Standalone 5G Network Market
Standalone 5G Network Market Size, Share & Trends Analysis Report by Component (Solutions, and Services), by Spectrum (Sub-6 GHz Spectrum, mmWave (Millimeter Wave) Spectrum, and Others), by Network (Public, and Private)and by Vertical (Healthcare Industry, IT and Telecom, Financial Services, Retail and Hospitality, Education Sector, Government Agencies, Transportation and Logistics, and Others) Forecast Period (2024-2031)
Standalone 5G network market is anticipated to grow at an exponential CAGR of 36.2% during the forecast period (2024-2031). Standalone 5G networks are being embraced by multiple industries to meet the increasing demand for high-speed connectivity and support the growth of IoT and Industry 4.0. These networks offer faster speeds, lower latency, and the ability to create customized network instances for specific use cases. Government support and industry collaboration are vital in facilitating 5G deployment and driving innovation in industry-specific solutions. Telecom operators, equipment vendors, and technology providers work together to develop and implement standalone 5G networks, while vertical industry engagement promotes the co-creation of advanced applications.
Market Dynamics
Increasing Adoption of Internet of Things (IoT) Devices
The increasing use of IoT devices necessitates connectivity solutions that offer low latency and high reliability, with standalone 5G networks providing the necessary infrastructure for scalability.According to the GSMA Intelligence, in February 2024, the projections, 5G connections are anticipated to account for more than half (51.0%) of mobile connections by 2029 and are expected to increase to 56.0% by the end of the decade. The rollout of 5G has been remarkably swift, with over one billion connections reached by the end of 2022. This number is projected to climb to 1.6 billion by the end of 2023 and reach $5.5 billion by 2030.
Growing Demand for High-Speed Data Services
The increasing need for high-speed data services, particularly for applications that require a lot of connectivity, such as virtual reality, gaming, and video streaming is driving the market growth.For instance, Thales Group, in June 2023, global 5G subscriptions reached amilestone of 1.1 billion, with an additional $125.0 million in subscriptions added in just the first quarter. Furthermore, over 240 service providers have successfully established 5G networks, and 35 have launched 5G Standalone (SA) networks. With over 700 5G smartphone models available to users there are predictions indicating that these connections will exceed $2.0 billion by 2025, surpassing the previous rollouts of 3G and 4G. Experts anticipate that by 2028, 5G will encompass a remarkable $4.6 billion in subscriptions, accounting for more than half of all mobile subscriptions.
Market Segmentation
Our in-depth analysis of the global standalone 5G network market includes the following segments by component, spectrum, network, and vertical:
- Based on components, the market is sub-segmented into solutions and services.
- Based on spectrum, the market is bifurcated into sub-6 GHz spectrum, mmwave (millimeter wave) spectrum, and others(unlicensed spectrum, and shared and dynamic spectrum).
- Based on application, the market is augmented into public, and private.
- Based on vertical, the market is sub-segmented into manufacturing, automotive and transportation, enterprise/corporate, energy & utilities, healthcare/hospitals, smart cities, and others (agriculture, smart home, public safety & defense).
The public is Projected to Emerge as the Largest Segment
Based on the public, the global standalone 5G network market is sub-segmented into public, and private. Among these, the public sub-segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth includesgovernment policies and regulations that significantly boost 5G network deployment by promoting spectrum allocation, licensing, and infrastructure development, encouraging operators to invest in standalone 5G infrastructure.IEEE.org, in August 2023, public 5G SA networks have been launched or deployed by 36 operators in 25 countries and territories, with two of them having recently soft-launched their networks.
Sub-6 GHz SpectrumEnterprisesSub-segment to Hold a Considerable Market Share
The use of Sub-6 GHz spectrum in standalone 5G networks expands coverage, reaching a larger population, addressing diverse community needs, and driving market growth and adoption in urban and rural areas. For instance, in February 2021, MediaTek launched a 5G modem with mmWave and sub-6 GHz 5G technologies.The MediaTek M80 5G modem, featuring 3GPP Release 16, dual connectivity, and carrier aggregation, is expected to be utilized in various mobile, home, automotive, and IoT/Enterprise products.
Regional Outlook
The global standalone 5G network market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Increasing Standalone 5G Network Market Demandin North America
As a result of the increasing demand from both consumers and businesses in North America for high-speed internet and innovative telecommunications services, independent 5G networks have been developed..For instance, in August 2020, T-Mobile launched a standalone 5G network in the US. Expands coverage with standalone architecture, offering faster speed and connectivity on smartphones and devices in more places, while maintaining its non-standalone architecture with 4G LTE core and 5G capabilities.
Global Standalone 5G Network Market Growth by Region 2024-2031
Asia-PacificHolds Major Market Share
The widespread deployment and adoption of the SA 5G network in countries such as China, Japan, India, South Korea, Singapore, and Australia has significantly contributed to the growth of the market in the region. These countries have witnessed a substantial increase in the implementation and usage of the SA 5G network, leading to a surge in its market demand. Singtel, Singapore's primary telecom service provider, has achieved over 95.0% SA 5G nationwide coverage with its standalone 5G network. With more than 1,300 outdoor locations and over 400 in-building and underground areas covered, this milestone creates significant opportunities for innovative applications and immersive experiences for both enterprises and consumers. Currently, approximately 900,000 customers are already benefiting from the enhanced capabilities of 5G.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global standalone 5G network market include Ericsson Group Co., Huawei Technologies Co. Ltd., Nokia Corp., Cisco Systems, Inc., and Samsung Electronics Co., Ltd., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in October 2022,Ericsson signed a strategic 5G contract with Indian telecoms provider Reliance Jio Infocomm Ltd. to roll out 5G Standalone in the country, aiming to modernize network infrastructure and deliver transformative 5G experiences to consumers and enterprises.
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global standalone 5G network market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Huawei Technologies Co. Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Nokia
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Telefonaktiebolaget LM Ericsson
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Standalone 5G Network Market by Component
4.1.1. Solutions
4.1.2. Services
4.2. Global Standalone 5G Network Market by Specturm
4.2.1. Sub-6 GHz Spectrum
4.2.2. mmWave (Millimeter Wave) Spectrum
4.2.3. Others(Unlicensed Spectrum, and Shared and Dynamic Spectrum)
4.3. Global Standalone 5G Network Market by Network
4.3.1. Public
4.3.2. Private
4.4. Global Standalone 5G Network Market by Vertical
4.4.1. Manufacturing
4.4.2. Automotive and Transportation
4.4.3. Enterprise/Corporate
4.4.4. Energy & Utilities
4.4.5. Healthcare/Hospitals
4.4.6. Smart Cities
4.4.7. Others (Agriculture, Smart Home, Public Safety & Defense)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AT&T Inc.
6.2. China Telecom Corporation Ltd.
6.3. Cisco Systems, Inc.
6.4. Dell Technologies, Inc.
6.5. Intel Corp.
6.6. KT Co., Ltd
6.7. NEC Corp.
6.8. NTT DOCOMO, INC.
6.9. Qualcomm Inc.
6.10. Qualcomm Technologies, Inc.
6.11. Radisys Corp.
6.12. Rogers Communications Inc.
6.13. Samsung Electronics Co., Ltd.
6.14. SK telecom, Inc.
6.15. T-Mobile US Inc.
6.16. Verizon Communications Inc.
6.17. Vodafone Group Plc
6.18. ZTE Corp.
1. GLOBAL STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
2. GLOBAL STANDALONE 5G NETWORK SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL STANDALONE 5G NETWORK SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY SPECTRUM, 2023-2031 ($ MILLION)
5. GLOBAL STANDALONE 5G NETWORK BASED ON SUB-6 GHZ SPECTRUM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL STANDALONE 5G NETWORK BASED ON MMWAVE (MILLIMETER WAVE) SPECTRUM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL STANDALONE 5G NETWORK BASED ON OTHER SPECTRUM MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY NETWORK, 2023-2031 ($ MILLION)
9. GLOBAL SPECTRUM STANDALONE 5G NETWORK BY PUBLIC MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL SPECTRUM STANDALONE 5G NETWORK BY PRIVATE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
12. GLOBAL STANDALONE 5G NETWORK FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL STANDALONE 5G NETWORK FOR AUTOMOTIVE AND TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL STANDALONE 5G NETWORK FOR ENTERPRISE/CORPORATE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL STANDALONE 5G NETWORK FOR ENERGY & UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL STANDALONE 5G NETWORK FOR HEALTHCARE/HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL STANDALONE 5G NETWORK FOR SMART CITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. GLOBAL STANDALONE 5G NETWORK FOR OTHER VERTICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
19. GLOBAL STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
20. NORTH AMERICAN STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
21. NORTH AMERICAN STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
22. NORTH AMERICAN STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY SPECTRUM, 2023-2031 ($ MILLION)
23. NORTH AMERICAN STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY NETWORK, 2023-2031 ($ MILLION)
24. NORTH AMERICAN STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
25. EUROPEAN STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
26. EUROPEAN STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
27. EUROPEAN STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY SPECTRUM, 2023-2031 ($ MILLION)
28. EUROPEAN STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY NETWORK, 2023-2031 ($ MILLION)
29. EUROPEAN STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
30. ASIA-PACIFIC STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
31. ASIA-PACIFICSTANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
32. ASIA-PACIFIC STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY SPECTRUM, 2023-2031 ($ MILLION)
33. ASIA-PACIFIC STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY NETWORK, 2023-2031 ($ MILLION)
34. ASIA-PACIFIC STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
35. REST OF THE WORLD STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
36. REST OF THE WORLD STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
37. REST OF THE WORLD STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY SPECTRUM, 2023-2031 ($ MILLION)
38. REST OF THE WORLD STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY NETWORK, 2023-2031 ($ MILLION)
39. REST OF THE WORLD STANDALONE 5G NETWORK MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2023-2031 ($ MILLION)
1. GLOBAL STANDALONE 5G NETWORK MARKETSHARE BY COMPONENT, 2023 VS 2031 (%)
2. GLOBAL STANDALONE 5G NETWORK SOLUTIONS MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL STANDALONE 5G NETWORK SERVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL STANDALONE 5G NETWORK MARKET SHARE BY SPECTRUM, 2023 VS 2031 (%)
5. GLOBAL STANDALONE 5G NETWORK BASED ON SUB-6 GHZ SPECTRUM MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL SPECTRUM STANDALONE 5G NETWORK BASED ON MMWAVE (MILLIMETER WAVE) SPECTRUM MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL STANDALONE 5G NETWORK BASED ON OTHER SPECTRUM MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL STANDALONE 5G NETWORK MARKET SHARE BY NETWORK, 2023 VS 2031 (%)
9. GLOBAL STANDALONE 5G NETWORK BY PUBLIC MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL STANDALONE 5G NETWORK BY PUBLIC MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL STANDALONE 5G NETWORK MARKET SHARE BY VERTICAL, 2023 VS 2031 (%)
12. GLOBAL STANDALONE 5G NETWORK FOR MANUFACTURING MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL STANDALONE 5G NETWORK FOR AUTOMOTIVE AND TRANSPORTATION MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL STANDALONE 5G NETWORK FOR ENTERPRISE/CORPORATE MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL STANDALONE 5G NETWORK FOR ENERGY & UTILITIES MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. GLOBAL STANDALONE 5G NETWORK FOR HEALTHCARE/HOSPITALS MARKET SHARE BY REGION, 2023 VS 2031 (%)
17. GLOBAL STANDALONE 5G NETWORK FOR SMART CITIES MARKET SHARE BY REGION, 2023 VS 2031 (%)
18. GLOBAL STANDALONE 5G NETWORK FOR OTHER VERTICAL MARKET SHARE BY REGION, 2023 VS 2031 (%)
19. GLOBAL STANDALONE 5G NETWORK MARKETSHARE BY REGION, 2023 VS 2031 (%)
20. US STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
21. CANADA STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
22. UK STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
23. FRANCE STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
24. GERMANY STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
25. ITALY STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
26. SPAIN STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
27. REST OF EUROPE STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
28. INDIA STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
29. CHINA STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
30. JAPAN STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
31. SOUTH KOREA STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
32. REST OF ASIA-PACIFIC STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
33. LATIN AMERICA STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
34. MIDDLE EAST AND AFRICA STANDALONE 5G NETWORK MARKET SIZE, 2023-2031 ($ MILLION)
