This One-Shot summarizes the forecasts for the private 5G network market (1. hardware + 2. software + 3. services) presented in global private 5G market forecast reports published this year by global market analysis companies. While the figures vary slightly by company, they all analyze that a market of $3–4 billion will be formed by 2024 and predict ultra-high growth of 30–50% (CAGR) over the next 5–10 years.
Global Private 5G Network Market Size Forecast by Company
Company | Private 5G Network Global Market Size in 2024 | CAGR | Forecast | Published Date |
Global Industry Analysts | USD 3.70 Billion | 54.4% [2024-2030] | USD 50.1 Billion [2030] | 2025.05 |
Precedence Research | USD 4.92 Billion | 32.6% [2025-2034] | USD 82.67 Billion [2034] | 2025.05 |
Straits Research | USD 3.32 Billion | 43.2% [2025-2033] | USD 84.3 Billion [2033] | 2025.05 |
Custom Market Insight | USD 3.55 Billion | 40.2% [2025-2034] | USD 102.52 Billion [2034] | 2025.04 |
Global Market Insights | USD 2.93 Billion | 39.2% [2025-2034] | USD 75.38 Billion [2034] | 2025.04 |
The Business Research Company | USD 3.42 Billion | 48.9% [2025-2029] | USD 25.04 Billion [2029] | 2025.01 |