Private Wireless Market Forecasts to 2030 - Global Analysis By Component (Hardware and Software), By Deployment Type (On-premises and Cloud-based), Organization Size, Technology, Application and By Geography

According to Stratistics MRC, the Global Private Wireless Market is accounted for $5.03 billion in 2023 and is expected to reach $19.69 billion by 2030 growing at a CAGR of 21.5% during the forecast period. Private wireless is a dedicated wireless network deployed by an organization for exclusive use within its premises or operations. Utilizing licensed or unlicensed spectrum, private wireless networks offer secure, reliable, and high-performance connectivity for critical applications such as industrial automation, logistics, and smart infrastructure. These networks can be customized to meet specific requirements and provide greater control over communication resources.

According to the Ministry of Industry and Information Technology, China expected to build over 600,000 5G base stations last year.

Market Dynamics:

Driver:

Increasing demand for secure and reliable connectivity

Organizations across various industries, such as manufacturing, healthcare, and transportation, require robust communication networks to support critical operations and applications. Private wireless networks offer advantages such as dedicated spectrum, enhanced security features, and high reliability, meeting the stringent connectivity requirements of these industries. This growing need for secure and dependable communication drives the adoption of private wireless solutions worldwide.

Restraint:

Lack of standardization

Without universally accepted technical specifications and interoperability standards, the deployment of private wireless networks becomes fragmented and complex. This lack of standardization impedes seamless integration with existing infrastructure, interoperability between different network components, and compatibility with devices from multiple vendors. Moreover, it hampers innovation and stifles market growth by creating uncertainties for businesses and hindering economies of scale.

Opportunity:

Growing adoption of the Internet of Things (IoT)

Private wireless networks provide the robust and reliable connectivity needed to support IoT deployments across various industries. These networks enable seamless communication between IoT devices, sensors, and systems, facilitating data collection, analysis, and automation. With the increasing demand for IoT-driven solutions to improve operational efficiency, enhance safety, and enable digital transformation, private wireless networks play a crucial role in enabling IoT implementations.

Threat:

Cybersecurity Issues

Cybersecurity issues represent a significant threat to the private wireless market. As organizations increasingly rely on private wireless networks for critical operations, they become targets for cyberattacks. These threats include malware, ransomware, unauthorized access, and data breaches. A successful cyberattack on a private wireless network can disrupt operations, compromise sensitive information, and lead to financial losses or reputational damage. Additionally, the proliferation of connected devices in private networks expands the attack surface, making them more vulnerable to cyber threats.

Covid-19 Impact:

The COVID-19 pandemic has impacted public cellular networks by increasing demand for connectivity due to remote work, online education, and virtual communication. This surge in usage strained network capacities, leading to congestion and slower internet speeds in some areas. Additionally, supply chain disruptions delayed infrastructure upgrades and 5G deployments. However, telecommunications providers adapted by investing in network expansions and enhancements to meet the heightened demand for reliable connectivity during the pandemic.

The software segment is expected to be the largest during the forecast period

In the public cellular networks market, the software segment is projected to emerge as the largest during the forecast period. This growth is driven by the increasing adoption of software-defined networking (SDN) and network function virtualization (NFV) technologies. These software-based solutions enable flexible and scalable network architectures, facilitating efficient resource allocation, network management, and service delivery. Moreover, software solutions play a crucial role in enabling advanced features such as network slicing and edge computing, driving their dominance in the market.

The small and medium-sized enterprises (SMEs) segment is expected to have the highest CAGR during the forecast period

The small and medium-sized enterprises (SMEs) segment is anticipated to experience the highest compound annual growth rate in the public cellular networks market during the forecast period. This growth can be attributed to the increasing adoption of cellular connectivity among SMEs for various applications such as cloud-based services, IoT deployments, and mobile workforce enablement. Additionally, advancements in technology and the availability of affordable solutions catered to the specific needs of SMEs contribute to their rapid adoption of public cellular networks.

Region with largest share:

The North American region is positioned to dominate the private wireless market due to the region's advanced telecommunications infrastructure, extensive adoption of digital technologies, and large-scale deployments of private networks in various industries. Moreover, North America is home to numerous key players and innovators in the private wireless space, driving innovation and setting industry standards. These factors collectively contribute to North America's leadership in the private wireless market.

Region with highest CAGR:

Asia Pacific is poised for lucrative growth in the private wireless market owing to the region's rapid economic development, expanding industrialization, and increasing digitization efforts, which are driving the demand for reliable and secure communication networks. Additionally, initiatives such as smart city projects, Industry 4.0 implementations, and rural connectivity programs further boost the adoption of private wireless solutions. With a large and diverse market, Asia Pacific presents significant opportunities for private wireless vendors to expand their presence and operations.

Key players in the market

Some of the key players in Private Wireless Market include Advantech Co., Ltd., Belden Inc., Bharti Airtel Limited, Cambium Networks Corporation, Cisco Systems, Inc., CommScope Holding Company, Inc., Cradlepoint, Inc., Ericsson AB, Harris Corporation, Huawei Technologies Co., Ltd., Jio, Juniper Networks, Inc., L3Harris Technologies, Inc., Ligado Networks LLC, NEC Corporation, Nokia Corporation, Qualcomm Incorporated, Siemens AG, Syniverse, Telit Communications PLC, Thales Group, Ubiquiti Inc., Verizon Communications, Vodafone Group plc and ZTE Corporation.

Key Developments:

In September 2023, Verizon Business announced a five-year partnership deal with the National Football League (NFL) to deliver a Managed Private Wireless Solution across each of the 30 U.S. NFL stadiums. This solution includes full support for coach-to-coach communications on the field and provides the NFL with speed, security and reliability for critical on field coach-to-coach communication.

In August 2023, Syniverse, "the world's most connected company,"(R) has received a 2023 IoT Evolution Private Wireless Network Innovation Award from IoT Evolution World, the leading publication covering Internet of Things (IoT) technologies, for its Private Wireless Network solution.

Components Covered:

• Hardware
• Software

Deployment Types Covered:

• On-premises
• Cloud-based

Organization Sizes Covered:

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Technologies Covered:

• LTE
• 5G
• Wi-Fi
• Other Technologies

Applications Covered:

• Manufacturing
• Healthcare
• Transportation and Logistics
• Energy and Utilities
• Emergency Services
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances