According to Facebook Connectivity Research 2019, 3.3 billion people in developing and emerging markets are at risk of degraded network performance by 2023.
In today’s connected world, there is a great need for portable, sophisticated, real-time applications that includes enriched multimedia tools, AR/VR, video analytics, drone surveillance, fleet tracking, tele medicine, remote health monitoring, robotics, Machine-to-Machine (M2M) communication, Internet of Things (IoT). Such sophisticated and real-time applications need a reliable, low-latency, high-bandwidth, secured and portable communication network that can be provided by Private 5G solution.
Niral Networks is developing a curated and open source private 5G Network Operating System (NOS) called NiralOS. When NiralOS based 5G is deployed, it frees up the customer from any type of vendor lock-in, creating unparalleled opportunities, including competitive pricing, more flexibility, faster innovation, and cost-effective scaling, which all ultimately have the potential to significantly lower both CAPEX and OPEX. The backhaul connectivity of private 5G solution using mesh networking.
NiralOS based private 5G can be used to create affordable communication solution for the un-connected or under-connected in difficult terrains, maritime, border area, disaster site etc.
According to market analysis report from Grand View Research Inc., the private 5G market is growing at a CAGR of 39.7% from 2020 to 2028. The private 5G market size was 1.22 Billion USD in 2020 and reach 14.28 Billion USD by 2028.
The hardware that includes radio units comprises of 50% of the market share, while software and services makes up 35% and 15% respectively. Also, by 2028, 30% of the private 5G network would use Licensed spectrum and 70% would use shared and unlicensed spectrum. Private 5G Network penetration would predominantly be in North America, Europe and Asia Pacific.
According to Harbor Research, the proliferation of IOT will largely be driven by deployment of private 5G Network. Private 5G Networks would create an impact in almost all market segments that includes consumer, healthcare, retail, industrial, smart cities, mining, oil & gas, utilities, transportation and IT.
Total Available Market (TAM) for private 5G = $14.28 Billion by 2028
Serviceable Available Market (SAM) for NiralOS private 5G Software = $7.14 Billion by 2028
Serviceable Obtainable Market (SOM) for NiralOS private 5G Software = $1 Billion by 2028