New York, NY 23 Feb 21: The global private 5G network market size is expected to reach USD 8.32 billion by 2027 according to a new study by Polaris Market Research.
The report “Private 5G Network Market Share, Size, Trends, Industry Analysis Report, By Component Outlook (Hardware, Services); By Frequency (Sub-6 GHZ, mmWave); By Spectrum (Licensed, Unlicensed/Shared); By Vertical (Manufacturing, Energy & Utilities, Transportation & Logistics, Aerospace & Defense, Government & Public Safety, Enterprises, Mining, Healthcare, Oil & Gas, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.A private 5G network is a cellular network which comprises of core network servers and cell sites to support the connectivity.
In addition, this network provides features such as network slicing, far lower latency, superior bandwidth, among others.
Moreover, a private 5G network provides industries with high-performing networks and helps in operations of several technologies such as automated guided vehicles (AGVs), drones, sensor technology, heavy machinery automation, robotics, and others.
To address wireless communication requirements in operations of industries, public safety and others is leading to rise in demand of private 5G networks.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/private-5g-network-market/request-for-sampleFactors such as demand & applications for real-time based networking and Time-sensitive Networking (TSN) has tremendously increased among several industry vertical such as oil & gas, manufacturing, aerospace, and transportation.