Private 5G Market Size, Share & Analysis

The study involved four major activities in estimating the current size of the private 5G market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.

List of major secondary sources

Primary Research

Extensive primary research was conducted after gaining knowledge about the current scenario of the private 5G market through secondary research. Several primary interviews were conducted with experts from both demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

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Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the private 5G market and its various dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire procedure involved the study of annual and financial reports of top players and extensive interviews with industry leaders such as chief executive officers (CEOs), vice presidents (VPs), directors, and marketing executives. All percentage shares and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Bottom-Up Approach

The bottom-up approach was used to arrive at the overall size of the private 5G market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.

• Identifying various verticals using or expected to implement private 5G
• Analyzing each vertical and use cases, along with the major related companies and private 5G providers
• Estimating the private 5G market for verticals
• Understanding the demand generated by companies operating across different end-use applications
• Tracking the ongoing and upcoming implementation of projects based on private 5G technology by vertical and forecasting the market based on these developments and other critical parameters
• Carrying out multiple discussions with the key opinion leaders to understand the type of private 5G products designed and developed vertically. This information would help analyze the breakdown of the scope of work carried out by each major company in the private 5G market
• Arriving at the market estimates by analyzing private 5G companies as per their countries, and subsequently combining this information to arrive at the market estimates by region
• Verifying and cross-checking the estimates at every level through discussions with the key opinion leaders, including CXOs, directors, and operations managers, and finally with domain experts at MarketsandMarkets
• Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases

Top-Down Approach

In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.

To calculate the market size of specific segments, the most appropriate immediate parent market size has been used to implement the top-down approach. The top-down approach was implemented for the data extracted from the secondary research to validate the market size obtained.

The market share of each company was estimated to verify the revenue shares used earlier in the top-down approach. The overall parent market size and individual market sizes were determined and confirmed in this study by the data triangulation method and the validation of data through primaries. The data triangulation method used in this study is explained in the next section.

• Focusing on top-line investments and expenditures being made in the ecosystems of various verticals.
• Building and developing the information related to the market revenue generated by key private 5G  manufacturers
• Conducting multiple on-field discussions with the key opinion leaders involved in the development of private 5G  products in various applications
• Estimating geographic splits using secondary sources based on various factors, such as the number of players in a specific country and region, the offering of private 5G, and the level of solutions offered in end-user industries
• Impact of the recession on the steps mentioned above has also been considered

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation procedure has been employed wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. Along with this, the market size has been validated using top-down and bottom-up approaches.

Market Definition

Private 5G refers to a localized and dedicated 5G network that is deployed and operated by a specific organization or enterprise for its own use. Unlike public 5G networks, which are provided by telecommunication carriers and serve a broad range of users, private 5G networks are designed to cater to the specific needs of a single entity, such as a corporation, industrial facility, campus, or other large-scale operation.

Key Stakeholders

• Enterprises and Organizations
• Telecommunication Equipment Vendors
• Telecommunication Service Providers
• Network Integrators and Solution Providers
• IoT Device Manufacturers
• Industrial Automation and Robotics Companies
• Technology and Infrastructure Providers
• Government and Regulatory Bodies
• Industry Associations and Standards Organizations
• Research Institutions
• End Users and Consumers

Report Objectives

• To define, describe, and forecast the private 5G market based on component, spectrum, frequency band, organization size, deployment type, vertical, use case and region.
• To forecast the shipment data of private 5G market.
• To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
• To study the complete value chain and allied industry segments and perform a value chain analysis of the market
• To strategically profile the key players and comprehensively analyze their market shares and core competencies
• To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
• To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, product developments, and research & development (R&D) in the market
• To analyze the impact of the recession on the private 5G market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to 5)
• Additional country-level analysis of the private 5G market

Product Analysis

• Product matrix, which provides a detailed comparison of the product portfolio of each company in the private 5G market.