Private 5G Network Market Size Worth USD 193.79 Billion by 2034 | CAGR: 48.7%

The private 5G network market size is expected to reach USD 193.79 billion by 2034, according to a new study by Polaris Market Research. The report “Private 5G Network Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software & Services), By Operational Frequency, By Spectrum, By Vertical, By Region; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A private 5G network can be defined as a dedicated wireless communication infrastructure designed to deliver secure, high-speed, and low-latency connectivity for enterprise-specific applications. The market is witnessing growth due to the increasing integration of private 5G with advanced automation technologies, enabling industries to enhance operational efficiency, streamline workflows, and support mission-critical processes in real time. This convergence allows organizations to unlock the potential of AI, IoT technology, and edge computing within controlled network environments, ensuring both performance consistency and data confidentiality. The role of private 5G as a foundation for next-generation industrial innovation continues to strengthen as enterprises aim for greater control over their connectivity solutions.

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The private 5G network market is driven by the rise of ecosystem collaboration among technology providers, network operators, and cloud service companies. This collaborative approach accelerates the deployment of scalable and flexible network solutions tailored to diverse enterprise needs. These partnerships are enabling more adaptive, future-ready connectivity models by combining expertise in network infrastructure with capabilities in cloud computing, analytics, and AI-driven management. This trend supports faster innovation cycles and also positions private 5G as a strategic enabler for long-term digital transformation across multiple industries.

Top of FormPrivate 5G Network Market Report Highlights

• In terms of component, the hardware segment dominated with 73.33% revenue share in 2024, driven by essential investments in radios, base stations, and core equipment for private 5G deployments.
• Based on operational frequency, the mmWave segment is expected to register the highest CAGR of 47.7% during the forecast period, fueled by its ultra-low latency capabilities enabling advanced applications such as AR/VR and autonomous systems.
• North America led with 45.97% global share in 2024, supported by advanced infrastructure, key industry players, and early adoption of next-gen connectivity.
• The market in Asia Pacific is expected to register the highest CAGR of 50.0% by 2034, propelled by industrial growth, infrastructure projects, and Industry 4.0 integration.
• A few global key players in the private 5G network market include Amazon; Cisco Systems; Ericsson; Fujitsu; Huawei Technologies Co., Ltd.; Mavenir; Microsoft; NEC Corporation; Nokia Corporation; and ZTE Corporation.

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

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 Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Vietnam
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa