Private Networks was introduced by Qualcomm Technologies, Inc. to enable private networks to realize the full promise of 5G by simplifying and expediting the planning and provisioning of automated RAN operations and to provide complete, pre-integrated 5G private network solutions that are prepared for use cases relevant to particular industry verticals.

Additionally, market growth in North America is also impelled by the increasing demand for bandwidth with low latency connectivity within sectors such as public safety, oil and gas, and airspace security.

APAC Market Analysis

The Asia Pacific region will also encounter tremendous growth for the private 5G network market during the forecast period and will hold the second position, credited to the presence of manufacturers and their investments in automated production in the region. Significant investments to acquire the 5G spectrum are being made by key countries in the region, such as China, Japan, South Korea, and Australia, contributing to market growth.

Large-scale adoption of IoT technology and the development of intelligent cities are underway in the Asia-Pacific region. Massive connectivity needs for loT are supported by private 5G network applications and enable a seamless integration of smart city technologies.

Furthermore, the adoption of advanced technologies, including 5G, is being actively encouraged by governments in the Asia-Pacific region. According to the forecast, by the end of 2030, 5G penetration will reach 41 percent, up from 4 percent at the end of 2022.

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Author Credits:  Abhishek Verma


  • Report ID: 5654
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of private 5G network is evaluated at USD 3.59 billion.

The private 5G network market size was valued at USD 2.63 billion in 2024 and is set to exceed USD 341.42 billion by 2037, registering over 45.4% CAGR during the forecast period i.e., between 2025-2037. The market growth is impelled by growing number of web users, expanding speculations, improvements to the innovation framework, and cheaper information plans.

North America industry is estimated to account for largest revenue share of 35% by 2037, due to presence of major solution providers in the region.

The major players in the market include Telefonaktiebolaget LM Ericsson, ZTE Corp., Deutsche Telekom, Juniper Networks, AT&T Inc., Verizon Communications, Huawei Technologies Co., Ltd., Altiostar, SoftBank Corp
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