Global Private 5G Network Report 2025, Forecast To 2034

24 Mar, 2025

How Has the Private 5G Network Market Size Evolved in Recent Years?

The private 5g network market has seen considerable growth due to a variety of factors.
• The size of the private 5G network market has seen a significant expansion in the last few years. The market is projected to expand from $3.42 billion in 2024 to $5.1 billion in 2025, with a compound annual growth rate (CAGR) of 49.1%.
This growth in the previous phase can be linked to advancements in technology, a surge in demand for data protection, industry-related needs, the spread of the internet of things (IoT), and the necessity for low latency communication.

What Is The Forecast For The Private 5G Network Market Size?

The private 5g network market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience substantial expansion in the coming years, the market size of private 5G networks is predicted to reach $25.04 billion in 2029, with a compound annual growth rate (CAGR) of 48.9%.
Various factors that contribute to this predicted growth within the forecasting period include the advent of industry 4.0, the broadening of initiatives aimed at smart cities, the increasing draw of edge computing applications, the rise in telemedicine and remote work, and the escalating use of applications for augmented reality (AR) and virtual reality (VR). Other notable trends within the forecasting period encompass the integration of artificial intelligence (AI), cultivation of hybrid network models, emphasis on network slicing for personalization, greater use of private 5G in industrial automation, and extension of private 5G networks into rural regions.

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What Are The Essential Drivers Behind The Growth Of The Private 5G Network Market?

Anticipation surrounds the private 5G network market, as the growing utilization of the Internet of Things (IoT) is set to propel its growth. IoT entails a network of tangible objects furnished with software, sensors, and other technological aspects that allow connectivity and data exchange with other gadgets and systems over the internet. This soaring demand for IoT stems from factors including efficiency and productivity enhancement, cost-effectiveness, data insights, automation and control, novelty, and gaining a competitive edge. Private 5G networks utilize IoT's capabilities to support a plethora of applications like offering a secure, reliable, low-latency, high-speed network to advance technologies which enhance serviceability and facilitate real-time deterministic use cases. For example, predictions from US-based internet company, Akamai Technologies Inc., indicate that IoT connections in August 2022 are likely to witness a surge from 15.1 billion in 2021 to 23.3 billion in 2025. Hence, the escalating demand for IoT fuels the growth of the private 5G network market.

How Is The Global Private 5G Network Market Divided Into Key Segments?

The private 5G network market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Deployment Type: On-Premise, Cloud
3) By Frequency Band: Sub-6 GHz, mmWave
4) By Spectrum: Licensed, Unlicensed Or Shared
5) By Vertical: Banking, Financial Services And Insurance (BFSI), Manufacturing, Energy And Utilities, Retail And E-commerce, Healthcare, Infrastructure, Transportation And Logistics, Aerospace And Defense, Media And Entertainment, Other Verticals Subsegments:
1) By Hardware: Small Cells, Radio Access Network (RAN) Equipment, Core Network Equipment, Antennas, User Equipment
2) By Software: Network Management Software, Orchestration Software, Virtualization Software, Security Software
3) By Services: Consulting Services, Integration And Deployment Services, Managed Services, Support And Maintenance Services

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What Trends Are Shaping The Private 5G Network Market?

Major corporations that are active in the private 5G network sector are concentrating their efforts on the creation of enhanced 5G versions such as 5.5G, in order to meet the unique demands of their use cases. The 5.5G, otherwise known as 5G advanced, constitutes the forthcoming generation of 5G network technology, guaranteeing to offer speeds that are ten times faster than those provided by current 5G networks. An exemplar case in point is that of Huawei Technologies Co. Ltd., an ICT infrastructure and smart device supplier based in China, who in March 2024, disclosed their development of eight 5.5G innovation approaches to support operators in constructing such networks across all frequency bands. The key technological sectors impacted by these practices include the evolution of antennas, mmWave bandwidth, network intelligence in the RAN, and energy efficiency. This network can deliver downlink speeds of 10 Gbps, marking a significant upgrade compared to currently available 5G networks.

What Are The Regional Insights Into The Private 5G Network Market?

North America was the largest region in the private 5G network market in 2024. The regions covered in the private 5G network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.