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Private 5G Network Market Share

Report ID: GMI7737
Published Date: Dec 2023
Report Format: PDF

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Private 5G Network Market Share

AT&T Inc, Verizon Communications and Deutsche Telekom hold a dominant position in the private 5G network business. Companies are focusing on continuous product innovation, enhancing their private 5G network components with advanced features, improved user interfaces, and compatibility with emerging technologies to stay competitive. To stay competitive, AT&T Inc focuses on continuous innovation. This involves adopting emerging technologies, exploring 6G development, and staying at the forefront of advancements in networking and connectivity.

Verizon Communications offers comprehensive network management solutions that allow businesses to monitor, control, and optimize their private 5G networks. This integration enhances the overall user experience and operational efficiency. Deutsche Telekom explore network slicing capabilities to offer dedicated portions of their 5G infrastructure for specific use cases. This enables them to provide isolated, high-performance networks for different applications within a single physical network.

Private 5G Network Market Companies

Major players operating in the private 5G network industry are:

AT&T Inc
Deutsche Telekom
Huawei Technologies Co., Ltd.
Juniper Networks
Mavenir
Nokia
Samsung Electronics Co., Ltd.
Telefonaktiebolaget LM Ericsson
Verizon Communications
ZTE Corporation

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of private 5G network was worth USD 2.1 billion in 2023 and is anticipated to register 40.5% CAGR between 2024 and 2032, owing to the increasing application potential in manufacturing, healthcare, logistics, and smart cities will push the adoption of private 5G networks to cater to industry-specific applications.

The unlicensed spectrum segment accounted for around 69% market share in 2023 and is anticipated to grow significantly because of the benefits of reliability, performance, security, regulatory compliance, and scalability in mission-critical as well as high-demand applications.

Asia Pacific region dominated around 38% share of the private 5G network market in 2023 and is poised for substantial growth as several governments across the region are placing efforts for supporting private 5G deployments through spectrum allocation and regulatory frameworks.

AT&T Inc, Deutsche Telekom, Huawei Technologies Co., Ltd., Juniper Networks, Mavenir, Nokia, Samsung Electronics Co., Ltd., Telefonaktiebolaget LM Ericsson, Verizon Communications, and ZTE Corporation.