GITNUX MARKETDATA REPORT 2024

Private 5G Network Industry Statistics

The global private 5G network industry is expected to experience rapid growth driven by increasing adoption of digital transformation technologies across various sectors.

Statistic 1

"In 2020, the global private 5G network market was valued at around USD 1 billion."

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Statistic 2

"The private 5G network industry is projected to reach USD 8 billion by 2027."

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Statistic 3

"The market is predicted to grow at a CAGR of more than 35% from 2021 to 2027."

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Statistic 4

"The manufacturing sector is anticipated to invest USD 60 billion in private mobile networks by 2030."

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Statistic 5

"China is expected to represent over 70% of 5G connections by 2025."

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Statistic 6

"Europe is projected to account for around 25% market share by 2027 in the private 5G network market."

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Statistic 7

"North America will hold more than 20% of the market share by 2030."

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Statistic 8

"The application of private 5G networks in the automotive industry is anticipated to grow at a CAGR of over 40% through 2027."

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Statistic 9

"Manufacturing segment is expected to hold over 35% of the private 5G network market share by 2027."

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Statistic 10

"Approximately 35% of enterprises will have adopted some form of private cellular network by 2025."

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Statistic 11

"The Asia Pacific region is predicted to achieve over 35% growth rate in the private 5G network market through 2027."

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Statistic 12

"In 2020, approximately 66% of all enterprises reported using a private 5G network for certain operations."

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Statistic 13

"The telecommunications industry is projected to account for over 15% of the private 5G network market by 2027."

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Statistic 14

"By 2025, more than have enterprises will have some form of private 5G network."

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Statistic 15

"Energy sector is estimated to invest over $8 billion in private 5G networks by 2028."

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Statistic 16

"The private 5G network market in Latin America is expected to grow at a CAGR of around 30% through 2027."

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Statistic 17

"The transportation sector is projected to adopt private 5G networks at a CAGR of over 30% through 2027."

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