Europe Private 5G Networks Market Size/Share Envisaged to Reach Over USD 9,017.74 Million By 2030, With 43.4% CAGR: Polaris Market Research

NEW YORK, July 17, 2023 /PRNewswire/ -- A latest research report [115+] pages with 360-Degree visibility, titled "Europe Private 5G Network Market Share, Size, Trends, Industry Analysis Report, By Component Outlook (Hardware, Services); By Frequency; By Spectrum; By Country - Segment Forecast, 2022 - 2030" published by Polaris Market Research in its research repository.

"According to research report, the Europe private 5G network market size/share was valued at USD 369.73 million in 2021 and is expected to touch USD 9,017.74 Million By 2030, growing at a CAGR of 43.4% during the forecast period."

Europe Private 5G Networks Market: Report Overview

A private 5G network is a nonpublic mobile network that provides cellular connectivity for private network use cases. These networks are intended to enhance the existing network capabilities and introduce new possibilities that other systems can't support. Private 5G networks are used to provide access or licensing to third-party providers, municipalities, and other private businesses.

There are several models for deploying and operating private 5G networks, including fully-owned private 5G networks, hybrid private-public cloud 5G networks, and private 5G delivery via network slicing. Private 5G networks can cover areas up to dozens of square kilometers depending on the band used and specific user requirements. The increasing demand for robust connectivity solutions has led to significant advancements in the European private 5G networks and is anticipated to create lucrative growth opportunities in the Europe private 5G network market.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)

Our Sample Report May Includes:

• 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
• 115+ Pages Research Report (Inclusion of Updated Research).
• Provide Chapter-wise guidance on Request.
• 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends.
• Includes Updated List of table & figures.
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Some of the Top Market Players Covered Are:

• Qualcomm Technologies Inc.
• Telefonaktiebolaget LM
• Huawei Technologies Co.
• Vodafone Limited
• Ericsson
• Deutsche Telekom
• Nokia Corporation
• T-Systems International GmbH
• Verizon Communications
• AT&T Inc.
• Broadcom Inc.
• Altiostar
• SAMSUNG
• Cisco Systems Inc.
• ZTE Corporation

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Prominent Growth Driving Factors

1. Rising demand for secure and reliable communication solutions: Private 5G networks are known for their high bandwidth and ultra-low latency, making them an apt choice for supporting critical applications across sectors like healthcare, manufacturing, and energy. There has been a surge in the Europe private 5G network market sales as more and more businesses recognize the benefits of having faster and more reliable communication solutions.
2. Increased utilization of advanced technologies: Several industries are increasingly adopting new technologies such as Artificial Intelligence (AI), automation, and Internet of Things (IoT) to improve efficiency and productivity. Private 5G networks create a favorable environment for these technologies to flourish by providing the required connectivity infrastructure.
3. Adoption of 5G networks by several European countries: Private 5G networks are gaining traction all across Europe. Numerous European countries, including the United Kingdom, Sweden, and Germany, have made notable advancements in the deployment of private 5G networks. The rising utilization of private 5G networks is anticipated to boost the Europe private 5G network market demand.
4. Growing need for real-time data processing: The growing demand for real-time data processing and increased emphasis on seamless connectivity and robust security measures is spurring the demand for private 5G networks across Europe.

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Top Trends Influencing the Market

1. Active support from the government: European countries have recognized the immense benefits of adopting private 5G networks and are actively supporting their development. They have implemented several policies and regulations like spectrum allocation to encourage the deployment of private 5G networks.
2. Establishment of dedicated research centers in Germany: Germany, renowned for its robust manufacturing industry, is leading the way for industrial 5G adoption. The nation has set up dedicated research institutes and innovation centers to support the development of private 5G networks in the manufacturing sector.

Segmental Analysis

• The core network segment is anticipated to witness the fastest growth over the forecast period

Based on component, the core network segment is anticipated to witness the fastest growth over the forecast period. With an increase in the deployment of private 5G networks in sectors like energy, healthcare, and transportation, the need for advanced core network solutions has intensified. Core network solutions have the function of supporting the low latency and high bandwidth needs of diverse applications. As a result, Europe private 5G network market key players are emphasizing on developing cutting-edge solutions to meet the specific requirements of private 5G network deployments.

• Hardware segment dominated the market in 2022

Private 5G networks need several hardware components, including routers, switches, antennas, and base stations for their operation. Besides, these hardware components are important for the development of a robust network infrastructure that can meet the high-speed, ultra-low latency, and secure communication needs of different sectors in European nations. As such, companies across various industries are investing heavily in advanced hardware solutions, resulting in the hardware segment capturing the largest Europe private 5G network market share.

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Europe Private 5G Networks Market: Report Scope & Segmentation

Geographic Overview 

• Europe is anticipated to witness substantial growth over the forecast period

The demand for private 5G networks in Europe is anticipated to grow significantly over the forecast period. This can largely be attributed to the presence of several developed nations across Europe and the strong efforts from governments and market leaders toward the adoption of 5G networks.

In addition, the key telco companies have shown interest in providing 5G services across the respective nations and have plans to expand them further. In fact, several companies have already started offering their services in limited areas. As a result, the Europe private 5G network market is anticipated to grow significantly in the near future.

Browse the Detail Report "Europe Private 5G Network Market Share, Size, Trends, Industry Analysis Report, By Component Outlook (Hardware, Services); By Frequency; By Spectrum; By Country - Segment Forecast, 2022 - 2030" with in-depth TOC: https://polarismarketresearch.com/industry-analysis/europe-private-5g-network-market 

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Recent Developments

• In October 2022, Indian telecommunications company Reliance Jio selected Finish telecom and consumer electronics corporation Nokia as its major supplier of India's 5G Radio Access Network (RAN) hardware. As a part of their long-term agreement, Nokia will provide a wide range of equipment like base stations, spectrum bands, 5G antennas, and network software to Reliance Jio.
• In August 2022, Nokia announced that it has partnered with major telecom company Bharti Airtel to implement a 5G radio access agreement (RAN). The new partnership between Nokia and Bharti Airtel aligns with the latter's vision of propelling India into the era of 5G.

The Report Answers Questions Such As

• How much is the Europe private 5G network market size?
• At what CAGR is the market anticipated to grow over the forecast period?
• What are the key opportunities in the market?
• Who are the top players in the Europe private 5G network market?
• Which segment accounted for the highest market share in the industry?
• What are the major driving factors in the market?

Polaris Market Research has segmented the Europe 5G Network Market report based on Component, Frequency, Spectrum, Vertical and Country:

By Component Outlook

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

By Frequency Outlook

• Sub-6 GHz
• mmWave

By Spectrum Outlook

• Licensed
• Unlicensed/Shared

By Vertical Outlook

• Manufacturing

• • Food & Beverages
  • Automotive
  • Pharmaceuticals
  • Electrical & Electronics
  • Heavy Machinery
  • Clothing & Accessories
  • Others

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

By Country Outlook

• Germany
• UK
• Sweden
• Finland
• Netherlands
• Italy
• Spain
• Greece
• Czech Republic
• Portugal
• Romania
• Hungary
• RoEU

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About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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SOURCE Polaris Market Research