The "Private 5G Network Market Share, Size, Trends, Industry Analysis Report, By Component Outlook; By Frequency; By Spectrum; By Vertical; By Regions - Segment Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global private 5G network market size is expected to reach USD 8.32 billion by 2027, according to the study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
A private 5G network is a cellular network which comprises of core network servers and cell sites to support the connectivity. Also, maximizes WAN connection to mobile end points. In addition, this network provides features such as network slicing, far lower latency, superior bandwidth, among others. Moreover, a private 5G network provides industries with high-performing networks and helps in operations of several technologies such as automated guided vehicles (AGVs), drones, sensor technology, heavy machinery automation, robotics, and others. To address wireless communication requirements in operations of industries, public safety and others is leading to rise in demand of private 5G networks.
Furthermore, in the wake of COVID-19 pandemic, the Wi-Fi hotspots are overloaded and the demand has increased significantly for higher capacity & data speeds. Therefore, incorporating of private 5G networks has increased among the private organization, regulators, manufacturers, and other potential users globally.
Factors such as demand & applications for real-time based networking and Time-sensitive Networking (TSN) has tremendously increased among several industry vertical such as oil & gas, manufacturing, aerospace, and transportation. Thus, due to this increased application & technological development are fueling the demand for private 5G network and is expected to witness significant growth during the forecast period.
Qualcomm Technologies Inc.
Huawei Technologies Co.
T-Systems International GmbH
Broadcom Inc. Ltd
Cisco Systems Inc.
Players in the market are focusing on developing new products and partnering with industrial manufacturers to establish a private 5G network-based devices on a private 5G network within the geographic footprint. For instance, in July 2020, Nokia has launched a commercial 5G standalone private wireless networking solution for businesses in the marketplace that would accelerate digitalization in different sectors.
Key Topics Covered:
2. Executive Summary
3. Research Methodology
4. Private 5G Network Market Insights
4.1. Private 5G Network - Industry snapshot
4.2. Private 5G Network Market Dynamics
4.2.1. Drivers and Opportunities
126.96.36.199. Increasing adoption of private networks
188.8.131.52. Government backed funding
4.2.2. Restraints and Challenges
184.108.40.206. High upfront costs
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Private 5G Network Market Industry trends
5. Private 5G Network Market Assessment by Component
5.1. Key Findings
5.2.1. Global Private 5G Network Market, By Component, 2020-2027 (USD Million)
6. Global Private 5G Network Market, by Frequency
6.1. Key Findings
6.3. Sub-6 GHZ
7. Global Private 5G Network Market, by Spectrum
7.1. Key Findings
8. Private 5G Network Market Assessment by Vertical
8.1. Key Findings
8.4. Energy & Utilities
8.5. Transportation & Logistics
8.6. Aerospace & Defense
8.7. Government & Public Safety
8.11. Oil & Gas
9. Private 5G Network Market Assessment by Geography
9.1. Key findings
9.3. Private 5G Network Market - North America
9.4. Private 5G Network Market - Europe
9.5. Private 5G Network Market - Asia-Pacific
9.6. Private 5G Network Market - Middle East & Africa
9.7. Private 5G Network Market - Latin America
10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
11. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/eqde6l
View source version on businesswire.com: https://www.businesswire.com/news/home/20210301005512/en/
Laura Wood, Senior Press Manager
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