Standalone 5G Network Market Increasing Demand, Growth Analysis and Future Outlook by 2031
Global standalone 5G network market is anticipated to grow at an exponential CAGR of 36.2% during the forecast period (2024-2031). 5G technology offers a wide range of applications across various industries. It enables remote machine control, predictive maintenance, and digital twins in industrial processes. Additionally, it enhances gaming, entertainment, remote collaboration, training, and education through immersive Augmented Reality (AR) and Virtual Reality (VR) experiences. Standalone 5G networks also facilitate remote healthcare services, smart city applications, connected and autonomous vehicles, remote education, smart retail, and media and entertainment innovations.Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance, In March 2024,Elisa launched its first 5G standalone subscriptions in Finland powered by Ericsson technology. The 5G connectivity enhances consumer experience with lightning-fast speeds, stable, uniform connectivity, and up to 50.0% lower latency, enabling next-generation use cases such as, cloud gaming and smart factories.
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In April 2023, Vodafone launched 5G Standalone connectivity over its standardised mobile private network solution to offer ultra-low latency, high availability connectivity to power businesses into the future. It offers 5G Standalone connectivity and can be paired with a Multi-access Edge Compute solution, fostering innovation in manufacturing, transport, logistics, energy, and healthcare industries.
In November 2023, Yettel launched Standalone 5G technology, offering customers an enhanced 5G experience with lower latency, higher speeds, and the potential for new digital services.
In July 2021, Samsung Electronics and KT Corporation (KT) launched Korea’s first commercial 5G SA network, turning on next-generation service in the country. This achievement follows the two companies’ recent collaboration on the deployment of Korea’s first 5G SA and Non-Standalone (NSA) common core in the operator’s commercial network.
Market Coverage
- The market number available for – 2023-203
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Component
o By Spectrum
o By Network
o By Vertical
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Ericsson Group co.,Huawei Technologies Co. Ltd.,Nokia Corp.,Cisco Systems, Inc., Samsung Electronics Co., Ltd.,among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Standalone 5G Network Market Report Segment
By Component
- Solutions
- Services
By Spectrum
- Sub-6 GHz Spectrum
- mmWave (Millimeter Wave) Spectrum
- Others(Unlicensed Spectrum, and Shared and Dynamic Spectrum)
By Network
- Public
- Private
By Vertical
- Manufacturing
- Automotive and Transportation
- Enterprise/Corporate
- Energy & Utilities
- Healthcare/Hospitals
- Smart Cities
- Others (Agriculture, Smart Home, Public Safety & Defense)
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Company Profiles
- AT&T Inc.
- China Telecom Corporation Ltd.
- Cisco Systems, Inc.
- Dell Technologies, Inc.
- Intel Corp.
- KT Co., Ltd
- NEC Corp.
- NTT DOCOMO, INC.
- Qualcomm Inc.
- Qualcomm Technologies, Inc.
- Radisys Corp.
- Rogers Communications Inc.
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