Private 5G Network Market Projected To Raise At USD 7.1 Billion By 2027
San Francisco, 1 April 2021: The Report Private 5G Network Market Size, Share & Trends Analysis Report By Component (Hardware, Services), By Frequency (Sub-6 GHz, mmWave), By Spectrum, By Vertical, By Region, And Segment Forecasts, 2020 - 2027 The global private 5G network market size is estimated to reach USD 7.1 billion by 2027, registering a CAGR of 37.8% from 2021 to 2027, according to a new study by Grand View Research, Inc. Significantly growing demand for ultra-reliable low latency connectivity with an extremely secure network across several mission-critical applications such as public safety is expected to boost the deployment of private 5G networks during the forecast period. Moreover, a wide range of industries, including manufacturing, oil and gas, mining, and energy and utility, are investing a massive amount in deploying private 5G telecom service to enhance their overall productivity and operational efficiency. As a result, it is expected to foster market growth