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Unmatched air traffic control 4.05/2/2023 The Industry 4.0 segment to continue its leadership status by 2030īased on industry vertical, the Industry 4.0 segment held the highest share in 2020, accounting for more than half of the South East Asia 5G private network industry, and is projected to continue its leadership status by 2030. This is due to effective coordination between hardware provider companies and 5G private network users by offering services such as implementation, training, consulting services, and managed services. However, the services segment is projected to witness the fastest CAGR of 45.9% from 2021 to 2030. This is attributed to increase in adoption of 5G private network solution among enterprises to gain strategic & competitive advantages and avail strong customer retention over their competitors. The hardware segment to maintain its dominance throughout the forecast periodīased on component, the hardware segment accounted for the highest market share in 2020, contributing to nearly half of the South East Asia 5G private network market, and is expected to maintain its dominance throughout the forecast period. Get detailed COVID-19 impact analysis on the South East Asia 5G private network market: This led to implementation of 5G private network. ![]() In the era of post-pandemic, companies focused on the adoption of advanced technologies such as augmented reality, virtual reality, and internet of things to carry out contactless operations in several industry verticals such as manufacturing, energy and utility.So, the COVID-19 pandemic impacted the South East Asia 5G private network market positively as the adoption of 5G private network increased considerably. Nearly 90% of organizations in the region adopted "work from home" policy, which, in turn, resulted in the increased usage of cloud infrastructure and rise in internet traffic.On the other hand, rise in need for low latency connectivity in organizations, emergence of cutting-edge technologies, and increase in investments for implementation of 5G private network infrastructure create new opportunities in the coming years.ĭownload Report Sample (324 Pages PDF with Insights) at: However, security concerns and high cost of implementation for 5G private network solutions restrain the market growth. High penetration of 5G private network, increase in usage of artificial intelligence (AI) & other smart connected devices, and rise in need for high-speed internet with shift toward digitization drive the growth of the South East Asia 5G private network market. ![]() PORTLAND, Ore., J/PRNewswire/ - Allied Market Research published a report, titled, " South East Asia 5G Private Network Market Share by Component (Hardware, Software, and Services), Frequency Type (Sub 6Ghz and mmWave), Spectrum (Licensed Spectrum and Unlicensed Spectrum), Industry Vertical (Industry 4.0, Enterprise & Campus, Healthcare, Transport & Logistics, Smart City, Retail & E-commerce, Tourism, and Others): Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the South East Asia 5G private network market generated $59.31 million in 2020, and is expected to reach $1.93 billion by 2030, witnessing a CAGR of 41.9% from 2021 to 2030. High penetration of 5G private network and rise in need for high-speed internet with shift toward digitization drive the growth of the South East Asia 5G private network market.
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