The North America Standalone 5G Network Market would witness market growth of 54.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Standalone 5G Network Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,824.6 million by 2031. The Canada market is experiencing a CAGR of 57.6% during (2024 - 2031). Additionally, The Mexico market would exhibit CAGR of 56.5% during (2024 - 2031).
The economic implications of SA 5G are profound. SA 5G networks are anticipated to stimulate substantial economic growth by facilitating the development of novel business models and revenue streams, serving as the foundation of next-generation connectivity. They are unlocking opportunities in emerging areas such as autonomous vehicles, smart grids, and remote work.
Additionally, autonomous vehicles rely on the ultra-low latency and high reliability of SA 5G to communicate with other vehicles and infrastructure, ensuring safety and efficiency. Smart grids, which manage energy distribution more effectively, integrate SA 5G to enable real-time monitoring and control. In remote work, SA 5G facilitates seamless video conferencing, virtual collaboration, and access to cloud-based applications, making it an essential tool for the modern workforce.
Due to the region's dedication to digital infrastructure and innovation, the standalone 5G network market in North America has experienced substantial growth. With strong government support, private sector investments, and rapid adoption across manufacturing, enterprise, and automotive sectors, North America is setting the benchmark for 5G advancements. The United States is at the forefront of adopting standalone 5G networks, with a significant push coming from the manufacturing sector. As part of Industry 4.0, U.S.-based manufacturers increasingly deploy 5G-enabled automation, robotics, and IoT devices to optimize productivity and reduce costs.
Free Valuable Insights: The Standalone 5G Network Market is Predict to reach USD 50.4 Billion by 2031, at a CAGR of 55.2%
Based on Spectrum, the market is segmented into Sub-6 GHz and mmWave. Based on Network, the market is segmented into Public and Private. Based on Component, the market is segmented into Solutions (5G Radio Access Network (RAN), 5G Core Network, and Other Solutions Type) and Services. Based on Vertical, the market is segmented into Manufacturing, Enterprise/Corporate, Automotive & Transportation, Energy & Utilities, Healthcare/Hospitals , Smart Cities, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Spectrum
By Network
By Component
By Vertical
By Country
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