U.S. Private 5G Network Market Growing at 34.0% CAGR to Hit US$ 27.94 billion By 2034

U.S. Private 5G Network Market Size Worth USD 27.94 Billion by 2034 | CAGR: 34.0%


The U.S. private 5G network market size is expected to reach USD 27.94 billion by 2034, according to a new study by Polaris Market Research. The report “U.S. Private 5G Network Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software & Services), By Operational Frequency, By Spectrum, By Vertical; 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 infrastructure designed to provide enterprises with secure, high-speed, and reliable connectivity tailored to their operational requirements. The increasing integration of IoT technology and automation is transforming industries by enabling seamless connectivity among machines, devices, and systems, thereby boosting market growth. The ability of private 5G to support massive device density with ultra-low latency makes it an essential enabler of smart operations, predictive analytics, and real-time decision-making. This trend reflects a strong shift toward digital-first ecosystems, where private 5G serves as the foundation for building intelligent and interconnected business environments.

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The U.S. private 5G network market is driven by the increasing role of AI-driven network management, which is redefining how enterprises operate and scale their communication infrastructure. Organizations are leveraging AI to predict traffic patterns, optimize bandwidth allocation, and enhance security without manual intervention by integrating intelligence into network orchestration. This reduces complexity, ensures uninterrupted performance, and allows businesses to focus on innovation rather than network maintenance. As a result, the fusion of private 5G and AI-driven management is creating a new pattern of highly efficient, self-optimizing networks that can adapt to evolving enterprise needs with greater agility.

Top of FormU.S. Private 5G Network Market Report Highlights

  • In terms of component, the hardware segment dominated 2024 revenue, capturing a 76.73% share. High demand for core network equipment, small cells, and RAN solutions needed to build secure networks drove this dominance.
  • Based on operational frequency, the mmWave segment is expected to grow at a 47.7% CAGR during 2025–2034. This growth is fueled by its capacity to provide ultra-high bandwidth and extremely low-latency connections.
  • In terms of spectrum, the unlicensed/shared spectrum segment held a 73.63% share in 2024. Its popularity stems from offering deployment flexibility while avoiding the cost and complexity of licensed spectrum.
  • Based on vertical, the healthcare segment is expected to be the fastest-growing segment, with a 49.2% CAGR. This is driven by the rising use of telemedicine, connected devices, and digital health tech.
  • A few key market players include Amazon Web Services, Inc.; AT&T; Betacom Inc; Boingo Wireless, Inc.; CELONA INC.; Federated Wireless; KORE Wireless; Microsoft (Azure Private 5G); TMobile USA, Inc.; and Verizon.

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

By Component Outlook (Revenue, USD Billion, 20202034)

  • 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