Private 5G as a Service Market is expected to drive market expansion in the near future at a CAGR of 37.00% by 2032

Rising need for robust and secure 5G connection is expected to drive market expansion in the near future at a CAGR of 37.00% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Private 5G as a Service Market” that contains information from 2018 to 2032. The private 5G as a service market is estimated to register a CAGR of 37.00% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global private 5G as a service market - Amazon Web Services, Inc., Verizon, AT and T Intellectual Property, Anterix Inc., Nokia, Mavenir, Kyndryl Inc., Cisco Systems, Inc., Ericsson, and Infosys Limited.

Market Highlights

The global private 5G as a service market is accounted to register a CAGR of 37.00% during the forecast period and is estimated to reach USD 32.302 billion by 2032.

The demand for secure and dependable connectivity, the increased usage of IoT devices, and the necessity for low-latency, high-bandwidth applications are some of the drivers driving the global private 5G as a service market. However, the growth of the private 5G as a service business is being constrained by high deployment costs and regulatory barriers. On the other hand, it is anticipated that throughout the projection period, the development of private 5G as a service would present lucrative opportunities due to the innovation and transformation of private network services and the ongoing rise in internet users.

Segment Analysis

The global private 5G as a service market has been segmented into component, frequency band, deployment model, industry vertical, and spectrum.

On the basis of component, the market is segmented into Hardware, Software and Service. The hardware segment was attributed to holding the largest market share in 2022 due to the backhaul, transit, and core network infrastructure's increased global deployment. Additionally, as more businesses employ the solution to support activities that need high-speed, low-latency connectivity and data transfer capabilities, this market is growing.

Based on frequency band, the global private 5G as a service market has been segmented into Sub-6 GHz and mmWave. The sub-6 GHz segment was expected to hold the largest market share in 2022. Low band and mid band spectrum regions are covered in the sub-6 GHz frequency, with 6 GHz and below being the major focus. Many significant countries' governments recently made sub-6 GHz frequencies accessible for 5G services.

Based on deployment model, the global private 5G as a service market has been segmented into Standalone (SA) and Non-standalone (NSA). The standalone (SA) segment was expected to hold the largest market share in 2022. This is due to the fact that this deployment method provides high bandwidth and low latency, which makes them ideal for applications that require high-speed data transfer and exceptionally low latency, such industrial automation and autonomous vehicles.

On the basis of industry vertical, the market is segmented into Office Buildings, BFSI, Manufacturing, Transportation and Logistics, Healthcare, Media and Entertainment and Others. The manufacturing segment was attributed to holding the largest market share in 2022. The advancement is related to the sharp rise in demand for private 5G services to provide seamless connectivity to numerous devices, including Ultra-HD cameras, extended reality headsets, and AGVs.

On the basis of spectrum, the market is segmented into Licensed and Unlicensed/Shared. The unlicensed/shared segment was attributed to holding the largest market share in 2022. The notable growth is related to the growing demand for high-speed, low-cost private 5G networks. Unlicensed radio bandwidth is widely used in massive machine-type communications (mMTC), which is both freely available and highly preferred.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Private 5G as a Service Market Research Report

Regional Analysis

The global private 5G as a service market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe private 5G as a service market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The private 5G as a service market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World private 5G as a service market comprises of Middle East, Africa, and Latin America.

The largest market share for private 5G as a service was maintained by the North American regional sector. The primary reason for this is that many North American businesses are undergoing a digital revolution, which is raising demand for cutting-edge connectivity choices like private 5G networks.

Moreover, the Europe market has been persistently growing over the forecast period fueled by advancements in the Internet of Things and the increased desire for digital transformation. The expansion is also the result of significant service providers spending more money on the creation of personal 5G networks.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period because flexible and scalable installations are increasingly made possible by the usage of private 5G networks in the cloud. Important regional countries including China, Japan, South Korea, and Australia are investing a lot of money to buy 5G spectrum, which is promoting industry expansion.

Furthermore, the rest of the world's private 5G as a service market is divided into the Middle East, Africa, and Latin America. The expansion of the rest of the world is credited to the presence of numerous manufacturers and their sizable expenditures in the construction of automated factories in the area. Significant investments to get a 5G spectrum are also anticipated to boost the expansion of the regional market.

Key Findings of the Study

• The global private 5G as a service market is expected to reach USD 32.302 billion by 2032, at a CAGR of 37.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because the use of private 5G networks in the cloud increasingly enables flexible and scalable installations.


• Based on component, the hardware segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Amazon Web Services, Inc., Verizon, AT and T Intellectual Property, Anterix Inc., Nokia, Mavenir, Kyndryl Inc., Cisco Systems, Inc., Ericsson, and Infosys Limited.