According to a market report by Lucintel, the future of the global private 5G market looks promising with opportunities in the BFSI, manufacturing, energy & utilities, retail & e-commerce, healthcare, transportation & logistics, aerospace & defense, media & entertainment, and IT & telecommunication sectors. The global private 5G market is expected to reach an estimated $10.4 billion by 2030 with a CAGR of 23.6% from 2024 to 2030. The major drivers for this market are the rising adoption of cloud computing and IoT-based technology, growing preference for remote monitoring and surveillance, and increasing need for security and privacy in enterprise networks.A more than 150-page report to understand trends, opportunity and forecast in private 5G market to 2031 by component (hardware, software, and services), spectrum (licensed and unlicensed/shared), deployment type (on-premise and cloud), end use industry (BFSI, manufacturing, energy & utilities, retail & e-commerce, healthcare, transportation & logistics, aerospace & defense, media & entertainment, IT & telecommunication, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the component category, the software is expected to witness the highest growth over the forecast period due to its ability to swiftly adjust to new conditions and requirements.
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In terms of regions, APAC is expected to witness the highest growth over the forecast period due to the existence of major manufacturing units, continuous expansion of smart cities, and presence of key players in the region.
Affirmed Networks, Airspan Networks, At&T, Celona, Ciena, Cisco Systems, Comba Telecom Systems Holdings, Commscope, Dell, Deutsche Telekom are the major suppliers in the private 5G market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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