At 37.4% CAGR, Middle East & Africa Private 5G Networks Market is Projected to be Worth US$ 1,152.29 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa private 5G networks market was valued at US$ 90.47 million in 2022 and is expected to reach US$ 1,152.29 million by 2030, registering a CAGR of 37.4% from 2022 to 2030. Increasing demand for IoT and rising digitalization across enterprises are among the critical factor attributed to the Middle East & Africa private 5G networks market expansion.

IoT devices generate substantial amounts of data, which needs to be transmitted quickly and consistently to be useful. Private 5G networks are dedicated to a single organization or industry, which empowers them to offer higher bandwidth, lower latency, and more reliable connectivity for IoT devices. Many IoT applications require real-time data processing. For example, self-driving cars are required to receive and process sensor data in real-time to make safe driving decisions. Private 5G networks can support these applications by providing ultra-low latency and high reliability.

The adoption of massive IoT technologies such as NB-IoT and Cat-M is increasing significantly. For instance, in 2022, ~125 service providers have deployed or commercially launched NB-IoT networks, and nearly 56 have launched Cat-M, while 40 have deployed both technologies globally. By the end of 2022, the number of devices connected by these technologies got enhanced by added capabilities in the networks, enabling massive IoT to co-exist with 4G and 5G in frequency division duplex (FDD) bands via spectrum sharing. Additionally, in 2022, broadband IoT (4G/5G) connections reached 1.3 billion and connected the largest share of all cellular IoT devices. This segment mainly includes wide-area use cases that require higher throughput, lower latency, and larger data volumes than can be supported by Massive IoT devices. Private 5G networks can offer the bandwidth, latency, reliability, and security that IoT applications require. Therefore, the increasing requirement for IoT is creating a strong demand for private 5G networks. Industries across the globe are on the verge of adopting Industry 4.0 in order to completely transform their operations digitally. Private 5G connectivity plays an important role in this process. Many solution providers in the world have begun to commercialize their private 5G solutions for aiding the industrial sectors.

On the contrary, high deployment and maintenance cost hurdles the growth of Middle East & Africa private 5G networks market.

Based on component, the Middle East & Africa private 5G networks market is categorized into hardware, software, and services. The hardware segment held 66.9% market share in 2022, amassing US$ 60.56 million. It is projected to garner US$ 795.01 million by 2030 to expand at 38.0% CAGR during 2022-2030.

In terms of frequency, the Middle East & Africa private 5G networks market is bifurcated into sub-6GHz and mmwave. The sub-6GHz segment held 94.1% share of Middle East & Africa private 5G networks market in 2022, amassing US$ 85.13 million. It is projected to garner US$ 1,070.93 million by 2030 to expand at 37.2% CAGR during 2022-2030.

By end user, the Middle East & Africa private 5G networks market is segmented into manufacturing, energy and utilities, automotive, military and defense, government and public safety, and others. The manufacturing segment held 31.3% share of Middle East & Africa private 5G networks market in 2022, amassing US$ 28.28 million. It is projected to garner US$ 391.72 million by 2030 to expand at 38.9% CAGR during 2022-2030.

Based on country, the Middle East & Africa private 5G networks market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 37.6% share of Middle East & Africa private 5G networks market in 2022. It was assessed at US$ 34.05 million in 2022 and is likely to hit US$ 458.15 million by 2030, exhibiting a CAGR of 38.4% during 2022-2030.

Key players operating in the Middle East & Africa private 5G networks market are Cisco Systems Inc, Huawei Technologies Co Ltd, Nokia Corp, Telefonaktiebolaget LM Ericsson, Verizon Communications Inc, Vodafone Group Plc, AT&T, Qualcomm Inc, and Amazon Web Services Inc, among others.

• In February 2023, Vodafone unveiled a prototype 5G network built on a credit card-sized Raspberry Pi personal computer and an equally small, advanced silicon chipset. This industry-first concept will enable small businesses and households to extend 5G coverage and increase capacity according to their needs and to have their very own affordable and portable private 5G mobile network.
  
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