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North America Private 5G Networks Market Forecast to 2030
North America Private 5G Networks Market Forecast to 2030 – Regional Analysis – by Component (Hardware, Software, and Services), Frequency (Sub-6 GHz and mmWave), and End User (Manufacturing, Energy and Utilities, Automotive, Military and Defense, Government and Public Safety, and Others)
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Description
Increasing Demand for IoT Fuels North America Private 5G Networks Market
IoT devices generate substantial amounts of data, which needs to be transmitted quickly and consistently to be useful. Private 5G networks are dedicated to a single organization or industry, which empowers them to offer higher bandwidth, lower latency, and more reliable connectivity for IoT devices. Many IoT applications require real-time data processing. For example, self-driving cars are required to receive and process sensor data in real-time to make safe driving decisions. Private 5G networks can support these applications by providing ultra-low latency and high reliability. The adoption of massive IoT technologies such as NB-IoT and Cat-M is increasing significantly. For instance, in 2022, ~125 service providers have deployed or commercially launched NB-IoT networks, and nearly 56 have launched Cat-M, while 40 have deployed both technologies globally. By the end of 2022, the number of devices connected by these technologies got enhanced by added capabilities in the networks, enabling massive IoT to co-exist with 4G and 5G in frequency division duplex (FDD) bands via spectrum sharing. Additionally, in 2022, broadband IoT (4G/5G) connections reached 1.3 billion and connected the largest share of all cellular IoT devices. This segment mainly includes wide-area use cases that require higher throughput, lower latency, and larger data volumes than can be supported by Massive IoT devices. Private 5G networks can offer the bandwidth, latency, reliability, and security that IoT applications require. Therefore, the increasing requirement for IoT is creating a strong demand for private 5G networks. Industries across the globe are on the verge of adopting Industry 4.0 in order to completely transform their operations digitally. Private 5G connectivity plays an important role in this process. Many solution providers have begun to commercialize their private 5G solutions for aiding the industrial sectors across the globe.
North America Private 5G Networks Market Overview
The US, Canada, and Mexico are major countries in North America. North America is currently one of the largest markets for private 5G networks due to the presence of a number of factors, including a large number of enterprises and organizations that are early adopters of new technologies, a strong focus on innovation and digital transformation, government support for the deployment of 5G networks, and well-developed ecosystem of private 5G network providers. Further, the US is one of the world’s leading markets for private LTE and 5G wireless networks, accounting for 31% of the global market. Manufacturing/factories, energy/utilities, transportation/logistics, and the Department of Defense are the major verticals in the country that use private networks.
Moreover, American utility companies have made significant investments in securing the CBRS PAL (Priority Access License) spectrum at 900 MHz and 3.5 GHz inside their service zones. Ameren, Evergy, Hawaiian Electric, LCRA (Lower Colorado River Authority), SCE (Southern California Edison), SDG&E (San Diego Gas & Electric), Southern Company, and Xcel Energy are among the companies implementing 3GPP-based private wireless networks in support of grid modernization programs. Major players in the North America private 5G network market include AT&T, Verizon, T-Mobile US, Nokia, Ericsson, Cisco, Huawei, IBM, and Dell Technologies. Thus, the private 5G network market in North America is expected to continue to grow rapidly in the coming years as more and more enterprises and organizations recognize the benefits of deploying private 5G networks.
North America Private 5G Networks Market Revenue and Forecast to 2030 (US$ Million)
North America Private 5G Networks Market Segmentation
The North America private 5G networks market is segmented based on component, frequency, end user, and country. Based on component, the North America private 5G networks market is categorized into hardware, software, and services. The hardware segment held the largest market share in 2022.
In terms of frequency, the North America private 5G networks market is bifurcated into sub-6GHz and mmwave. The sub-6GHz segment held a larger market share in 2022.
By end user, the North America private 5G networks market is categorized into manufacturing, energy and utilities, automotive, military and defense, government and public safety, and others. The manufacturing segment held the largest market share in 2022.
Based on country, the North America private 5G networks market is segmented into the US, Canada, and Mexico. The US dominated the North America private 5G networks market share in 2022.
Cisco Systems Inc, Huawei Technologies Co Ltd, Nokia Corp, Telefonaktiebolaget LM Ericsson, T-Systems International GmbH, Verizon Communications Inc, Vodafone Group Plc, AT&T, Qualcomm Inc, and Amazon Web Services Inc are some of the leading companies operating in the North America private 5G networks market.
Summary Info
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According to the Research Team’ research, the North America private 5G networks market was valued at US$ 599.41 million in 2022 and is expected to reach US$ 8,211.43 million by 2030, registering a CAGR of 38.7% from 2022 to 2030. Increasing use of 5G small cells and rising digitalization across enterprises are among the critical factor attributed to the North America private 5G networks market expansion.
A small cell is a low-powered cellular base station that runs on many frequencies. Small cells, depending on their size, can have transmission ranges extending from 40 feet to a few kilometers. These tiny base stations communicate with the main cellular network by Ethernet, fiber, or wireless. In the consumer and commercial markets, indoor small cells are becoming more common. Small cells, in conjunction with distributed antenna systems and Wi-Fi networks, are increasingly enabling RF coverage. Companies are seeking to build their own private 5G network for corporate use cases will install some of these small cells. For example, according to Small Cell Forum, manufacturing, utility, energy, retail, and transportation industries are the largest investors in small cells due to their requirement to support wide geographic areas. Enterprises can establish a secure, reliable, low-latency, and high-speed private network on premises by combining a private 5G core with a small cell network. Airspan, Cisco, CommScope, Ericsson, NEC Corp, Nokia, and Samsung are among the prominent vendors in the 5G small cell market. Therefore, the adoption of 5G small cell is expected to remain a trend in the private 5G network market.
On the contrary, high deployment and maintenance cost hurdles the growth of North America private 5G networks market.
Based on component, the North America private 5G networks market is categorized into hardware, software, and services. The hardware segment held 53.8% market share in 2022, amassing US$ 322.59 million. It is projected to garner US$ 4,664.43 million by 2030 to expand at 39.6% CAGR during 2022-2030.
In terms of frequency, the North America private 5G networks market is bifurcated into sub-6GHz and mmwave. The sub-6GHz segment held 90.7% share of North America private 5G networks market in 2022, amassing US$ 543.72 million. It is projected to garner US$ 7,336.03 million by 2030 to expand at 38.4% CAGR during 2022-2030.
Based on end user, the North America private 5G networks market is segmented into manufacturing, energy and utilities, automotive, military and defense, government and public safety, and others. The manufacturing segment held 26.7% share of North America private 5G networks market in 2022, amassing US$ 160.14 million. It is projected to garner US$ 2,390.86 million by 2030 to expand at 40.2% CAGR during 2022-2030.
Based on country, the North America private 5G networks market has been categorized into the US, Canada, Mexico. Our regional analysis states that the US captured 82.7% share of North America private 5G networks market in 2022. It was assessed at US$ 495.47 million in 2022 and is likely to hit US$ 6,930.40 million by 2030, exhibiting a CAGR of 39.1% during 2022-2030.
Key players operating in the North America private 5G networks market are Cisco Systems Inc, Huawei Technologies Co Ltd, Nokia Corp, Telefonaktiebolaget LM Ericsson, T-Systems International GmbH, Verizon Communications Inc, Vodafone Group Plc, AT&T, Qualcomm Inc, and Amazon Web Services Inc, among others.
In October 2023, Logicalis has launched a new connectivity practice in conjunction with Cisco and, at the same time, announced a special milestone in delivering managed Cisco private 5G services.
In Jan 2023, Northrop Grumman Corporation, AT&T, and Fujitsu recently demonstrated 5G-enabled intelligence, surveillance, and reconnaissance (ISR) capabilities in Northrop Grumman’s new 5G lab. The demonstration integrated radios with Northrop Grumman’s tactical data links, AT&T’s private 5G network, and Fujitsu’s Open Radio Access Network (O-RAN) to transmit ISR data and video, proving our strength in connecting the battlespace. This is a critical step in building the digital battle network to support multi-domain operations.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America private 5G networks market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America private 5G networks market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Private 5G Networks Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. North America Private 5G Networks Market – Key Industry Dynamics
5.1 Private 5G Networks Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Demand for IoT
5.2.2 Rising Digitalization across Enterprises
5.3 Market Restraints
5.3.1 High Deployment and Maintenance Cost
5.3.2 Limited Coverage Area
5.4 Market Opportunities
5.4.1 Increasing Deployment of Time-Sensitive Networking in Automotive Industries
5.4.2 Growing adoption of Private 5G Networks in Mining Industry
5.5 Future Trends
5.5.1 Increasing use of 5G small cells
5.6 Impact of Drivers and Restraints:
6. Private 5G Networks Market – North America Market Analysis
6.1 Private 5G Networks Market Revenue (US$ Million), 2022 – 2030
6.2 Private 5G Networks Market Forecast and Analysis
7. North America Private 5G Networks Market Analysis – By Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Software
7.2.1 Overview
7.2.2 Software Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Services
7.3.1 Overview
7.3.2 Services Market, Revenue and Forecast to 2030 (US$ Million)
8. North America Private 5G Networks Market Analysis – By Frequency
8.1 Sub-6 GHz
8.1.1 Overview
8.1.2 Sub-6 GHz Market Revenue and Forecast to 2030 (US$ Million)
8.2 mmWave
8.2.1 Overview
8.2.2 mmWave Market Revenue and Forecast to 2030 (US$ Million)
9. North America Private 5G Networks Market Analysis – By End User
9.1 Manufacturing
9.1.1 Overview
9.1.2 Manufacturing Market Revenue and Forecast to 2030 (US$ Million)
9.2 Energy and Utilities
9.2.1 Overview
9.2.2 Energy and Utilities Market Revenue and Forecast to 2030 (US$ Million)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive Market Revenue and Forecast to 2030 (US$ Million)
9.4 Military and Defense
9.4.1 Overview
9.4.2 Military and Defense Market Revenue and Forecast to 2030 (US$ Million)
9.5 Government and Public Safety
9.5.1 Overview
9.5.2 Government and Public Safety Market Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
10. North America Private 5G Networks Market – Country Analysis
10.1 North America
10.1.1 North America Private 5G Networks Market Overview
10.1.2 North America Private 5G Networks Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 North America Private 5G Networks Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 US Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 US Private 5G Networks Market Breakdown by Component
10.1.2.2.2 US Private 5G Networks Market Breakdown by Frequency
10.1.2.2.3 US Private 5G Networks Market Breakdown by End User
10.1.2.3 Canada Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Canada Private 5G Networks Market Breakdown by Component
10.1.2.3.2 Canada Private 5G Networks Market Breakdown by Frequency
10.1.2.3.3 Canada Private 5G Networks Market Breakdown by End User
10.1.2.4 Mexico Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Mexico Private 5G Networks Market Breakdown by Component
10.1.2.4.2 Mexico Private 5G Networks Market Breakdown by Frequency
10.1.2.4.3 Mexico Private 5G Networks Market Breakdown by End User
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Cisco Systems Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Huawei Technologies Co Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Nokia Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Telefonaktiebolaget LM Ericsson
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 T-Systems International GmbH.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Verizon Communications Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Vodafone Group Plc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 AT&T Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Qualcomm Inc
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Amazon Web Services Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Research Team
14.2 Word Index
LIST OF TABLES
Table 1. Private 5G Networks Market Segmentation
Table 2. Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Million) – Component
Table 4. Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Million) – Frequency
Table 5. Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Million) – End User
Table 6. North America Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. US Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 8. US Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn) – By Frequency
Table 9. US Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 10. Canada Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 11. Canada Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn) – By Frequency
Table 12. Canada Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 13. Mexico Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 14. Mexico Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn) – By Frequency
Table 15. Mexico Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn) – By End User
Table 16. Heat Map Analysis by Key Players
Table 17. List of Abbreviation
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LIST OF FIGURES
Figure 1. Private 5G Networks Market Segmentation, By Country
Figure 2. Ecosystem: Private 5G Networks Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Private 5G Networks Market Revenue (US$ Million), 2022 – 2030
Figure 5. Private 5G Networks Market Share (%) – Component, 2022 and 2030
Figure 6. Hardware Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Software Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Private 5G Networks Market Share (%) Frequency, 2022 and 2030
Figure 10. Sub-6 GHz Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. mmWave Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Private 5G Networks Market Share (%) End User, 2022 and 2030
Figure 13. Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Energy and Utilities Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Automotive Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Military and Defense Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Government and Public Safety Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. North America Private 5G Networks Market Revenue, By Key Country, (2022) (US$ Million)
Figure 20. Private 5G Networks Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 21. US Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Canada Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Mexico Private 5G Networks Market Revenue and Forecasts to 2030 (US$ Mn)
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The List of Companies – North America Private 5G Networks Market
1. Cisco Systems Inc
2. Huawei Technologies Co Ltd
3. Nokia Corp – Global
4. Telefonaktiebolaget LM Ericsson
5. T-Systems International GmbH
6. Verizon Communications Inc
7. Vodafone Group Plc
8. AT & T
9. Qualcomm Inc
10. Amazon Web Services Inc
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