
South & Central America Private 5G Networks Market
No. of Pages: 93 | Report Code: BMIRE00030267 | Category: Technology, Media and Telecommunications
No. of Pages: 93 | Report Code: BMIRE00030267 | Category: Technology, Media and Telecommunications
The South & Central America private 5G networks market was valued at US$ 114.28 million in 2022 and is expected to reach US$ 1,503.53 million by 2030; it is estimated to record a CAGR of 38.0% from 2022 to 2030.
Increasing Deployment of Time-Sensitive Networking in Automotive Industries Fuels South & Central America Private 5G Networks Market
Time-sensitive networking (TSN) is a set of protocols for predictable, low-latency communication across Ethernet networks. As a result, it is suited for use in applications requiring real-time communication, such as autonomous driving and advanced driver assistance systems (ADAS). For automotive applications, private 5G networks have certain advantages over standard public cellular networks. They can offer more bandwidth, lower latency, and more reliability. This is due to the fact that private 5G networks are dedicated to a particular user or organization and do not have the same congestion difficulties as public networks. The combination of TSN and private 5G networks is creating new opportunities for the automotive industry. For example, TSN can be used to enable real-time communication between various sensors, actuators, and control systems in an autonomous vehicle. This is crucial for ensuring the safety and reliability of autonomous driving systems. TSN technologies are emerging. For instance, the IEEE Standards Association advances new TSN application profiles as adoption increases in the automotive industry. Therefore, the growing interest in TSN in the automotive industry is an opportunity for growth in the private 5G network market. As the automotive industry continues to develop and deploy autonomous vehicles and ADAS systems, the demand for private 5G networks is expected to continue to grow.
South & Central America Private 5G Networks Market Overview
The South America (SAM) Private 5G Networks market is segmented into Brazil, Argentina, and the Rest of SAM. The private 5G network market in South America (SAM) is expected to grow significantly in the coming years. Enterprises in the region are increasingly looking to deploy private 5G networks to improve their operational efficiency and competitiveness. Private 5G networks offer a number of advantages over public 5G networks, including dedicated bandwidth, improved security, and lower latency. For instance, in June 2023, the Spanish telecoms company and its vendor partner are touting their abilities to bring digital transformation to Latin American businesses. The pair intend to offer Nokia's portfolio of industrial-grade private wireless network and digitalization platform solutions through their newly announced partnership, focusing primarily on what they describe as "the most promising industries in the region," which are ports, mining, energy, and manufacturing. The benefits of LTE and 5G private wireless will enable Industry 4.0 across industries. In October 2023, Jacto-a Brazilian multinational firm in the machinery sector-chose Nokia to build Latin America's first industrial-grade private wireless 4.9G/LTE and 5G network for the agricultural machinery industry. Therefore, the private 5G network market in SAM is expected to grow rapidly in the coming years, driven by increasing government support, growing demand from enterprises, and an expanding range of applications.
South & Central America Private 5G Networks Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the South & Central America Private 5G Networks provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 114.28 Million |
Market Size by 2030 | US$ 1,503.53 Million |
Global CAGR (2022 - 2030) | 38.0% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Component
|
Regions and Countries Covered | South and Central America
|
Market leaders and key company profiles |
The geographic scope of the South & Central America Private 5G Networks refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. Cisco Systems Inc
2. Huawei Technologies Co Ltd
3. Nokia Corp
4. Telefonaktiebolaget LM Ericsson
5. T-Systems International GmbH
6. Vodafone Group Plc
7. AT & T
8. Qualcomm Inc
9. Amazon Web Services Inc
The South & Central America Private 5G Networks Market is valued at US$ 114.28 Million in 2022, it is projected to reach US$ 1,503.53 Million by 2030.
As per our report South & Central America Private 5G Networks Market, the market size is valued at US$ 114.28 Million in 2022, projecting it to reach US$ 1,503.53 Million by 2030. This translates to a CAGR of approximately 38.0% during the forecast period.
The South & Central America Private 5G Networks Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Private 5G Networks Market report:
The South & Central America Private 5G Networks Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Private 5G Networks Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Private 5G Networks Market value chain can benefit from the information contained in a comprehensive market report.