Standalone 5G Network Market

The global Standalone 5G Network Market is valued at USD 1.72 Billion in 2023 and is projected to reach a value of USD 47.78 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 51.5% between 2024 and 2032. The market is driven by rising demand for ultra-low latency, high-reliability applications in industries like IoT, automation, and AR/VR, enabling advanced, real-time connectivity and network slicing.

Key Highlights

• In 2023, Asia Pacific dominated the market with 49.50% market share
• By Component, solutions category is accounted 83.40% market share
• Based on Network, the Public category is dominated the market with 86.40% market share
• Based on Vertical, the Manufacturing category is dominated the market with 25.20% market share

Component Overview

The Component Segment is divided into Solutions and Services. The Solutions category is divided into 5G radio access network, 5G core network, and others. The solutions held the dominant share in 2023, accounting for significant market share of 83.40%.

The robust deployment of a 5G radio access network and 5G core network with numerous microcell and small cell base stations worldwide is driving the growth of the solution segment. Furthermore, 5G core offers benefits, such as ultra-low latency, faster upload speeds, edge functions, and ultra-high reliability, which ultimately drive the demand for SA 5G network among organizations to improve their performance. In addition, Services segment involves installation, deployment, consulting, and maintenance support provided by telecom and technology companies.

Vertical Overview

The Vertical segment is divided into manufacturing, Automotive and Transportation, Enterprise/Corporate, Energy & Utilities, healthcare/hospitals, smart cities, and Others. The manufacturing held the dominant share in 2023, accounting for significant market share of 25.20%.

In the manufacturing sectors, with its reduced latency and enhanced reliability, the SA 5G network facilitates the deployment of advanced industrial automation systems. It also allows for real-time remote monitoring, control, and synchronization of machinery and processes, boosting efficiency, productivity, and flexibility across manufacturing and other industrial sectors. For instance, in August 2024, Singtel and Hitachi, Ltd. have signed a Memorandum of Understanding (MOU) to collaborate on next-generation data centers and GPU Cloud in Japan and potentially the wider Asia Pacific region under the lead of Singtel's Digital InfraCo unit.

Regional Overview

In 2023, the Asia Pacific captured 49.50% of the revenue share.

Asia Pacific Standalone 5G Network market is driven by increasing deployment and adoption of the 5G network in countries, such as China, Japan, India, South Korea, Singapore, and Australia, is the major driving factor behind the market growth. In region, market is driven by rapid technological advancements and significant investments from major telecom operators, increasing demand for advanced applications in industries like manufacturing, healthcare, and transportation further propels the adoption of Standalone 5G Network. Additionally, the proliferation of Internet of Things (IoT) devices and smart technologies in urban areas is expected to enhance connectivity and efficiency, making Asia-Pacific a key player in the global standalone 5G landscape.

The China held the largest Standalone 5G Network market share and is anticipated to register the highest CAGR during the forecast period. The market is driven by with its extensive investments and rapid deployment of 5G infrastructure. The Chinese government has actively supported the development of 5G technologies through strategic initiatives and policies aimed at enhancing digital transformation across various sectors. Major telecom operators, such as China Mobile, China Telecom, and China Unicom, are heavily investing in Standalone 5G Networks to provide faster, more reliable services and support emerging applications like smart cities, autonomous vehicles, and industrial automation.

Key Trends

1. Private 5G Networks: There is a growing trend of enterprises investing in private 5G networks to enhance security, control, and performance. These networks are designed for specific operational needs, facilitating advanced automation and real-time data processing
2. Integration with Edge Computing: The combination of standalone 5G with edge computing is gaining traction, as it enables low-latency data processing closer to the source, enhancing performance for applications like IoT and real-time analytics
3. Enhanced Support for IoT Devices: As the number of IoT devices continues to grow, Standalone 5G Networks are being optimized to handle massive connections, providing the necessary bandwidth and reliability for diverse applications

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Market Dynamics

Demand for high-speed connectivity

The demand for high-speed connectivity is a driver of the Standalone 5G Network market, as businesses and consumers increasingly search for faster and more reliable internet services. With the exponential growth of data consumption driven by streaming services, online gaming, and cloud-based applications, traditional networks struggle to meet the performance expectations of users. Standalone 5G Networks offer significantly enhanced data speeds, capable of supporting multiple devices simultaneously without compromising performance. This capability is particularly crucial in urban areas and densely populated regions, where network congestion can hinder connectivity. Accordingly, the shift towards Standalone 5G Networks is gaining momentum, enabling users to experience ultra-fast downloads, low latency, and improved overall connectivity, thus paving the way for innovative applications and services that rely on high-performance networks.

Growth of IoT and Smart Devices

The growth of the Internet of Things (IoT) and smart devices is a driver of the SA 5G network market, as the increasing number of connected devices necessitates a robust and efficient network infrastructure. IoT devices, which range from smart home appliances and wearable technology to industrial sensors and smart city applications, are proliferating at an unprecedented rate. These devices generate vast amounts of data that require reliable and instantaneous transmission for effective communication and operation. Furthermore, the enhanced capacity of standalone 5G allows for the simultaneous connection of a massive number of devices, which is essential for applications such as smart grids, healthcare monitoring, and automated manufacturing.

Competitive Landscape

The Standalone 5G Network market is characterized by dynamic and evolving environment with several key players and their ongoing advancement. Major players are Telefonaktiebolaget LM Ericsson, T‑Mobile USA Inc., Nokia Corporation, Vodafone Limited, Huawei Technologies Co. Ltd., Verizon Communications Inc., Samsung Electronics. Co. Ltd., AT&T Inc., Singtel, and Rogers Communications Canada Inc. The competitive dynamics are further influenced by government policies and regulations promoting 5G deployment, as well as partnerships and collaborations among industry stakeholders aimed at fostering innovation and driving market growth.

Recent Market Developments

Hrvatski Telekom and Nokia announce API pilot projects to expand 5G application development in Croatia

• In October 2024, Nokia and Hrvatski Telekom (HT), the largest operator in Croatia and part of Deutsche Telekom Group, are collaborating on pilot projects that connect Nokia’s Network as Code platform with developer portal to HT’s network assets. The aim is to enable developers to harness and monetize the operator’s market-leading 5G network assets and capabilities through the creation of new consumer, enterprise, and industrial applications for Hrvatski Telekom customers in Croatia and other parts of Europe

DNB & Ericsson’s AI Intent-Based Operations solution wins third award, recognizing future-readiness of Malaysia’s 5G network

• In October 2024, Artificial Intelligence (AI) is revolutionizing 5G networks by boosting performance, enhancing user experiences, and enabling new applications across various industries. In Malaysia, this cutting-edge technology is integrated into the 5G network through the AI intent-based operations (IBO) solution developed by Ericsson (NASDAQ: ERIC) for Digital Nasional Berhad (DNB)

The global Standalone 5G Network market can be categorized as Component, Spectrum, Network, Vertical and Region.