Global Private 5g Network Market Size & Outlook, 2023-2030
Global private 5g network market, 2020-2030 (US$M)
Related Markets
Global private 5g network market highlights
- The global private 5g network market generated a revenue of USD 2,021.8 million in 2023 and is expected to reach USD 36,300.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 51.1% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 1,098.8 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,021.8 million |
| Market revenue in 2030 | USD 36,300.3 million |
| Growth rate | 51.1% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2020 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 31.6% of the global private 5g network market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 431.2 million by 2030.
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Private 5G Network Market Scope
Private 5G Network Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global private 5g network market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to private 5g network market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 54.35% in 2023. Horizon Databook has segmented the Global private 5g network market based on hardware, software, services covering the revenue growth of each sub-segment from 2020 to 2030.
The internet has emerged as a widespread information infrastructure over the past few years. The wide availability and ease of accessing information have resulted in a large number of data users. Moreover, the rising trend of Bring Your Own Devices (BYOD) and operating enterprise data centers has led to its increasing demand for highly secured and unified internet connectivity.
The commercialization of 5G-enabled devices is anticipated to create numerous uses ranging from simple applications such as Virtual Reality (VR) & Augmented Reality (AR) and Ultra-High Definition (UHD) video meetings to other applications including managing remotely deployed assets and monitoring business processes remotely. Resultantly, It has surged the demand for improved bandwidth connectivity for the aforementioned enterprise applications.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global private 5g network market , including forecasts for subscribers. This global databook contains high-level insights into Global private 5g network market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Global private 5g network market size, by regions, 2020-2030 (US$M)
Top 10 countries: Private 5g network market size, 2023 (US$M)
Global private 5g network market share, by component, 2023 & 2030 (%, US$M)
Private 5g network market: Opportunity assessment by country
Global private 5g network market, by region, 2023 (US$M)
Related regional statistics
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