According to a new report, published by KBV research, The Global 5G Enterprise Private Network Market size is expected to reach $43.3 billion by 2031, rising at a market growth of 48.9% CAGR during the forecast period.
The Sub-6 GHz segment is leading the Global 5G Enterprise Private Network Market by Frequency Band in 2023; thereby, achieving a market value of $27.5 billion by 2031. This is largely due to its widespread use and compatibility with existing infrastructure, making it more accessible and cost-effective for enterprises to deploy. Sub-6 GHz frequencies offer a balance of coverage and speed, providing reliable connectivity across large areas, particularly important for manufacturing, logistics, and agriculture industries. These frequencies also penetrate buildings more effectively, making them ideal for enterprises with indoor and outdoor network needs, further driving their dominance in the market.
The Small & Medium-sized Enterprises would register a CAGR of 49.7% during (2024 - 2031). SMEs are beginning to recognize the value of 5G in improving productivity, enhancing customer experiences, and supporting digital transformation initiatives. While these enterprises may face financial constraints, many are exploring cost-effective 5G solutions or managed services that allow them to leverage the benefits of private networks without the high capital investment typically associated with 5G deployment. As 5G technology becomes more accessible and scalable, SMEs are increasingly contributing to the overall growth of the 5G enterprise private network market.
The Hardware segment generated the maximum revenue in the Global 5G Enterprise Private Network Market by Component in 2023; thereby, achieving a market value of $17.8 billion by 2031. Enterprises are investing heavily in components like base stations, antennas, routers, and edge computing devices to enable private 5G networks that offer greater control and security over their operations. Additionally, manufacturing, logistics, and healthcare industries require robust hardware to support IoT devices, automation, and real-time data processing, further fueling demand in this segment. As enterprises aim to build scalable and efficient 5G networks, the hardware segment continues to lead in revenue generation.
The BFSI segment exhibits a CAGR of 47.6% during (2024 - 2031). The BFSI (banking, financial services, and insurance) sector is adopting 5G private networks to enhance customer experience, improve data security, and streamline digital transactions. The sector requires high-speed, secure communication networks with the growing reliance on mobile banking, real-time financial services, and data-driven decision-making.
Full Report: https://www.kbvresearch.com/5g-enterprise-private-network-market/
The North America region dominated the Global 5G Enterprise Private Network Market by Region in 2023; thereby, achieving a market value of $15.8 billion by 2031. The Europe region is expected to witness a CAGR of 48.4% during (2024 - 2031). Additionally, The Asia Pacific region would experience a CAGR of 49.7% during (2024 - 2031).
By Frequency Band
By Organization Size
By Component
By Industry Vertical
By Geography
Unique Offerings 
