Private Wireless Networks Market Opportunity Forecasts by Geography, Technology Segments and Industry Verticals to 2027
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Private Wireless Networks Market Report Overview
The Private Wireless Networks market was valued at US$ 2.80 billion in 2022 and will grow at a compounded annual growth rate (CAGR) of 23.32% to reach a value of US$ 7.99 billion by 2027. The cumulative revenue generation opportunities for Private Wireless Networks providers is estimated at US$ 29.34 billion between 2022 to 2027.
Private Wireless Networks Market Outlook, 2022-2027 (in US$ Billion)
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The Private Wireless Networks market opportunity forecast report provides the total addressable market for Private Wireless Networks solutions from 2022 to 2027.
Market Size (2022) | US$ 2.80 billion |
Market Size (2027) | US$ 7.99 billion |
CAGR (2022-2027) | 23.32% |
Key Segments | · Radio access network (RAN)
· Core network · Wireless backhaul/transport · OSS & BSS · Installation & Integration · Support and maintenance · Network Management Services · Data services · Consulting services |
Key Regions | · North America
· South & Central America · Western Europe · Central & Eastern Europe · Middle East & Africa · Asia Pacific |
Key Verticals | · BFSI
· Communications & IT · Education · Energy · Government · Healthcare · Manufacturing · Mining · Transport & Logistics · Utilities · Others |
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Private Wireless Networks Market Segmentation by Region
The Private Wireless Networks market is geographically divided into North America, South & Central America, Western Europe, Central & Eastern Europe, the Middle East & Africa, and the Asia Pacific.
The Western Europe region dominated the Private Wireless Networks market with a revenue share of 31.6% in 2022. Germany dominated with a market share of 7.0% in the Private Wireless Networks market in 2022. Furthermore, Asia Pacific and North America held the second and third positions with a share of 29.5% and 23.6% respectively.
Private Wireless Networks Market Analysis by Region, 2022 (%)
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Private Wireless Networks Market Segmentation by Vertical
Manufacturing, mining, utilities, government, energy, education, BFSI, healthcare, transport & logistics, and communications & IT are some of the key end-use industries of Private Wireless Networks.
In terms of vertical end-use segments, the manufacturing sector is the largest segment with a 19.0% market share, followed by the mining sector. Additionally, the Private Wireless Networks market for utilities is anticipated to be the fastest-growing segment recording an estimated CAGR of 23.6% during the forecast period.
Private Wireless Networks Market Analysis by Verticals, 2022 (%)
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Private Wireless Networks Market - Competitive Landscape
The major players significantly impacting the Private Wireless Networks market are AT&T, Airtel, BT Group, China Mobile, and China Telecom among others.
Leading Private Wireless Networks Companies
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Scope
This product provides revenue opportunity forecasts for the global enterprise Private Wireless Networks market from 2022 to 2027, spanning 9 technology segments, 45 geographical markets, 6 regions, and 11 verticals. The details of the IT solution and the corresponding products/services have been provided.
Key Highlights
- The Private Wireless Networks market is expected to grow at a CAGR of 23.32% over the forecast period.
- The Private Wireless Networks market over the forecast period is expected to be led by Western Europe with a share of 31.6%, followed by Asia Pacific and North America with shares of 29.5% and 23.6%, respectively. The Middle East, Africa, Central and Eastern Europe, and South and Central America together are expected to account for the remaining market share of 15.3%.
Reasons to Buy
- Access the current state and expected growth (next 5 years) of the Private Wireless Networks
- Determine the most lucrative sectors for Private Wireless Networks considering their current contribution to the overall Private Wireless Networks market and their expected contribution to the growth of the market over the next 5 years.
- Identify the geographies/countries that would be the contributors to the growth of the Private Wireless Networks market over the next 5 years.
Frequently asked questions
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What was the Private Wireless Networks market size in 2022?
The Private Wireless Networks market size was estimated at US$ 2.80 billion in 2022 and is expected to reach US$ 3.35 billion in 2023.
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What is the Private Wireless Networks market growth?
The Private Wireless Networks market is expected to grow at a compound annual growth rate of 23.32% over the forecast period to reach US$ 7.99 billion by 2027.
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Which industry vertical led the Private Wireless Networks market in 2022?
The manufacturing sector was the largest vertical with 19.0% market share in 2022.
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Which region accounted for the largest Private Wireless Networks market share?
The Western Europe region dominated the Private Wireless Networks market with 31.6% market share in 2022.
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