Dublin, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The "U.S. Private 5G Network Market, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The U.S. private 5G network market is on an upward trajectory, poised to achieve an impressive valuation of $10.19 billion by 2030. This growth has been driven by a robust demand for dedicated and secure connectivity across various industries. The surge in adoption of private 5G networks by organizations spanning industrial, manufacturing, healthcare, transportation, logistics, mining, energy, and utilities sectors is catalyzing market expansion.
Responding to this escalating demand, numerous technology providers and telecommunication companies are heavily investing in advancing and implementing private 5G infrastructure and solutions. Their focus is on developing resilient and scalable network frameworks capable of supporting diverse applications and use cases across multiple industries.
Strategic Collaborations Steer Industry Growth
A prime example of this industry trend is the collaboration between Cisco Systems, Inc., a digital communications technology company, and NTT Limited, an information technology infrastructure and service company. In February 2023, they unveiled plans to drive private 5G adoption across sectors like healthcare, automotive, retail, logistics, and the public domain. Their joint initiative aims to co-innovate and deliver technology solutions and managed services, empowering enterprises to effectively deploy private 5G networks and achieve improved business outcomes.
Innovative Deployments Shape the Landscape
Global companies are actively launching private 5G networks in the U.S. For instance, NTT Limited announced the deployment of its 5G private network in Las Vegas during the Mobile World Congress 2022. This network is expected to support healthcare, government, businesses, and education. Notably, it's part of a comprehensive Net-Zero Action solution integrating cutting-edge technologies like 5G, edge computing, and the Internet of Things (IoT) to help companies achieve their carbon-zero goals.
Recovering from Disruptions: A Post-Pandemic Outlook
The global deployment of 5G encountered setbacks during the COVID-19 pandemic due to reduced network infrastructure spending and workforce limitations. Telecom providers shifted focus towards focused capacity coverage due to investment and resource scarcities. Supply chain disruptions led to significant component shortages, further hindering 5G rollout.
However, as the world emerges from the pandemic, enterprises are expected to invest in service offerings facilitating new work approaches. Technologies such as the Internet of Things (IoT), Augmented Reality (AR), Virtual Reality (VR), and Software-Defined Wide Area Networking (SD-WAN) are regaining attention. To effectively integrate these technologies, enterprises are embracing ultra-high-speed connectivity, driving the growth of the private 5G network industry in the foreseeable future.
U.S. Private 5G Network Market: Notable Insights
- The services segment is anticipated to be the fastest-growing, driven by demand for expertise in managing and deploying private 5G networks.
- The mmWave segment is projected to grow at the highest CAGR due to the need for low-latency, high-speed wireless communication.
- The unlicensed/shared segment is expected to surge due to its accessibility and flexibility benefits in logistics, manufacturing, and smart cities.
- The manufacturing/factories segment held the largest market share in 2022, driven by private 5G network deployment for real-time monitoring, automation, and control of industrial processes.
In an era where connectivity drives innovation, the U.S. private 5G network market is primed to carve a pivotal role in enhancing operational efficiency across diverse industries.
Market Dynamics
- Driver Impact Analysis
- Rising Implementation of Highly Secured 5G Network Infrastructure Across Several Enterprise and Industrial Use Cases
- Robust Deployment of Next-Generation Private 5G Network Infrastructure Across Smart Cities Applications
- Challenge Impact Analysis
- Deployment and Operational Complexities
- Opportunity Impact Analysis
- Rising Investments to Implement Private 5G Network Infrastructure and Solutions by the Key Market Players and End-use Customers
Key Topics Covered
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 U.S. Private 5G Network Market Variables and Trends
Chapter 4 U.S. Private 5G Network Market: Component Estimates & Trend Analysis
Chapter 5 U.S. Private 5G Network Market: Frequency Estimates & Trend Analysis
Chapter 6 U.S. Private 5G Network Market: Spectrum Estimates & Trend Analysis
Chapter 7 U.S. Private 5G Network Market: Verticals Estimates & Trend Analysis
Chapter 8 U.S. Private 5G Network Market - Competitive Landscape
Companies Mentioned
- AT&T, Inc.
- Altiostar
- Cisco Systems, Inc.
- Nokia Corporation
- Samsung Electronics Co. Ltd.
- Telefonaktiebolaget LM Ericsson
- T-Systems International GmbH
- Vodafone Group PLC
- Verizon Communications, Inc.
- Mavenir
- Broadcom, Inc.
- Qualcomm Incorporated
- Amazon Web Services, Inc.
- Celona, Inc.
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