Europe Private 5G Network Market Size Worth USD 54.24 Billion by 2034 | CAGR: 48.1%

The europe private 5G network market size is expected to reach USD 54.24 billion by 2034, according to a new study by Polaris Market Research. The report “Europe Private 5G Network Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software & Services), By Operational Frequency, By Spectrum, By Vertical, By Country; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A Europe private 5G network is a dedicated wireless system designed to provide enterprises with secure, high-speed, and low-latency connectivity tailored to their specific operational needs. This market is driven by the increasing deployment of ultra-reliable low-latency networks, which enable real-time communication for mission-critical applications such as automation, robotics, and immersive technologies. Organizations are leveraging these networks to enhance operational efficiency, improve productivity, and support advanced industrial and enterprise applications that require immediate data transmission without interruptions. The combination of dedicated connectivity and reliable performance is making private 5G service an essential infrastructure for modern businesses.

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The integration of advanced AI and edge computing technologies is contributing to the growth opportunities. Enterprises optimize decision-making, reduce operational delays, and implement predictive solutions across their operations by combining high-speed connectivity with on-site data processing and intelligent analytics. This convergence allows for more efficient resource management, enhanced safety, and the ability to deploy innovative applications that were previously limited by network constraints. The collaboration between Europe Private 5G Networks and intelligent computing solutions is transforming how organizations operate, driving both technological advancement and business value.

Top of FormEurope Private 5G Network Market Report Highlights

• In terms of component, the hardware segment dominated with 73.33% revenue share in 2024, as private 5G deployments require extensive physical infrastructure such as base stations and edge devices to function effectively.
• Based on operational frequency, the mmWave segment will grow at a 47.7% CAGR, due to its ability to support ultra-fast speeds and near-instant response times for data-heavy applications.
• Germany led the Europe market with 27.71% share in 2024, benefiting from its strong industrial base and early embrace of smart manufacturing technologies.
• The UK market is expected to register a CAGR of 48.5% by 2034, driven by smart city initiatives, healthcare digitization, and logistics modernization.
• A few key players in the Europe private 5G network market include BT Group; Cellnex Telecom; Cisco Systems, Inc.; Deutsche Telekom AG; Ericsson; Nokia Corporation; NTT DATA; Orange Business; Telefónica Tech; and Vodafone Group Plc.

Polaris Market Research has segmented the Europe private 5G network market report on the basis of component, operational frequency, spectrum, vertical, and country:

By Component Outlook (Revenue, USD Billion, 2020–2034)

• Hardware
  • Radio Access Network
  • Core Network
  • Backhaul & Transport Interconnecting
• Software & Services
  • Installation & Integration
  • Data Services
  • Support & Maintenance

By Operational Frequency Outlook (Revenue, USD Billion, 2020–2034)

• Sub-6 GHz
• mmWave

By Spectrum Outlook (Revenue, USD Billion, 2020–2034)

• Licensed
• Unlicensed/Shared

By Vertical Outlook (Revenue, USD Billion, 2020–2034)

• Manufacturing
• Food & Beverages

• Automotive
• Pharmaceuticals
• Electrical & Electronics
• Heavy Machinery
• Clothing & Accessories
• Other Manufacturing Verticals

• Energy & Utilities
• Transportation & Logistics
• Aerospace & Defense
• Government & Public Safety
• Corporates/Enterprises
• Mining
• Healthcare
• Oil & Gas
• Others

By Country Outlook (Revenue, USD Billion, 2020–2034)

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe