5G enterprise market Forecast [2022-2032] : Trends, Segments and Revenue Insights
With an estimated worth of $83.45 billion by 2031 and a spectacular annual growth rate of 36.5% throughout the forecast period from 2021 to 2031, the global 5G Enterprise Market is expected to experience amazing growth in the years to come. The rising need for effective communication and the expanding use of 5G networks globally are the main drivers of this expansion. Additional driving forces in this market expansion include the emergence of Industry 4.0, the creation of smart infrastructure, and the offering of unique 5G services employing the network slicing technique.
The introduction of 5G technology has completely changed how businesses function and communicate. 5G allows efficient and seamless communication between machines, people, and other devices thanks to its high-speed connectivity, low latency, and huge device connectivity capabilities. The demand for 5G corporate solutions is being driven by the growing need for improved connectivity, particularly in sectors like manufacturing, healthcare, transportation, and logistics.
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The manufacturing industry has been transformed by Industry 4.0, the fourth industrial revolution, which has also paved the path for a greater uptake of 5G technology. Businesses are utilising 5G to improve supply chain management, enable real-time monitoring and control of operations, and boost efficiency through automation and robots. Additionally, the ability of 5G networks to enable effective communication and connectivity across multiple devices and applications is crucial for the development of smart infrastructure, including smart cities and smart buildings.
Market participants are concentrating on strategic alliances and collaborations as the global 5G enterprise market grows in order to speed innovation and provide complete solutions to businesses. The development and deployment of 5G-enabled solutions customised to the specific requirements of various industries is being collaborated on by telecom carriers, equipment manufacturers, and technology suppliers. Through these partnerships, the full potential of 5G technology will be unlocked, digital transformation will be accelerated, and businesses will be able to thrive in the age of hyper-connectivity..
Highlighted with 89 tables and 98 figures, this 181-page report “Global 5G Enterprise Market 2021-2031 by Component (Equipment, Platform), Network Type (Hybrid, Private, Enterprise, CSP), Frequency (Sub 6Ghz, mmWave), Spectrum (Licensed, Unlicensed/Shared), Organization Size (SMEs, Large), Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global 5G enterprise market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
View Report Scope and Latest Developments in the Market:
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and the Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global luxury packaging market in every aspect of the classification from perspectives of Material, Industry, and Region.
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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Hardware & Equipment
o Radio Node
o Service Node (E-Ran Solutions)
o Distributed Antenna System (DAS)
- Software & Platform
o Software-Defined Networking (SDN)
o Network Functions Virtualization (NFV)
Based on Network Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Hybrid Networks
- Private Networks
- Enterprise Networks
- Communication Service Provider (CSP) Networks
By Frequency, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Sub 6Ghz
- mmWave
Based on Spectrum, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Licensed
- Unlicensed/Shared
Based on Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Small and Medium-sized Enterprises
- Large Enterprises
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Communication
- Mobile Robots
- Video Analytics
- AR/VR
- Other Applications
Based on Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- IT & Telecom
- Manufacturing
- BFSI
- Energy and Utility
- Retail & E-commerce
- Media & Entertainment
- Government and Public Sector
- Healthcare
- Other Industry Verticals
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Product Type and End User over the forecast years are also included.
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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Affirmed Networks, Inc.
AT&T Inc.
Cisco Systems, Inc.
Ericsson
Hewlett Packard Enterprise Company
Huawei Technologies Co., Ltd.
Juniper Networks, Inc.
NEC Corporation
Nokia Corporation
Samsung Electronics Co., Ltd.
SK Telecom Co., Ltd.
Verizon Communications Ltd
ZTE Corporation
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