Europe Private 5G Network Market Size Worth $9,017.74 Million By 2030 | CAGR: 43.4%

The global europe private 5G network market size is expected to reach USD 9,017.74 million by 2030, according to a new study by Polaris Market Research. The report “Europe Private 5G Network Market Share, Size, Trends, Industry Analysis Report, By Component Outlook (Hardware, Services); By Frequency; By Spectrum; By Vertical ; By Country    - Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The advent of private 5G networks in Europe has spurred significant advancements across various industries. With the convergence of operational technology and advanced connectivity, private 5G networks are poised to revolutionize industrial landscapes. European governments are actively promoting and supporting the deployment of these networks, fostering an environment conducive to innovation and technological progress.

Furthermore, 5G will bring about transformative changes in industries and redefine how consumers utilize mobile technologies. Through eMBB, businesses and consumers will experience unprecedented data transfer speeds, enabling applications such as immersive virtual reality experiences and seamless high-definition video streaming. MCS will facilitate implementing of critical services requiring ultra-low latency and ultra-high reliability, including autonomous vehicles, remote robotic surgeries, and public safety systems. The IoT will connect many devices, allowing for advanced applications like smart cities, industrial automation, and precision agriculture.

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The advent of new mobile technologies has profoundly impacted both economies and societies. With the launch of the first 4G LTE network in Sweden, the beginning of exponential growth in wireless telecommunications in Europe and globally. Building on this trajectory, 5G networks and technology are set to revolutionize wireless communications by completely transforming existing market sectors and industries.

The potential of 5G extends beyond faster video streaming and upgrades to existing 4G capabilities. It will unlock the full potential of technologies like artificial intelligence (AI), edge computing, and the Internet of Things (IoT). By providing rich bi-directional communications, supporting a massive number of devices per squared kilometer, and delivering ultra-reliable sub-millisecond response times, 5G will play a crucial role in the success of these technologies. The capabilities offered by 5G will open up a wide range of use cases, paving the way for the economy to harness the benefits of amplified connectivity fully.

Europe 5G Network Market Report Highlights     

• The growth of the Core Network segment in Europe's private 5G network market is further propelled by factors such as government support and industry collaborations.
• The demand for hardware components and equipment necessary for the establishment and operation of private 5G networks has witnessed substantial growth, driving the market dominance of the Hardware segment.
• The growth of private 5G networks is not limited to a single country but encompasses the entirety of Europe. Different European countries are witnessing increasing demand for private 5G networks, driven by their unique industrial landscapes and technological advancements.
• The global players include 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., Ltd, Altiostar, SAMSUNG, Cisco Systems, Inc., ZTE Corporation.

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

Europe 5G Network Market, Component Outlook (Revenue, USD Million, 2019-2030)

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

Europe 5G Network Market, Frequency Outlook (Revenue, USD Million, 2019-2030)

• Sub-6 GHz
• mmWave

Europe 5G Network Market, Spectrum Outlook (Revenue, USD Million, 2019-2030)

• Licensed
• Unlicensed/Shared

Europe 5G Network Market, Vertical Outlook (Revenue, USD Million, 2019-2030)

• 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

Europe 5G Network Market, Country Outlook (Revenue, USD Million, 2019-2030)

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

• RoEU

Europe Private 5G Network Market Report Scope