A private 5G network is a wireless local area network (LAN) that uses 5G-enabled technologies to create a network with dedicated bandwidth and infrastructure that meets a company’s specific connectivity needs. Private 5G networks are nonpublic mobile networks that can use licensed, unlicensed, or shared spectrum.
A private 5G network allows large enterprise and public sector customers to bring a custom-tailored 5G experience to indoor or outdoor facilities where high-speed, high-capacity, low-latency connectivity is crucial, regardless of whether or not the premises is within a public 5G coverage area. It also addresses the need for dedicated bandwidth capacity and range, security, high-quality connections and consistent, always-on service to help reduce downtime.
According to the new market research report “Private 5G Networks – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Private 5G Networks market size is projected to reach USD 30.05 billion by 2029, at a CAGR of 79.7% during the forecast period.
- Global Private 5G Networks MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Private 5G Networks – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Private 5G Networks Top19Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Private 5G Networks – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of Private 5G Networks include Nokia, Ericsson, Huawei, Samsung, ZTE, China Mobile, China Unicom, Verizon, Deutsche Telekom, Vodafone, etc.
In 2022, the global top five players had a share approximately 50.0% in terms of revenue.
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