Europe Private 5g Network Market Size & Outlook, 2023-2030
Europe private 5g network market, 2020-2030 (US$M)
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Europe private 5g network market highlights
- The Europe private 5g network market generated a revenue of USD 568.0 million in 2023.
- The market is expected to grow at a CAGR of 50% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 568.0 million |
| Market revenue in 2030 | USD 9,695.3 million |
| Growth rate | 50% (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 |
| Key market players worldwide | Telefonaktiebolaget L M Ericsson ADR, Nokia Oyj, Samsung Electronics Co Ltd, ZTE Corp Class H, Deutsche Telekom AG, Juniper Networks Inc, AT&T, Verizon Communications Inc, Rakuten Group Inc, Huawei Technologies, Mavenir, BT Group PLC, Cisco Systems Inc, Vodafone Group PLC |
Other key industry trends
- In terms of revenue, Europe region accounted for 28.1% of the global private 5g network market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,007.2 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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Europe 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 54.61% in 2023. Horizon Databook has segmented the Europe private 5g network market based on hardware, software, services covering the revenue growth of each sub-segment from 2020 to 2030.
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Our clientele includes a mix of private 5g network market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe private 5g network market , including forecasts for subscribers. This continent databook contains high-level insights into Europe private 5g network market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Europe private 5g network market size, by country, 2020-2030 (US$M)
Europe Private 5G Network Market Outlook Share, 2023 & 2030 (US$M)
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