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North America 5G Enterprise Private Network Market Size, Share & Trends Analysis Report By Frequency Band (Sub-6 GHz and mmWave), By Organization Size, By Component (Hardware, Software, and Services), By Industry Vertical, By Country and Growth Forecast,

Publisher Knowledge Based Value (KBV) Research
Published Oct 18, 2024
Length 159 Pages
SKU # KBV19285243

Description

North America 5G Enterprise Private Network Market Size, Share & Trends Analysis Report By Frequency Band (Sub-6 GHz and mmWave), By Organization Size, By Component (Hardware, Software, and Services), By Industry Vertical, By Country and Growth Forecast, 2024 - 2031


The North America 5G Enterprise Private Network Market would witness market growth of 48.2% CAGR during the forecast period (2024-2031).

The US market dominated the North America 5G Enterprise Private Network Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $11,360.5 million by 2031. The Canada market is expected to witness a CAGR of 51.2% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 50.1% during (2024 - 2031).

A 5G enterprise private network is a dedicated, standalone wireless communication network that an organization builds and manages for its exclusive use, leveraging 5G technology. Unlike public 5G networks operated by telecom carriers, private networks give businesses greater control over their data traffic, network performance, and security. These networks use specific spectrum allocations, often licensed by governments, to ensure they are not shared with other users, allowing for optimized performance tailored to an organization’s specific needs.

The 5G enterprise private network market is rapidly evolving as businesses increasingly seek to leverage the capabilities of fifth-generation (5G) wireless technology to enhance their operations. As manufacturing, healthcare, transportation, and logistics industries move towards digital transformation and automation, the demand for robust, secure, and high-performance private 5G networks is expected to grow significantly.

Canada is also witnessing significant growth in adopting 5G enterprise private networks, particularly within the financial sector. As more than 80% of top financial institutions in Canada have embraced cloud technologies as part of their digital transformation strategies, 5G has become crucial in supporting these initiatives. The Canadian Bankers Association highlights that financial institutions increasingly rely on advanced connectivity solutions to improve customer experiences and streamline operations. With total assets in the Canadian financial sector valued at over CAD 276 billion, as reported by the Bank of Canada, the need for secure, high-performance networks has become paramount. Private 5G networks are being used to ensure compliance with regulatory frameworks while optimizing cloud-based processes, thus enhancing overall operational efficiency. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.

Based on Frequency Band, the market is segmented into Sub-6 GHz and mmWave. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Industry Vertical, the market is segmented into Manufacturing, BFSI, Energy & Utilities, Retail, Government, Public Safety, Office Building, and Other Industry Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Nokia Corporation
  • Vodafone Group Plc
  • Cisco Systems, Inc.
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • Samsung Electronics Co., Ltd. (Samsung Group)
  • Verizon Communications, Inc.
  • Ericsson AB
  • ZTE Corporation
  • Hewlett Packard Enterprise Company
  • Qualcomm Incorporated (Qualcomm Technologies, Inc.)
North America 5G Enterprise Private Network Market Report Segmentation

By Frequency Band
  • Sub-6 GHz
  • mmWave
By Organization Size
  • Large Enterprises
  • Small & Medium-sized Enterprises
By Component
  • Hardware
  • Software
  • Services
By Industry Vertical
  • Manufacturing
  • BFSI
  • Energy & Utilities
  • Retail
  • Government
  • Public Safety
  • Office Building
  • Other Industry Vertical
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

159 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America 5G Enterprise Private Network Market, by Frequency Band
1.4.2 North America 5G Enterprise Private Network Market, by Organization Size
1.4.3 North America 5G Enterprise Private Network Market, by Component
1.4.4 North America 5G Enterprise Private Network Market, by Industry Vertical
1.4.5 North America 5G Enterprise Private Network Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Oct – 2024, Jun) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America 5G Enterprise Private Network Market by Frequency Band
5.1 North America Sub-6 GHz Market by Region
5.2 North America mmWave Market by Region
Chapter 6. North America 5G Enterprise Private Network Market by Organization Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium-sized Enterprises Market by Country
Chapter 7. North America 5G Enterprise Private Network Market by Component
7.1 North America Hardware Market by Country
7.2 North America Software Market by Country
7.3 North America Services Market by Country
Chapter 8. North America 5G Enterprise Private Network Market by Industry Vertical
8.1 North America Manufacturing Market by Country
8.2 North America BFSI Market by Country
8.3 North America Energy & Utilities Market by Country
8.4 North America Retail Market by Country
8.5 North America Government Market by Country
8.6 North America Public Safety Market by Country
8.7 North America Office Building Market by Country
8.8 North America Other Industry Vertical Market by Country
Chapter 9. North America 5G Enterprise Private Network Market by Country
9.1 US 5G Enterprise Private Network Market
9.1.1 US 5G Enterprise Private Network Market by Frequency Band
9.1.2 US 5G Enterprise Private Network Market by Organization Size
9.1.3 US 5G Enterprise Private Network Market by Component
9.1.4 US 5G Enterprise Private Network Market by Industry Vertical
9.2 Canada 5G Enterprise Private Network Market
9.2.1 Canada 5G Enterprise Private Network Market by Frequency Band
9.2.2 Canada 5G Enterprise Private Network Market by Organization Size
9.2.3 Canada 5G Enterprise Private Network Market by Component
9.2.4 Canada 5G Enterprise Private Network Market by Industry Vertical
9.3 Mexico 5G Enterprise Private Network Market
9.3.1 Mexico 5G Enterprise Private Network Market by Frequency Band
9.3.2 Mexico 5G Enterprise Private Network Market by Organization Size
9.3.3 Mexico 5G Enterprise Private Network Market by Component
9.3.4 Mexico 5G Enterprise Private Network Market by Industry Vertical
9.4 Rest of North America 5G Enterprise Private Network Market
9.4.1 Rest of North America 5G Enterprise Private Network Market by Frequency Band
9.4.2 Rest of North America 5G Enterprise Private Network Market by Organization Size
9.4.3 Rest of North America 5G Enterprise Private Network Market by Component
9.4.4 Rest of North America 5G Enterprise Private Network Market by Industry Vertical
Chapter 10. Company Profiles
10.1 Nokia Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.6 SWOT Analysis
10.2 Vodafone Group Plc
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental Analysis
10.2.4 Recent strategies and developments:
10.2.4.1 Product Launches and Product Expansions:
10.3 Cisco Systems, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 Samsung Electronics Co., Ltd. (Samsung Group)
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 Verizon Communications, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental Analysis
10.6.4 Recent strategies and developments:
10.6.4.1 Product Launches and Product Expansions:
10.6.5 SWOT Analysis
10.7 Ericsson AB
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.5.2 Product Launches and Product Expansions:
10.7.6 SWOT Analysis
10.8 ZTE Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Product Launches and Product Expansions:
10.8.6 SWOT Analysis
10.9 Hewlett Packard Enterprise Company
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments:
10.9.5.1 Partnerships, Collaborations, and Agreements:
10.9.5.2 Product Launches and Product Expansions:
10.9.5.3 Acquisition and Mergers:
10.9.6 SWOT Analysis
10.10. Qualcomm Incorporated (Qualcomm Technologies, Inc.)
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expense
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:
10.10.5.2 Product Launches and Product Expansions:
10.10.6 SWOT Analysis

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